RE:RE:RE:RE:RE:RE:RE:RE:RE:BOOK VALUEMight be a possibility. That being said, I wish management would just get the damned thing done, already. Interest rates aren't going any lower.
Moemoney42 wrote: To add to this discussion the debt restructuring could provide a better entry point as possible dilution could be part of the negotiation to complete the overhanging issue.. ?? Food for thought.. Moemoney42 wrote: I agree fellas.. taking a position or adding today would be a good move for someone still underwater to bring down that ACB.. to each their own.. good luck..
riski wrote: Just taking a moment to acknowledge a good post as I don't do it enough. This is smart investing. The temptation to hold a losing position and "win back the money" is strong, but often we would be better off from a tax perspective selling to take the loss and riding something else.
And let's face it, all these CAD O&G stocks are going up a lot if oil is really going over $70 this year.
Chris007 wrote: I take a contrarian view to this...if the guy is in at a price over a bucks, he's been stuck in this stock, literally for YEARS...talk about opportunity cost
If you are still down over 50% after this last rally, selling isn't that terrible of an idea, especially if you hold this stock in a regular cash account, rather than a tax sheltered account, where capital gains and losses apply. In this current market environment, with the stock market booming since last March, due to the huge amounts of COVID stimulus being pumped into the economy, surely, you will have other winners that you can apply the capital losses against.
If you hold this in a tax sheltered account, tough luck, perhaps sticking around would be the better solution.
fellowship wrote: If you got into this at $1 you still have time to either double down or wait.
No reason to have a loss with the stock. I am not disingenuous. GLTA