Post by
Hendrick3 on Oct 03, 2019 4:29pm
National Bank maintains Hold rating and 75 cents target
What are they smoking at National Bank? These revised ratings came out today. Are they suggesting there is enough to go around such that there is a premium? Does anyone else have that perspective? I guess that equates to about 6 cents pre split.
Comment by
Chris007 on Oct 03, 2019 7:09pm
Maybe it has something to do with National Bank being the companys Investment bankers (looking back at old new releases, NA and BXE seem to have a pretty long history). it would be highly unusual and unlikely that an investment bank would shite on long term clients and kick them while they’re down... They also are/were a part of a consortia of lenders to BXE
Comment by
Equalizer on Oct 03, 2019 8:09pm
imagine going bankrupt and receiving 15 million in financing
Comment by
Hendrick3 on Oct 03, 2019 9:43pm
Thanks for the insights. It’s sad that these types of investor reports are allowed when there is such a lack of independence.
Comment by
Don2018 on Oct 03, 2019 9:58pm
I used to deal with them, and IMO, their energy arm was simply in over their heads.