GREY:BXEFF - Post by User
Comment by
bigbabon Nov 25, 2014 2:18pm
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Post# 23162553
RE:RE:Why is BXE UP today?
RE:RE:Why is BXE UP today?CanadianBuck wrote:
Clearly BXE is acting better than the group even other gassy stocks. My guess looking at volumes and recent action maybe we have another activist hedge fund accumulating? Wouldn't that make sense? We have a clearly undervalued stock with an activist hedge fund with a big position at a lot higher prices acting as a catalyst for change why wouldn't another hedge fund after doing their own DD join the party? Reasonably limited risk situation excluding a disaster macro situation. Plenty of upside over the next 9-12 months. BXE is one of the few oil/gas stocks which hasn't given up recent gains. Clearly there is a reason behind the relative strength. I sold a part (20%) position @ 5.55- $5.69 (pressure valve release) hoping to buy back cheaper looks like I may not get that chance. If it wasn't for the OPEC meeting Thursday I would do it now.
+ tax loss accumulation 3 reasons