Post by
Lindainvestor on May 17, 2021 11:06am
Strategic
I really believe now, that they are trying to keep the SP low. The CEO did talk a lot about strategy, he mentioned that word a couple of time, that's also why they hired Mike Reeves. I think their future step is Stock buyback, now that they know how much capex is needed and that they have paid off some debt to fix the balance sheet. He did mention all this at the Q4 meeting!! So.... I think it will be a low SP for a while and once the share buyback is done coupled with news of new contracts, maybe even news of dividends, it will up very quickly.... anyways , I think this is a good strategy...
Comment by
Lindainvestor on May 17, 2021 11:27am
Does anyone know whether they annonce share buybacks before or after it has been done ?
Comment by
Nothingmatters on May 17, 2021 12:09pm
I dont think that there is any strategy to keep the sp low. This stock trades in a pattern. It will suddenly go berserk, then go back down then suddenly after a few months, obviously when conditions improve makes new highs.this stock has 10 percent moves. So sit tight.
Comment by
Nothingmatters on May 17, 2021 12:10pm
This is my opinion only. I might be shooting in the dark.
Comment by
Maxmoe on May 18, 2021 1:02am
Possiblebooboo second bullet. How is an NCIB used to raise cash? The company uses cash to buyback shares.
Comment by
Possibleidiot01 on May 18, 2021 6:19am
You got me ; was easier to cut and paste Investopedia . Did answer lindainvestor question
Comment by
Maxmoe on May 18, 2021 9:33pm
That was nice of you but dont forget "Linda" might be a 300 lb janitor dude from Kalamazoo. LOL.
Comment by
Lindainvestor on May 20, 2021 2:37am
Ya I saw that!!! Since we are here assuming things, I could also but a 6 feet tall Russian blond model!!!
Comment by
Nothingmatters on May 20, 2021 4:14am
Lmao, good try LINDA. I dont think possible idiot is actually an idiot. Lol
Comment by
Lindainvestor on May 20, 2021 7:00am
It wasn't intended for possible idiot it was intended for Maxmoe, but anyways, let's stick to SCL!! ;)
Comment by
Nothingmatters on May 20, 2021 11:16am
I sold 4000 of the stock and bought more Athabasca oil....Highest upside in the coming days...
Comment by
Nothingmatters on May 20, 2021 11:20am
It was my opinion only...
Comment by
Maxmoe on May 20, 2021 10:21pm
Enjoy your time over at Ath. I'm going to take a nap here. Let's see how they spend all that cash. Wake me up in a couple months at 7+.
Comment by
Nothingmatters on May 21, 2021 11:50am
Still have a little but left here. Will add more with the profits from ATH and ESI. I had 10000 shares down to 2000 now
Comment by
Anthony13 on May 21, 2021 11:59am
Smart move. This seems like it's in no mans land until next quarter. Cannot get out of the $5 range. No news releases. This things is like a turtle but will eventually get there.
Comment by
GABY51 on May 18, 2021 8:05am
VOIS TU LE TITRE A 12$ A LA FIN DE 2021