RE:RE:RE:RE:RE:RE:RE:RE:Dutch TTFNuttall holds 12-13 big positions now. Other positions could have grown up to knock it out of the list - not just eliminating his position.
Interesting to see Lucero back in there. I owned it a while back and sold it before it was recapped a second time. It looks to me like the management team refused to really do anything until 1-2 years passed so that free cash flow could whittle down the debt. Still not sure if they are going to do anything though. They didnt do much with Torq - just merged with whitecap. ERF seemed like a logical buyer for Lucero.
Agree that Fair value for Tenaz has to be at least 6 dollars. If they can get the share price up a little the deals likely flow a bit easier too. If there is some news about their strategy in the North Sea - perhaps there is something they have up their sleeve to extend the life, increase production or similar. If so it likely gives a bit more strength to the business case.
Still debt free...