Post by
foolandhermoney on Jul 03, 2015 12:06pm
Market cap
Just clarifying my earlier post, 2014 market cap as reported by Globe & Mail was $559M, not $559K as I wrote. This year's market cap is at $281M.
As for the share price today, my best guess is a lot of current shareholders are speculating that this will continue to slide so they are selling now and hoping to buy back in at a lower price. Very risky IMO, at some point the share price is going to turn around and when they all decide they better get back in it will skyrocket.
It is always too late to jump on the bandwagon by the time there is one. You've got to get on before it leaves the station. I bought an additional 4000 shares at an unbelievable $2.22 today making my ACB $2.87.
I realize a lot has changed between the Globe's ranking of last years results and the current situation but it is an even playing field for all oil producers. What separates the impact on the company's bottom line is how well the company is managed. As far as I am concerned, we have the best management team in the industry.
Comment by
robt1234 on Jul 03, 2015 12:23pm
Well said. And there is an update on the way according to an Altacorp analyst who talked to management recently. We have his thoughts on what it will lead to including his own likely opinion and reasons for it being the BEST value in the sector or maybe he said whole market.