Timelo investment... we are setting up for a great Q4Finally,Timelo is mostly done putting downside pressure on the stock.
Last Sept, they had 747,800 shares.
Last Dec. 503,500 shares.
This April 138,000.
Now in their last reporting they show 58,000 as of June.
They must be over or close to finish.
Can't believe that they sold at such low prices.
Yesterday, Akita was running 11 rigs in Canada and 1 moving.
In Q2, Akita ran it's CDN operation at 31%.They should double that in Q4.
I doubt they will pay down debt in Q3 because of the huge amount they took it down
in Q2 + the need for working capital to put so many rigs in service in Q3.
Q3 will be much beter than Q2 in terms of EPS but Q4 will surprise the few who do follow this
great but unfollowed company.
The undervalue is such that with a little more time, patient investors like me will
be rewearded with a huge increase in the value of their investments.
M.Monachello 12 month price target of $3.75 will be meet and exceeded
Nice weekend to all.
P.S. US gas price is now at $3.This should provide support to the shale company in the Permian