TSX:HSE.PR.B - Post by User
Comment by
onec007on Aug 27, 2019 12:20pm
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Post# 30070364
RE:RE:RE:RE:Investor Complaint to OSC regarding asset sale to LKS!
RE:RE:RE:RE:Investor Complaint to OSC regarding asset sale to LKS! @cardboard: You're absolutely right! Algos are decimating the entire sector and other O&G companies definitely do not deserve to be trading at multi year lows i.e. CNQ, CVE, IMO and SU. Most are in way better shape than 2016 (debt level is much lower with the exception CVE), but they ALL have reduced their break-even cost significantly.
What is absolutely frustrating is that the market is trading SHOP and estimating their sales 2-5 years out in the 5+ billion range and giving it such lofty valuation while destroying the resource sector. If their is a recession SHOP will also suffer.
LKS should just take it private! Even thinking that $10ish was a steal turned out to be still grossly overpaid so frustrated that the market simply hates this sector for years now. LKS buy HSE at $15.... just do it!