GREY:TRIAF - Post Discussion
Post by
shambano1 on Oct 11, 2012 12:24pm
TOL downgraded due to SO
TOL was downgraded this morning by canaccord "TriOil Resources Ltd. : Canaccord Genuity cuts target to C$5 from C$6.25, after the company issued 7.8 million Class A shares at $2.55 per share thereby leading to equity dilution" really 5 and TOL is trading at half of this new target at 2.50.
takeover time or the brokers don't know WTH they are talking about.
how does TOL bridge that valuation gap without a takover and maximizing shareholder value?
sure they can continue to drill and expand their inventory and get some sweet oil wells like they are doing but that doesn'st cut it these days?
what else can they do to bridge this gap without a sale of the company?
I'm confused why TOL is trading this low compared to their targets?
oh well, it's a long term keep I guess, and the market will catch up one day and maybe even in 2013
DYODD
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