RE:RE:RE:RE:RE:RE:RE:RE:Listened to Webcast on Sunday
Suppe11 wrote: Where did I spin the purchase negative ?
The stock swinged between 4.90-5.xx, so pretty easy, to miss the top. Btw. it's not about missing THE top exactly, roughly is enough. Anyway, according to your dreams, it's a buy every day, because it will go to C$ 10...if you think, you'll buy low now...go for it. I got another opinion, if I'm allowed to...you would buy the top (for some time).
Where did the company talk about the tax reorganization in the Q4 ? The only fact we know is: They're working on it and it would be a great catalyst. Is the reorganization possible ? Your guess is as good as mine, but fact is, that it's no fact so far.
Regarding oil...Imho it's the spring seasonality + some Geo. Brent may touch the $90ies, but it's not sustainable. We'll revisit the low 80ies in summer. Beside this, the NG price is so low, that the spread to oil is not sustainable...so either Ng has to go up (with exactly zero catalysts) or oil has to come done. I guess the latter (in June), we'll see.
I suggest you listen carefully to the conference call. They discuss the tax reorganization. You'll find your answer there.
Your words regarding the equipment purchase.
"and the eyeopening bummer, that they paid 20m forvthe vessel in Q1 and $70+m taxes in May."
As for oil, it often rises in to the summer due to the US driving season. No reason to suspect otherwise at this point. We could just as easily see mid 90s on Brent this summer as low 80s.
Finally, energy equities have been suppressed from a valuation perspective. There is strong reason to believe that will change as some money exits tech for commodities.
We seem to have lost BeRationale as an investor when he/she focused too carefully on opex for 1 quarter. Missing the forest from the trees here can be expensive.
bfw