RE:Scotia comments, expecting deleted from TSE MISLEADING HEADLINE - untrue
The headline of your post is very misleading. They are NOT “expecting to be deleted from the TSE” at all. They are “at risk of being deleted from the TSX Composite Index”. A delisting from the Toronto Stock Exchange is a lot different from being removed from the index.
As well, the author does state removal from the index has actually been a positive for some E&P in the recent past with their stock prices rallying.
Author goes on to say: “Despite the recent challenges, we believe NVA is attractively priced for a bet that the company regains the strong momentum…”
The review, though not outstanding, is overall not bad and a hint of positive going forward, giving the challenging environment.