RE:$11.47?!? Nothing is wrong with the company itself.
The whole Canadian market is being manipulated and shorted, likely by big U.S. $ Not to mention the strength of our dollar. Make no mistake Trudeau and gang ticking off the American president will embolden American’s to short the krap out of our market!
All grades of Alberta oil have gone down signifcantly in the last couple weeks against WTI going up (not normal).
Small heavy oil companies are going to be bankrupt with WCS at $26.50!!! Means more empty offices in Cow Town.
Management has done an admirable job in managing this situation so far. But the company needs time to redploy capital and in the mean time I expect next Qtr. will prove management was right in playing down the small decrease in Calgary office space last Qtr.
I don’t like the maco economics right now, but I like the management team !
Just my opinion