RE: RE: RE: spudSeaview is 5 cents above a 52 week low, about 6%.
Exall is 70% above its 52 week low. Still over 60 cents above the low. Both companies were at these lows around October and both hit highs a few months after that in December/January.
If Exall went up 60% it would be around the 52 week high, very similar to seaview.
I think the biggest difference in stock performance is just that Exall popped higher (hitting $2.50) and Seaview just never went that high. Exall has come down more on a dollar basis, but if you're looking at a percentage, it's not that much different.
What this tells me is that both have come down just because of poor market performance as a whole. Neither has done anything especially bad, but the market has just been horrible.
However, it also tells me that the market sees more potential in Exall. It's heavily oil weighted right now, and will continue to be heavily oil weighted. Exall is a cash cow now, and will continue to be a cash cow. Seaview still has to make that happen and hasn't yet. The market isn't convinced that Seaview has that big potential, they're more convinced in Exall's potential.
Seaview has cashflow from gas assets, and they need to turn that into results at Wapiti. If they turn it into results, then they're in a good spot. But they haven't turned it into sufficient results yet to convince the market, otherwise Seaview would have been the company that hit $2.50 - but it wasn't - Exall was. Seaview didn't hit such a peak because the market has never been as impressed by its potential (not yet) and did not get as excited about it because of that.
Seaview may have some value there with a market cap of 65 million. Exall is the better company, but for 65 million Seaview is pretty cheap. Everything is worth buying - for the right price. I'm going to look at Seaview's Q1 and figure out why the market was so disappointed.