How does this saga end?Curious how others see this story ending. I'm a long hauler, I first bought into TWM on one of the early offerings in 2016 and have traded a bit. I have some bought at $1.40 and some bought at $0.40 (I'm rounding for poetic effect, but the true figures aren't too far off). My broker tells me my cost basis now is 1.001, so I'll call this a tie game at half time. The only time the company itself has been boring has been the last 12 months, when the share price was anything but boring.
I'd love to hear your scenarios. At this point I have so many shares that I couldn't liquidate my position without some kind of liquidity event, either being acquired or an offering or some major news. So I may try to trade the moves but am stuck holding this accumulated position for at least the near future.
The firstworld scenario: Pioneer transaction falls through, CRA comes calling to claw back mom & pops tax dollars, corporate HQ relocated to a Sylvan Lake trailer park
The valuguy scenario: Biden declares a full lockdown, civil war breaks out, all contracts void, oil drops to $40 for rest of year
fauxtomato scenario: They sell all assets without 'river' in the game for $600M, leaving them with Paddle, Ram, Brazeau and about $300M in debt. Rename themselves to 'Riverwater' as there is no Tidewater in view.