Stavely Minerals Ord Shs T.SVY

The Duck of Leduc:

[jackpinesavage]

Savanna continues to get trounced as negative noise
repeats old news. Sure the oil services are
expected to take a beating if the price of oil stays below
$50 for a prolonged period. We are seeing North American
projects curtailed , and that will certainly affect all of
the services companies.
John Stevenson's assessment of Savanna seemed biased
as if he was talking his own book. I didn't agree with him
completely but, regardless. The industry has too many
operators working the same sandbox . This environment
is perfect for consolidation.
IMO Management at Savanna underperformed even when oil
was at $100/barrel. I expect the doornobs to cut the dividend
following others that have already done so.
It is no wonder we drip lower when we get very little communication
from management. I would like these sluggos to come out and
say the company is exploring strategic alternatives. So far, they're
shell shocked in hiding. SVY is very over sold by comps to the
peer group. They need to be proactive to avoid becoming the
Duck of Leduc.