GREY:LSTMF - Post by User
Comment by
jerrybeon Sep 03, 2014 12:44pm
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Post# 22901655
RE:RE:High 7s at least
RE:RE:High 7s at leastThey sold among the very best assets they had. Yes, debt is reduced but what is left is not as enticing as before...
I think the negative price reaction is also linked to the fact that the probability of a takeover (by Crescent, our most likely acquirer) has just gone down significantly.
Without a takeover, we are left with those clowns (current management) who have been extremely good at squandering opportunities and generating cost overruns every quarter...
Let's see what the October operational update will yield in terms of the Swan Hills. This is the firm that had significant Torquay acreage and instead preferred to develop Swan Hills to then mess it up completely. GLTA. We sure need it.