RE:Cyrus Capital likes to get paid?After watching from the sidelines for a while I bought some shares today. I probably could have been a bit more discerning in my bid price but I always seem to lose out in the long run when I try and save a penny here and there on the entry price!
I am hopeful that Cyrus treats us fairly.
Downside scenario is that PNG doesn't happen the way we all would expect and that the cash gets squandered in the process. I put this at a 20% probability at which point the business trades for $0.75 (possibly less depending on how bad things get).
Upscide scenario is that PNG goes in the direction some of us would expect and that HWO is able to retain market share and charge attractive rates for sticking this out. I am not expecting HWO to ever trade at a premium price but could see this at or above the previous price range of $3.50 to $4.50.
Let's see what happens!
LR