RE:RE:RE:RE:RE:RE:RE:RE:Shareholder revoltTweedlede, Thanks for the debate.. Appreciated.
My average is much higher than 1.35
I was not an active poster here before the recent dilution. I am not very much concerned about the day to day price movement but I do care about my investment at the end. If BXE was just fluctuating like any other NG stock then I would not have frustrated so much. But the guys here are dropping like a stone and they are diluting at the lifetime lows. They already have a history of R/S and dilution and the results you have already seen in sp. I have been in this market for more than two decades and one thing I know for sure that once the stock price fall they do not go up in the same way. Never! Ever! Even if NG price of AECO would go up 5 times in coming years you won't see BXE reaching half of what it was before.
If they would keep doing public offerings and debt conversion at this pace, they would survive but not the existing SH. A death spiral would keep drilling down and down.. Dilution < Low SP < Reverse Split < More share issuance < Dilution <<<<<
I do not have personal issues with BXE management. In fact, I had a lot of faith in the company because of which my portfolio is overweight on BXE. In the end, it is my fault to put a lot of eggs in one basket. I hope I will see a good time to get out of this with a minor loss or break even.
Good Luck to all.
Tweedlede wrote:
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!