GREY:LSTMF - Post by User
Post by
PUNJABIon Dec 15, 2014 6:22pm
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Post# 23233049
No Buyback
No BuybackThe share price is full dependend on market froces under the control of short sellers. Potential of short sqeeze gone.
Big dividend, capex & production cut. Which was expected. The company has gone into full survival mode. The compnay is getting ready for weaker oil prices & for a longer period of time.
The company will survive.
The sale of assets under present market conditions do not make sense. It is a bad time to sell when lot of depressed assets will be flooding the market & will be liquidated at rock bottom prices.
Companies with buying ability will benefit from the present market conditions & sellers may destroy themselves in these depressed markets. Hope they do not do something stupid by liquidating asset at rock bottom prices.