malx1 wrote: Anonymous has been net seller over past 5 years and continues today. Likely institutional holders throwing in the towel on Alberta. Net buyer of GH has been Acumen, accumulating $12.5mm worth of shares at an average cost of $11.10. The long-term winner here will be Acumen's customers. They keep buying GH shares while customers collect the 6% dividend annually in their accounts. Valuation is low compared to peers, debt is low, opportunity here is to the upside with resurgence of Grande Prairie NGL's and slow rebuild of Ft McMurray.
Get the NDP out provincially then fire the Liberals federally and you have the recipe for strong recovery in Alberta as oil prices march higher.
Job creation, wage growth and low interest rates.
Kasking is right, $12+ is very reasonable.
This stock is attached at the hip to oil prices. The low float and market volatility also contribute to wide fluctuations in share price.
If you are correct about institutional investors fleeing for cover, it would seem reasonable to assume the stock will take the path of least resistance, and that would be downward.
Do you folks still feel the current dividend is sustainable going forward?
Earnings out any day. See you back at $11+
farmer9, how did your Northern Frontier Corp shares fare after you exited GH to buy them? Is Monty Balderston still running companies into the ground?