ConfusedHaving listened to the Opti Post cast from June 23rd, it would seem that the project is not only a home run but a grand slam.....The question now, in my mind is, if the $1.80 is correct how could Opti Canada screw themselves over? Teck Cominco got the Fording coal acquisition horribly wrong and they have just been upgraded to 23/share, this from 3 back in march.
What am I missing? Opti can make money at current oil levels, debt is excessive, there is much worse out there, yet if the $1.80 price is correct, why are the banks or hedge funds hammering them so much?
In my opinion, after listening to the potential kool-aid on the pdocast from yesterday, the stock price is grossly undervalued even after 4 dollars. Thinking back, opti did squash the rumour/run from a month ago when they commented on the rumors about a possible buy out, then there was the TD trader(s) who leaked that rumor.
Is it me or does something smell fishy? Someone enlighten me or b&tch slap me back into my chair....