RE:Can you afford
If a buyout happens - it happens. I for one would prefer it didn't. Right here at $60+(C$) SCO COS is above water. If oil appreciates $10 (C$) ($7.5 US) it add $370 million to revenue with costs about the same. COS could easily at least double their current dividend which costs $96 million per year. At a 3% yield 33 x .4 = $13.33 stock price. Thats more than a buyout would get.
One reason COS doesn't have all the cash Suncor has is they pay it all out on dividends. They have paid billions tha last few years. Thats the reason to buy this stock. You can amke a killing on the future dividends. I don't want a buyout.
That said its pitiful the way they move this stock around. I was forced to sell yesterday when they moved it up to around $7. Now 3 trading hours later they have droped it 10% with oil down all of about a $1.50? I'm just not shocked anymore at what they do to this stock.
WTF is this stock a fricken internet stock? ZOMBIES trade this stock. Buy at $6.99 sell at $6.35?
Who makes money doing that?
This guy has been spot on about oil prices all along he is worth a read:
https://seekingalpha.com/article/3516836-why-goldman-sachs-is-dead-wrong-about-20-per-barrel-crude-oil