OTCQX:MRVFF - Post by User
Comment by
consultant99on Jan 12, 2016 6:13pm
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Post# 24451749
RE:RE:RE:Split not Spin-off
RE:RE:RE:Split not Spin-offOne thing to keep in mind - when these Einsteins did the Horizon deal the Canadian dollar was around 0.95 US; the drop to 0.70 was a gift that came about unexpectedly with the drop in oil prices. That equates to 36% of current earnings!
Easy come easy go which is why smart companies that export are starting to serious look at long-term hedges to lock-in these windfall currency levels. You never know when you might wake up and find out OPEC has decided to cut-back oil production again.
I agree the hand is already above the thigh...it must be getting pretty crowded up there