RE:RE:NBZThat was different time. oil was quite up and company was making good money.
I ask you the reason why stock is not doing as good. Even enviornment is favourable for stock.
1) Good hedging in 2017. 2) Debt little high but maturing in 2022. 3) Reserves are slowly depleting. 4) Their 75 % credit line are not used. 5) Current ratio is 1.81.(6) Good divediend. 7) Announcement of Keystone XL pipeline is favourable news for heavy oil they have. 8) They are in positive cash flow.
In my view that is only reason i mentioned in my last post justify bearish trend so far.I believe should bounce high in driving season.
pierrelebel wrote:
Playsmart - "Only around 30 % stocks are floating for trading is the main reason that stock is not bumping up."
Actualy, if you take a look at 2014, the shares were trading in the $14 - $18 range with the same 30% float.