RE:RE:WarrantsIn news release, companies said what they plan to do with the Preferreds. I think they are breaking the terms of the Preferreds but that's only my opinion and it seems I'm virtually alone in my view/thinking.
If you are asking about the Price of the Preferreds, they are going up in my opinion. So many reason as to why:
1) If there's value left in the Commons then there's Value in the Preferreds as they come first.
2) Now Cenovus Equity will be added to backstop the Preferreds
3) Huge value, Yields are still sky high providing $$$$$$ crazy CASH in the BANK
4) Possible large volume of SHORTS outstanding, possible SHORT SQUEEZE coming.
5) Possible Redemption for $25
6) We are sitting at "Effective Lower Bound" on interest rates. Basically going up from here.
All just my opinion.... I added more.... and I'm moving more cash in place to ready to add more. VALUE just too good to ignore.
Shazam57 wrote: Almost a complete noob here and yeah I'm talking about myself lol. What do you think will happen with the other prefered shares as they aren't all equal? I have only the basic common share.