GREY:SGLRF - Post by User
Comment by
power_auditoron Dec 26, 2014 2:41pm
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Post# 23265849
RE:RE:Interesting Land Sales in the NE BC area....(Dawson Creek)..
RE:RE:Interesting Land Sales in the NE BC area....(Dawson Creek)..Thanks for the correction Roscoe74....for some reason I had SGY on the brain(must have thought SGY and LNV had a spinco?)....if James Hodgkins of Curvature Hedge Fund is correct and ARC is buying up the properties around LXE et al....then SGL might have some interest....which seems a lot better than the meager buy back so far...noticed the Co/Insiders have bght 3 tranches so far of shares.... 99,500 shrs for appx. $36,281.50...Nothing holding them back from buying their daily limit of 78295 shrs....but I am skeptical of the whole scheme...Does not make financial sense to me considering they have now cut the divvy to reposition their "funds"...buying back shares when the funds might be put to better use elsewhere(my dividend for one!)...but that aside the NG mkt/potential for those companies that surround the Fort St.John's and Dawson Creek area of NE BC have to be liking that news out of ECA/KKR...Will SGL be able to take advantage of the interest while it is "hot"?! GLTA