RE:RE:RE:RE:RE:RE:RE:RE:There Could Be An Upward Surprise
FYI...naked (I believe that's what you mean by blind) short selling is illegal (outlawed). It does still happen but I don't think in this case with only 10% short it is likely.
My personaly theory is that this stock is struggling due to:
-future expected oil prices are significantly lower than today's
-oil sands out of favour
-a lot of uncertainty surrounding mangement's capaibilities and their lack of meeting goals which they had stated early on
-challenge to find JV partners as a lot of oil sands assets for sale and other opportunities making it a buyers market at this point
-ability of management to use the $1.3b in a way that will maximize returns
There is a lot of potential here but at this stage that is what it is. Definitely seems like the assets + 1.3b should be worth more than today's price. Potential return if they can get a major JV partner and execute well could be exponentially higher than todays price.
The big money manager's would rather invest in proven management and companies that are already executing well at the risk of lower long-term returns with the goal of protecting clients investments.
Watching day-to-day on this one isn't really the way imho, not many buyers out there at this point; should get a bump when the AB government approves the project and the put option is in place.
C.