RE:RE:Trican was 0.40 cents in 2016i think patience is importance here. i can think of quite a few oil stocks (like trican, cathedral, even pengrowth) that have come back from dire straits recently in a short period.
the cataylyst in my opinion, positive forecast for oil and overall good sentiment. more improvements in the coming quarter and some good PR would be nice to let investors know what newalta is up to.
i think tax loss selling makes lots of sense here. many held newalta at much higher shareprices so it might make sense for these folks to sell off if they have other winners!
i don't have a crystal ball so my guess is as good as yours, but i am confident that newalta will restore its brand and bring it back to glory. as long as they survived now, the tough times are behind them and they can now focus on rebuilding and getting back to positive financials.