Post by
HansProPicks on Jan 31, 2018 12:25pm
Where's the expected "Pursuing strategic alternatives"
There's no reason for the price to be where it is. Cdn small and mid cap oil and gas are clearly in bear market territory however, given a dividend of 12% or so and the fact that differentials have no where to go but in a positive direction, why the continuous selling?
I think it's a fund selling out. Once they're done, the stock should recover quite a bit as long as they don't make any rash decisions like cut the dividend. Keep the dividend, wait for the markets to turn, look at alternatives, and look for a dancing partner to sell out to.
If they are going to cut, I'd like to see a share buyback to put a floor under the stock. 10% daily losses on no news is a bit ridiculous.