GREY:ANGZF - Post by User
Post by
bankerboy28on Sep 20, 2013 11:55pm
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Post# 21756746
NAV over $4
NAV over $4price tested the lows like I thought it would...good value at this price now...with the price deflated now...some company might cosider making a takeover bid...fund manager commented on BNN today that alot of American oil and gas companies are trading at 6 time cashflow while alot of Canadian are trading at 3 times cashflow...very cheap going into the fall...alot of the American investors and fund managers have started and will continue to buy back into the Canadian stocks and that will make the price pop significantly.......NGL looks great at 2.4 times cashflow....debt is still a concern...but not out of control....valuation is really cheap now as a result of the triple witching Friday....BB28