RE: WTFMust be a fund selling over the last few days. I spoke with Paradis in investor relations today and there really is nothing by way of corporate development. company provided an update on production just last month and it was fine. Production is hedged through to the end of the year at $85. all the juniors were hit, but this is very unusual. NO buzz on the street of any cut in dividend, and there shouldnt be a need for one anyway. The assets support a much higher price, regardless of dividend.
COMPANY is going on road show in a week and a half, begining with Florida to meet with investors and get the story out.
I bought more stock today. This is not the sort of company that just blows up- many producing wells and an easy market for sale of assets. Analysts have NOT cut target on NAE, even though TD and BMO think that OTHERS like DAY are vulnerable. NAE is ok.
Shut off screen, unless you are watching to buy more stock.
Good luck to all.