RE:RE:RE:Clarke Inc selling lately like there’s no tomorrow Price is not decent enough. Clarke is publicly traded and have to make decisions based on what is best for their shareholders and business. Last I checked, and correct me if I'm wrong, but they also have holdings in a hotel and a ferry company? I rather doubt those businesses have been profitable this last year. I remember they bought some shares at the covid lows and in the summer so they probably received a very nice return to make year end 2020 look not so horrible for their investors. Now if G2S2 was selling I'd maybe be raising my eye brows. G2S2 is privately held (run by George and Sime Armoyan), and they don't need to answer to any investors if they don't want to. Totally different ball game then being a publicly traded company.
Maybe producers stock prices can't hold an erection because they're financials have been lousy? I mean it only makes sense. Pengrowth leveraged everything including their left nut. Almost all the juniors and a good chunk of mid caps have over leveraged balance sheets with subpar acreage, hence the recent mergers and acquisitions. Trican isn't leveraged AT ALL. Trican has the best balance sheet arguably in North America with the best assets to take advantage of an upswing in a basin that has acreage owned by some very big and well run companies.
As far as all this ESG and green stuff goes, Trican has duel fuel pumpers, and they've repeatedly said they're looking at acquiring more if the economics make sense. At the end of the day the transition will take decades. Look at the oil sands. It took 20 years,maybe more, to build the camps, the mines, import the equipment, build essential infrastructure. In the grand scheme of things, Fort Mac isn't even big. Now let's take the entire developed world, and transition it to wtv will be the preferred energy source. It will take decades to build all the infrastructure and plants required to go green. And I'm just talking about what has to be built here. What about the panels and windmills that will be built in third world countries and shipped overseas. Getting the new green economy to scale will be so carbon intensive it will make Gretta throw a tantrum.