Post by
TonyDj on Jul 23, 2016 11:10am
It Doesn't Really Matter what Granger Says.Be careful.
This BNN is entertainment news.They have no more insight than anyone else.If you look at the charts in the last 2 years for 95% O&G look awful.Lets look at facts.While most companies were selling assets this one wasn't.While most were suspending dividends this one hasn't. While most were worried about Loan calls from banks this one hasn't.While most did not have anymore decent hedges.This one has plenty and the 2 PE backers who own the majority of the shares is a positive for shareholders. These short term money guys cannot short this stock that easy as it doesn't have the volume and if they are short during the dividend they owe the dividend amount they are short. You dont short a dividend paying stock.Maybe for a day trade but is too dangerous.