RE:500 share block trades
I would think it's the auto trading, if it was delek they would have to report any trades as they are insiders, and yes individuals and companies have to report all trades if they are insiders, but hey, crow can believe whatever tickles his feathers, if he has any left.
ert quote "Any good news with regards to this project will spark a violent reversal"
wow do you ever have your head in the wrong place, did you not just see petrofackup just update that they were on schedule ???? the stock did nada, zilch, zero!!!!!!!!! get it, the market could care less if it's on time or not with oil prices at these low levels. none of stella's production is hedged, you people just don't understand. the price of oil is the olnly thing that will move iae, besides a small blip at the end of tax loss season probably.
gowronggetkko, lmao. if you don't wise up you are gonna go broke real quick. my loss was a penny on that trade and it was rrsp so no loss to worry about for trading. hope you have some gains elsewhere to make use of this worthless paper you gonna be left holding.
delek takeover, i doubt it. here's a scenario for ya. now that delek has board members and are on the inside they know exactly what's going on. if oil doesn't recover enough for iae to make money in the next year or so they are in a position to make a deal with the banks, if iae can't pay or continues to break covenants, to take over these assets for pennies on the dollar with no debt and iae shareholders and senior note holders getting squat. on the other hand if oil recovers enough to make money delek does ok as it is, either way by doing what they did they can take advantage of the situation
rsi can stay extremely low for a long time in situations like this and in a lot of cases will drop to 0 like a lot of energy companies share prices will in the next few quarters without a significant recovery.
chee
cheers ferret