RE:Robert Lauzon , Portfolio manager comments on AXL todayI sent this question in. Haha. Just in case anyone is interested if you ever want to get on Market Call use twitter. I've had 2 of my 3 requests answered and the one that wasn't was only because the guest didn't cover them. I think BNN wants to show how tech forward and hip they are by embracing twitter. Which is an issue as I feel most of the audience is not. If the debentures are converted at par then this will be over a 5 bagger. So worth the risk in my opinion on a bit of capital.
I think they still have significant shallow gas assets. If you look at the latest presentation all the orange blocks of land east of Willisden Green would all be in the Edmonton Sands. The latest divesture was unoperated shallow gas that didn't seem very economic unless gas was 5 dollars plus as the operating costs were 4 dollars. The previous divestures at Garrington and Ferrier were Cardium focused, so liquids in nature. Perhaps I'm missing a previous divesture?