Post by
HigherBuyer on Jun 22, 2017 3:53pm
New All-time Low!
Well, we hit an all-time low today for ths stock. Never before in it's 25+ year history has the company seen this low a valuation. Ever! Obviously management has messed this company up in a big way. No vision or leadership. Finger pointing from the CEO while he rants and throws tantrums like a child. What a mess. Worst management team ever. Self serving CEO. From $24 in 2014 to $1.56 today. I feel sorry for staff who believed in this company and lost their life savings! Do they have enough cash to withstand another two years of $40 oil? Will the competitors pay a premium on an acquisition? Structural changes to the industry wrt carbon and waste management indicate their market is gone forever.
Comment by
lastbullrun on Jun 27, 2017 2:15pm
These are the moments fortunes are made and lost. I believe they will be back. IMO
Comment by
compsys68 on Jun 28, 2017 10:44am
Volume is up....there guys are not going anywhere, it might be a longer hold then anticipated but they will be in the 4-7 range in the next 18 months. IMO
Comment by
Catcher17 on Jun 29, 2017 10:58am
I had to exit my position a while back. I have been looking for signs of recovery but remain concerned as they need Oil above $50 and they are trending reverse to competitors such as SES. They have desirable assets including long term contracts with Suncor, but this may take them down a different path unless a quick recovery is looming.
Comment by
EstevanOutsider on Jul 09, 2017 6:39pm
I drive by their Halbrite location near Estevan, SK regularly and it continues to appear as if they are becoming busier and busier. Most of their work is in Alberta so I can't witness that, but Newalta has a great reputation and I would back them with my money. Right now considering adding Newalta or Trican this week. Newalta appears to be a great deal at these prices!
Comment by
compsys68 on Jul 14, 2017 10:07am
Could be, there are a about 7-10 of large steak holders that control about 60-70 % of the shares so they would need to be on board. The current price certainly doesn't reflect the reality..... but then when does this ever look like reality.