RE:RE:RE:RE:RE:RE:RE:Shareholder revolt Obviously I dont KNOW you've been in this for less then a quarter. But from what you have posted, you have a slightly higher position in this this then the price on June 6th, which was 1.35. You posting history has predominately been in this BXE bullboard since May 22nd. So this is why I'm making that assumption. Obviously I dont know, and if I'm wrong so be it. But one thing for sure, is if you have a slightly higher average then 1.35, you've been in for less then a year, or you've been averaging down WAY to hard on a stock you dont know much about. You were bullish at 1.35, yet at 1.30 your losing your sh*t and planning to upend managment lol.
Yes, this stock "is dragging down investors since last few years now.". That is not company specific. That an industry wide reality aside from a handful of outliers.
Is reducing debt smart at the cost of shareholders? Depends on if intrest rates are rising, and whether they would be able to service the debt at those higher rates. Reducing debt for BXE is a matter of survival during the down cycle. Survival vs bankruptcy? I'll take survival. The rest you go on about is all assumptions. I have a different perspective about how BXE would be able to generate hundreds of Millions of cashflow should AECO prices start to be priced into the global average. At which point the recent dillution would be long forgotten.
Finally, you go on about how you would have sold if this stock wasnt at an all time low. Thats a very risky way to invest man. You could have been playing that game for 3 years now with BXE, and lost 90%. And lets not forget your only at a "slightly higher average" then 1.35. Thats called being stubborn about taking a loss, and hanging onto a loser. Thats not investment discipline at all. If you dont believe the managment can turn this ship around, cut your losses man. THIS CAN GO LOWER.
Good luck on your crusade against management. I have a feeling it will be a forgotten threat once your in the green after LNG Canada is approved!
Snowhouse wrote: How do you know I have been in this for less than a quarter? Only because I have started making noise now? Everything has a limit. This one is dragging down investors since last few years now. Do you call it a smart move when a company reduces debt by compromising shareholders interest? And they have reduced a small % of debt at what value? It's almost 25% of outstanding shares that they have diluted for a small % of the debt.
They will fix their BS by eroding SH value, and then pay themselves performance bonuses for putting the company in a good shape. My foot.
When LNG projects go ahead and Energy prices improve these crooks will show as they have killed so big elephant to bring the company in Black.
I would have sold completely out of this $hit if I get a better option, but not at lifetime lows. I know how to fight these crooks. And I am already in talks. Just wanted to see if others are interested. I am not afraid of fighting alone.
Sometimes you have to stand up against the management to tell them that they are not right. Especially companies like BXE where management does not own a dime. Crescent Point and Aimia are good examples of recent revolt.
Tweedlede wrote: I understand your disappointment in the SP performance in comparison to its peers. But keep in mind as the spread starts to widen, people will look for the players left behind in any LNG rally. The market isn't a perfect system. Particularly on small caps like this. Onto some of your points, I don't see what you mean by "BXE management has all plans in place to screw up the Shareholders". What in particular do you feel has been nefarious? Also as far as starting a grassroots petition to garner a "special meeting", with the entire thesis being to sell the assets RIGHT before a decision on LNG Canada will be made sounds a little short sighted. Although you mention "Selling them at lifetime lows is not probably a best case.". So I'm not sure why you even want to have a meeting. Is it to complain to management about the performance of a stock you've been in for less then a quarter? Come on now man. Sell your shares if you have no faith.