RE:RE:Meg down big compared with all the other energy stocks...There is presently zero interest in oil sand stocks by the generalist investor. Weakness in the stock occurs from scared traders who can quickly push the stock down when oil price falls. The best way to reduce this volatility is to keep buying up their Sr notes with FCF. Its going to take about 6-9 months, but once these are gone, they will be able to initiate an NCIB and dividend and the volitility will not be so extreme, regardless of the lack of investors.. (All contingent on relatively strong WCS oil prices for that time period)
Fuzman5902 wrote: Nope none @ all, other than because they can.
Think of it this way with wcs trading @ $ 60 they are making somewhrere in the neighbourhood of 850K a day.( I didn't do the math but it's close.)
With a very slight increasse in wcs & narrowing differentials into 2022 multiply that number in excess of 3, that's why I'm here.
Regards Fuz