RE: Thursdays action!!!!!Agreed!
I think that SXL does need a good drilling program to confirm the asset value to at least double the current $5 million. The drilling program will do this. Hopefully quickly...something Taylor does not understand. Then look out for Tech to have a run at this. They have the cash ($3.1 billion), and spent $400+ million on oil and gas last year in Ft Mc Murray. Tech have been around NB and I'm sure that they , SXL, would start discussions with the likes of Tech. The Jap stock market has recently gone thru the roof, and they are now cash rich...this means they can now act as "bankers," and they have been looking around NB as well. SXL can not do this on their own, so they need a partner, and cash.
Look out for a change in the board...and about time too!
Bottom line is by doing the math the stock should be now at the $1-2 range: so we can expect this in the short term, and $5+ in the long term. So stay long, attend the AGM inthe summer, and get rid of the highly ineffective board and senior management! {Geologists have a great skill of looking for work, and that is all that Taylor can do. That's why he and the board need to go: they have not the first idea how to build value to the stock holders! }
I am still long...and have been for a few years now!