Analyst comment on SPEJohn O'Connell on BNN Market Call Tonight on SPE:
This is going through a transition. They made a massive acquisition. It was a good deal and paid a fair price for it. Thinks it is chewing through all that stock that is probably being recycled to some extent. There have been small-cap managers selling, and mid-cap/large-cap managers that have been buying. It is in great financial shape. The correction is because it is trading at a rich valuation, being such a well-run company. It can grow profitably at these prices. A lot of investors are worried about Mr. Trump and whether he will introduce some border tax. Doesn’t think he would do it as the US refineries need our crude. Starting to look very, very reasonable to him, and at these prices it looks like excellent value.