FormerXBC Inc XEBEQ

We're looking for improved margins and positive EBIDTA in Q3

[Winston1]

Q3 earnings should be in excess of $35 million, I say 'should' because you never know. If Xebec improved their margins last quarter and finally post positive EBIDTA I believe that will signal to institutional investors that the turnaround is in full effect and funds should start flowing back in. 

Also, Caisse de depot is looking to fully divest from all oil producing assets by the end of next year, and will place the $3.9 billion they have in oil assets into clean energy, which will of course help Xebec tremendously considering they're a Quebec based company.

[catchascatchcan]

I firmly believe that Q3 will finally put the bottom in for us.  I have no reason to believe that this will play out any differently than Q2.  I think we will be a slow bleed into the leadup, and then crater for a final time on the results.  Many here laugh at any that have called for $2, but we all know that we're collectively the butt of the joke whether it's $2 or $2.64.&

[Gann999]

While I am not ruling out this theory I respectfully believe that you are wrong. What makes you think it's going to "crater" as you put it after a slow bleed. The trading doesn't suggest this up a penny down a penny. Book value is 2.11 and they have more cash than debt. So how exactly do you figure it will fall below 2 dollars. Seems to me companies that trade below book value

[catchascatchcan]

I definitely hope I am wrong, but sadly I believe it will come to pass.  I would caution about such an outcome being a silly assertion.  The truth is that any mention of $8, $7, $6, $5, $4, or $3 earlier this year would hone been ridiculed by this entire board, myself included.  The last time I bought was at $8, thinking it was a steal.  Markets are not rational, and do not

[Gann999]

Personally I think you are talking absolute nonsense and are crazy to think this way. Have you done any number crunching to support this theory of yours or are you just so disillusioned over the share price that you think it will never end. I will give you that we were way wrong at 8,7,6,5,4,3 but let's talk numbers here. In December of 2020 the company had equity of 344 million assets minus

[savyinvestor333]

I didn't check but how much of our book value is goodwill if any?  FYI companies to trade below book value even when they are profitable. I used to own Macro MCR on the venture. The shares still trade way under book value and interest in the shares are still minimal.

[Gann999]

Not ruling it out completely but just saying it seems highly unlikely for the share price to decline another 50 percent from here as catch has suggested may happen. Again not ruling it out but to me the likelihood of this happening as everything is improving within the company is very very low in my opinion. I think it's possible to touch book value as I have said in past posts but I think it&

[savyinvestor333]

Well I just went back and looked at my Jan statements and most regulars here know that I have previously stated that I have been adding numerous times since that time. Looks like I have increased the total number of shares that I am holding by almost 400% since the end of Jan. I am still keeping the position between 3-6% of my holdings and am currently at 3.74%. I do not see a material downside

[savyinvestor333]

What to do what do do. Since Oct 8  my Xebec holdings have increased to 5.48% of my holdings and is nearing my self imposed 6% limit. The next closest holding is 3.67  I haven't sold a share in this runup and may just close my eyes for awhile and see where this goes.

[ZouZS3]

My portfolio Is 94% xebec

[catchascatchcan]

Call my post or me nutty, or foolish, or what have you, but you're trying to rationalize all the reasons that this market trajectory doesn't make sense to you.  Yet it's staring you in the face none the less.  Markets don't have to follow rules, nor metrics, and never have to be rational.  We are a management group that's lost faith, in an industry that's

[Gann999]

again you are being overly dramatic. I took your bear thesis into consideration and even gave benefit that it may fall as low as 2.16 but crater beneath 2 I doubt it. Nonetheless you are entitled to your opinion.

[CorruptedLushDr]

At this juncture, holding this is going to require huge amounts of patience.  With O and G raging on plays like this one are of little interest to anybody intent on making money.  Unfortunately, management successfully managed to sheet the bed at precisely the wrong time.  They squandered any momentum and butchered any credibility that might have insulated them from the current

[Gann999]

it's only down 1 cent from the low guess it's a psychological sky is falling moment for shareholders here.

[catchascatchcan]

Agreed.  The fact that no insiders are buying is glaring.  I'd they lack confidence even at these levels, how is retails supposed to find any?  A buy-out would be worst case and dash dreams and lock in losses.  Hopefully that doesn't come to pass and we're allowed to fight for our lives at a minimum.   quote=CorruptedLushDr]At this juncture, holding this is

[CorruptedLushDr]

I suspect you are echoing the sentiments of all of us who currently hold this stock.  I'm not interested in a buy-out either.  But I also don't see any one major event here that will turn the tide (though I'd love to be wrong on this). Remediating their reputation by chipping away piece by piece, meeting expectations, pleasantly surprising from time to time, consistently

[sumpineh]

 I would question the certainty of your prediction.You may prove to be right but we are not talking about death or taxes.