RE:RE:Sell Order Target price of $3.00 is not rocket science. It is implicit in what Cenovus is really paying for HWX stock and warrants.
To answer your question: it will take a long time to execute that plan. And if it does not work out well, the cash hoard will be history.
So if you do not have confidence- faith really- that the plan will realize as planned... then cashing out on the stock price rise fueled by hopes, makes perfect sense.
And $2 or just over is the point that makes sense to do that.
GoJerez2 wrote: Besides taking some premature profits....why would you sell when the execution plan is just starting. They are expecting to end 2021 with 8500 boe/d from 2500 and the float is tightly held?
cashed up with no debt