RE:RE:RE:RE:In a takeover whats it worth? .70c seems like a good price to me. Last year during the good times Trican was paying .30c per year worth of dividends. Obviously in the future and when oil recovers by December they will be much more careful with debt. Good to see insiders buying above $1 a few days ago.
Is this company going bankrupt? Is the equity going to zero? Not likely. They have dramatically reduced the cost of their operations and when oil turns they will make even more money then they did before.
I think the Saudi King gets overthrown and OPEC cuts production in December leading us back up to $65 WTI in 2016.