RE:RE:RE:RE:Trican was 0.40 cents in 2016Compsy and others:
I have been following your posts for a couple years now and have appreciated all the input and opinions. I am a current shareholder, initially purchasing a small portion @ $14 a share near the end of 2014 and beginning in late 2016 I have been adding in greater quantities. Needless to say, this stock has been an extremely frustering hold but I have not and will not throw in the towel.
The year over year financial improvement of NAL and oil prices stabilizing above $55 are factors that keep me remaining bullish long term. However, where the share price is right now considering the two points i just indicated are jaw dropping. I would add more at these ridiculously low prices but my averaging down has reached a point where I just can't allow it to represent any further % of my portfolio. So it's a painful long term hold for me.
All that said, I think this stock will go absolutely nowhere until the following two things occur:
1 - The company annouces its plan to fund the debt due in the next couple years. The company has no cash on hand and its interest costs such a significant portion of its operating costs; and
2 - The company becomes cash flow positive. If you recall NAL's Q1 2017 conference call, Linda expressed a key goal of the company is to become cash flow neutral in 2017. In the last Q3 call they're wording was more political (i.e. they won't be cash flow positive).
I know you have posted a lot on the short interest in the past but even at $1.50 range, i was surprised people were still shorting a stock that had such Q over Q improvements.
What i find most upsetting about the last couple years is the fact that management has not provided any insight whatsover to stakeholders on the significant reduction in shareholder value. I understand comments about share price are not the norm but a slide of this extent with no commentary whatsover while oil continues to rise?!
Overall, the company has significantly turned around its results and I think the bottom as finally hit. Continued adjusted EBITDA improvements and generating positive cash flow may show that the company can generate income in a $55-$65 bbl of oil. I continue to remain bullish over the long term.
Worst case scenario is there is a reason why it remains a penny stock that only insiders know.
Keep the posts coming. while i never post on here, I am sure there are other investors like myself that enjoy the commentary from other shareholders.
GLTA!