Post by
Snowhouse on Jun 22, 2018 11:02am
Energy Index up 3.5% and BXE in RED.
No Wonder this stock does not follow the positive news.
The market reacts like this is the only stock that has debt and going BK tomorrow.
It is very prominent to see that how someone selling nonstop at 1.34 just to keep the price in control.
Hopefully, we see some rebound next week.
Comment by
Tweedlede on Jun 22, 2018 11:37am
Keep in mind, because the company is leveraged with debt, this is the same reason it will rise so quickly if the price of gas starts to shift upwards. Its a game of chicken between AECO prices and Interest prices at this point.
Comment by
Snowhouse on Jun 22, 2018 12:21pm
I am so jealous of some of the NG stocks today.. almost 10% up. wow..
Comment by
Snowhouse on Jun 23, 2018 1:33pm
Looks like market was already aware of more usd notes conversion coming up. Bxe didn’t up a cent while other NG stocks had one of the best days in recent years. Now if Oil price retreats then BXE would be #1 in commencing southward journey. What a disaster.