RE:RE:RE:RE:GCG now operated and owned by Americans...cpeczek wrote:
Here is hoping they shape up GC then spin it off down the line. Gamehost must have some smart money looking into acquiring the properties considering the oil price turn around but the tight insider ownership may scare off potential bidders. Great Canadian was sold out by their institutional shareholders looking for the quickest profit possible. Gamehost would be a tough sell. The share price disconnect could be solved in early Nov when summer results are released (which will be phenomenal). Too many income investors avoiding it, institutions not interested because of the size and Kenney's reversal is making people second-guess.
Institutional money has been avoiding Alberta since Liberals took govt and during NDP were voted in provincially. Exposure to energy has been the deterrent for investors. When commodity prices recover and remain at $75wti and $4mm/btu, the headwinds eventually become tailwinds and Alberta prospers. Nobody wants to believe it but the recovery is already underway.