GREY:SGLRF - Post by User
Comment by
power_auditoron Jul 18, 2014 1:32pm
344 Views
Post# 22760269
RE:RE:RE:RE:Let's see/read what Bill Bonner
RE:RE:RE:RE:Let's see/read what Bill BonnerJust to keep the "balance" flowing here...Andrew McCreath/BNN has come out with his "theory" on Nat/Gas prices going forward.....lower....because US power demand/consumption is down due to the cooler summer weather they(USA)....maybe Ontario as well... are having. High storage + Less demand = lower price for the fuel and therefore he has come out with a very small list of Cdn producers that "might" be most affected...and there we are on his list...along with cqe,bir,tou,sgl,bxe,tet,pey and cr.
Whether or not he or his HedgeFund will/are shorting these stocks is something left to specualtion as I did not hear him come out and say he has gone short here....but....and this is just my opinion....he has gone short Nat/Gas.
Interesting that he(Andrew) would put such a small fry like SGL on this list....I wonder who dropped our name to him? Seems out of place in my opinion....but then he runs a HedgeFund so his circle of business insiders might be large and news or opinions on a stock probably move pretty quick.
https://www.bnn.ca/Blogs/2014/07/18/Hesitant-but-stabilized.aspx
The upcoming ex-div date might give us a penny or two but probably the Q2/14 results in Aug. will be the mover....How much of Dixonville is now back on-line and what did the shut-down cost the company in loss revenues and how much Cessford has made up of the shut-down loss? Going forward a re-rating of the stock should occur if Cessford and Dixonville are both up and producing. Just my opinion. GLTA
***Volume is pretty dead here lately...if anybody is still following the short position please post if possible. TIA