RE:Bleak doesn't do justice
Early snowstorm which caught many flat footed. Look, to those who want to be market timers, hot shot traders then I guess u need to play the pot nonsense. Sounds like the next 2 Q's will b difficult BUT that obviosly has been priced into this stock especially. What is not in the price is the potential for a major natty gas spike in the US which will drag AECO prices along with it and further deplete cad gas inventories.
I like to buy low and sell high. I dont buy all at once but build positions which in some cases can take months/years. The bears have sold down this entire sector believing no pipelines would be completed..ever, no LNG export terminals, NAFTA being destroyed and the Libs would continue to have a boot to the neck of the energy co's. Every one of those redic points has now been refuted and you are left with a sector which has the lowest multiples assigned going back to the early 1980's!!!
I built a size position in Trican for the 1st time in late 2015, from .65 down to the low .40's I had an analyst who covers the stock tell me off the record that the company was headed to bankruptcy. The group-think analysts were wrong then and they are wrong now.