Demand destruction: Listening to the bigger players in the industry should
give us an indication of health of sector. Even though
Tuscany, doesn't play in the same sandbox as most
of the Calgary based oil services companies.
Many here, have commented, that Tuscany is an
undervalued asset that might be acquired at premium?
Arbitraging buyouts is a dangerous game. In the
case of Tusk, it is "call" option with a deteriorating
timeline. The debt issue is looming, and unless
Tuscany can resolve the issue? Why should any
other major jump to the rescue when they have
problems of their own? Tuscanys weakness is not
only a reflection on itself. It is a reflection of weakness
across the sector. The weakest stocks in the weakest
situations always get discounted the most.
On the positive. I do not think Walter Dawson came out
of retirement to simply shine a seat in the CEO's office.
I do not think he cares what wildcatter Risky thinks about
the situation, and either do I. If thinks he is making friends
and influencing people by his agenda to push shareprice
to .11? He can check to see who finds his posts useful.