Shoreline Energy Corp SHGCF

Dead company??

[1condor]

Rising commodity prices and yet SEQ continues to fall day after day. A 40 to 50 percent dividend cut soon which of course will take the stock down with it.  This company is a disaster.

[DonEgon]

Did you read the Q2 financials?

[1condor]

yes I read the finacials..unfortunately finacials dont matter any more. The "market" will dictate where SEQ goes..and right now they are driving it into the ground. The company can not..and I will repeat..can not sustain this divy. We all know what happens when the divy is cut right? This stock has a long way to fall yet. I really dont have an issue with company..but feel that 2.50 is in

[DonEgon]

And from what oracle you take that knowledge that the markets do not care for the financials and just driving it into the ground? Looks for me you are just still short and you try to hammer the stock. The share price decline was the result of the poor development of NGL-prices. In Q2 they had a price of 1.81, but still a quite good income. As they sold a huge portion of the production for the next

[1condor]

I am no longer short the stock as of this week. Now onto to another victim.

[robert1229]

Better news now, and I had noticed in recent weeks that the price of SEQ has firmed along with NG pricing.    I regret not having noticed the 21 November news last evening.  I might have tried to get back in around 3.85.  At the moment, the offer price is 4.24, and I am reluctant to pay that.    Sir, are you still in this name?   Robert

[DonEgon]

Numbers of the company already before last news release were getting better. For months we have seen the share price for NG-prices of below 2 $. This was a good chance to buy. Currently we have prices above 3$ and a good portion of the prodoction secured at that level. The news release from yesterday might make the story even more positive.

[DonEgon]

And yes, i am still in.