GREY:TMPHF - Post by User
Comment by
flintabatteyon Feb 25, 2016 10:41am
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Post# 24593913
RE:RE:RE:Morguard not buying any time soon!
RE:RE:RE:Morguard not buying any time soon!I have been forced into "long" positions on several oil stocks, US, CDN and foreign, for example BEX, BTE, and BNK, however I believe they can weather the wait for 4-6 years, my estimation for the next resource bubble to begin. IMHO, Temple can't last this long. I am afraid in Q2 you will see holders of the "C" debentures begin to sell, happy with close to $100, then the price will crater, everyone fearful of the due date and no source of repayment. Morguard will buy, but not until the debt has been reduced, and/or they will cherry-pick assets and it will become an informal bankruptcy.