Post by
EstevanOutsider on Sep 23, 2024 10:48pm
Added today after listening to Waterous @ Peters and CO
basically, the most compelling part is how he wants to bring up the trading liquidity which he recognizes as hurting the valuation. his target is the TSX Composite Index which will create passive index buying. Thinks he can return back to the LPs in his fund over the coming two years to accomplish that. Doesn't see M&A via share issuance given the depressed trading price and won't take on more debt from the current $2.4 billion. growth capex funded down to low $50s. plans to rambo up production as 38 years is too long of a RLI in his view.
Comment by
Seppelt on Sep 23, 2024 11:50pm
I didn't listen to Waterous but added more today at $27.05 and $26.60. The plunge in oil prices shortly after the company announced the dividend has caught the management by surprise. It's unfortunate but not the end of the world and probably priced in. Thinly traded stocks are very volatile and selling pressure can further depress share prices. But it works in both directions.
Comment by
Huntamun1234 on Oct 03, 2024 7:29pm
I can not find any history on the Waterous/Peters and Co sit down. Sorry, does anyone have a link to that conversation ? Thanks in advance
Comment by
Method on Oct 26, 2024 4:19pm
SCR at Peters https://vimeo.com/1008492047/9e97c817a5