GREY:SGLRF - Post by User
Comment by
power_auditoron Aug 15, 2014 12:03am
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Post# 22844983
RE:No leadership
RE:No leadership....linus4...getting into a mgmt bashing board does not help you,me or the company...the best course of action from my perspective would be for the CEO to explain exactly what is going on at Dixonville....Is the problem there so problematic that it has made one dividend cut necessary and the ideal/opinion that another cut is being "whispered" about? MacQuarrie Research...
Just like with all the other companies that have littered the hwy of "investments" over the yrs in Canada and the US.......What investors do not know is what will destroy their "investment".
The Cessford wells have produced great returns so far.....950 boe/d....for one well....combine these numbers with what the (old)Dixonville was producing before the "problems".....and the NAV might attract a better valuation from the street.....remember Scotia believes SGL is worth a "buck"!
Sometimes it is bantered about that all these ratings would be much more "positive" or "higher", if some offerings/bought deals were thrown around....just saying....and I hope mgmt does not go down that "highway"....at $1.66 or even $2.66.
Just a few thoughts.....glta
****for the record I am not a happy camper with the dividend reduction,especially in the way it has come about***