RE:New deal not doing much for SPOf course its NEGITIVE....Company has huge debt, highly leveraged, just reinstated a divy and now making acquisitions on market highs is a recipe for disaster. This is just like 2018/2019 when VET was a table pounding buy at $35, history will repeat its self. Dont listen to the noise, this will never see $50-$60 again.
prested wrote: I wonder if the new deal is veiwed negatively in the market or whethet today's drop of $1.35 is a reflection of the TSX which is down about the same amount (5.76%). For those who thought the compnay should pay out some of its excess cash in dividends this may be a disappointment. For me anything that will strengthen the future earning is welcome and more reserves were a small concern until now.
I have no problem with the board and management decisions and hope they will be accretive for long term holders.