GREY:BXEFF - Post by User
Comment by
CanadianBuckon Jan 19, 2016 12:09pm
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Post# 24472362
RE:RE:RE:Daniel Lewis and Orange selling?
RE:RE:RE:Daniel Lewis and Orange selling?
Perhaps we just saw Mr. Lewis just lose a client? I believe that he handles large accounts for clients and that some of them would be individually managed. So it is possible this is a one off event. I certainly hope so. Last week we saw about 3 separate days of end of session, large MOC sell orders on the US side. Not sure if they are related. Of course Mr. Lewis wasn't correct on his buy timing maybe his sell timing won't be any better. He increased his bond position recently so would he do that if he thought the company was going under? I don't think so. And yes the bond would rank ahead of the common shareholders, but it would be risky as the bond would rank behind the bank debt. If I recall that bond trade was done at 58, and for a 8 1/2% coupon that reflects a high yield to maturity and a high risk bond obviously. If we can get through till fall maybe we can get a nat gas market that helps us out. GLTA