RE:RE:RE:RE:RE:Do beat me up....lolNo Raven, too be honest I would never short CJ because always that remote 5-10% chance CJ get's taken over at 5.25-6 range.
And the bigger reason is I am long oil stocks.
I think CJ one of the few companies that would accept a take over if the acquiring company had attractive shares. In that price range of 5.25-6 I think it would get done. Enterprise value is fairly decent at 5.50.and the acquiting company likely has more attractive valuation then CJ.
Management of say Surge or Obsidian or others would not want to be eager to deal in a take over at their current range. But CJ has a decent market cap at 5.50.
But can the plan over the next five years be to really be a 20,000 BOE divy payer lol?
Either CJ gets bigger next year and buy smaller company or merges with another to be bigger.
Easier to pay a reliable divy being a 60000 BOE producer then 20000.
Probably more examples then this but take IPCO.
They are 7 bucks. If they were to offer 0.75 of a share (BIG IF) but if they did CJ should accept that (with a kiss, lol). It's only worth 5.25 but long term mergers like that would create more value for CJ holders.
I see some kind of scenario like that playing out for CJ. Not necessarily IPCO but something similar.
Why I wouldnt short bro...
If I was a shorter...I would short a 250,000 shares of ipo at 2.20-2.25 and sleep very well at night.
raven16 wrote:
Looks To Me That kavern23 Is Shorting Our Stock For Pennies, Not Going To Get Rich That Way.lol