GREY:CCZFF - Post by User
Post by
Cardboard1on Jun 07, 2018 10:44am
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Post# 28139247
Vote before June 19!
Vote before June 19!This is another company in the oil & gas space that has not participated at all from a recovery in energy.
While they can claim all day long that AECO prices are poor, condensates and ultra light oil are not and exploration in the Deep Basin and Montney is still going strong in the search for liquids.
With no flaring allowed in Canada, you still have to treat and ship natural gas that come out as a by-product and with it should come demand for their products. Lots of processing plants have also been built over the last few years.
This is a tiny company into an enormous market. They have no excuse!
If you look at their sales, it has been going nowhere for 2 years now. Even their expansion in the U.S. is not showing much benefit at all. The only positive appears to be margins getting stronger and stronger on their cloud/software offering.
The AGM is coming up on June 19 and I intend to withhold my votes for all nominees. They need to hear the message that enough is enough. Time to look for strategic alternatives.
I am also tired of this CEO who keeps on repeating the same message in every quarterly PR that they are apparently doing well. Misleading at best.
He bought a fair bit of shares in recent days in a private transaction. Normally, this would inspire me confidence but, after seeing so many executives in the WCSB trying to protect their jobs instead of looking out for best returns and shareholders this could be another of these entrenching moves.
OUT!
Cardboard