Post by
harvester on Jan 11, 2024 3:02pm
Is the price
being kept artificially low with NP's help for a buyout?
25-30% premium making buyers look like the companies white knight to long time investors investors tired of the bs and newbies being happy with the price boost
Comment by
lnggasfor202324 on Jan 11, 2024 5:02pm
I think theres more to it then that. I wouldn't be suprised if nine point sold their holding in SGY. He probably realizes theres something very fishy here as well.
Comment by
uwebb429 on Jan 11, 2024 9:54pm
Ninepoint sold 3 million SGY shares during November. https://stockhouse.com/companies/ownership?symbol=t.sgy
Comment by
Baystboy07 on Jan 12, 2024 9:47am
With the volume pick up in December I would not then be surprised if he sold the rest off as well.
Comment by
Baystboy07 on Jan 11, 2024 8:24pm
No, NP is in at the $9.25 deal price when $SGY bought the Enerplus (I believe they were the seller). He then averaged down a bit but his cost base I much higher. He needs a premium of 50%;to break even. Problem is low oil price as this is a name that torques with higher oil prices. There is just too much debt is the reality compared to other oil companies.
Comment by
lnggasfor202324 on Jan 11, 2024 9:04pm
Whats Paul talking about CJ and ATH are taking a lot of risk on. His balance sheet is bad compared to the opther two, wich are basically debt free. I think that is something Paul will just never figure out about taking on more risks. He's being steering the ship long enough and SGY looks like it could sink.