Post by
Energyuser on Oct 16, 2023 1:29pm
What Strathcona got
What they really got was PIPE's free cash, just flowing in, with low debt. It will pay down Strath's debt, but not come out to the little shareholders. Just a big benefit to Watrous. Years until the share price grows.
I said last month we 'd get $28, somebody else said, oh no, we'd trade at $33. I offered my shares then at that price... silence
And now... looking like $28 coming.
Comment by
tylerreddick on Oct 16, 2023 7:31pm
Once all of the pizzed off PIPE shareholders who want to sell have done so, SCR might surprise some people.
Comment by
Energyuser on Oct 17, 2023 3:29pm
Think you'll live long enough?
Comment by
uncutgems on Oct 18, 2023 11:35am
pipe was just a fast way for waterous to go public. it;s around 10% of the total cash flow if that. pipe shareholders took the pipe. that's Alberta for yahhh....if you aint in the old boys club you are out.
Comment by
filefish on Oct 18, 2023 11:48am
Strathcona seems to epitomize the "old boys club". They got the money too. I am on board with STRHF.