NYSEAM:PLX - Post by User
Post by
Maxmoeon Feb 21, 2019 8:26am
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Post# 29392515
Big build up by major shareholder
Big build up by major shareholderRarely is this a warning of bad news coming. Sometimes they get it wrong though. Seymour Schulich is a pretty capable guy but so far he has not done well with pengrowth for example. In November and December the entire oil patch was being circled by vultures. Now, with the rebound from $10 in wcs, the patch is being circled by sharks. There are dozens of super undervalued companies for the sharks to gobble up. IMHO, buy a little basket of them, there are lots to choose from. It’s cheaper ,when risked, to buy than drill. Smart buyers like buffet and encana are just the beginning as long as oil stays over 40 for wcs.