NYSE:NS.P.A - Post by User
Comment by
Methodon May 04, 2021 2:10am
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Post# 33121508
RE:Going nowhere
RE:Going nowhere
Theconsortman wrote: This thing is going nowhere. Fully invested into a a heavy oil play that is expensive to complete (heavy frac density) along with third party gas processing problems. No mention of the Pekisko play that they poured cash into (land and failed drill). Time to polish it up and trot it out for divestment. Only serving the desk clingers at this point.
Growth picks up in the back half which will help change sentiment. But even if it doesn't, they can grow within cash flow on Leduc and they do not like dilution. Management has its money in at 34 cents. If they sell, it's probably above that price.