Post by
BSdetector2016 on Oct 05, 2024 8:29am
Tardy TD finally delivered SOBO on Saturday
SOBO looks like quite the pure-play oil pipeline asset. The way things are going, building new oil pipelines will be next to impossible given political headwinds catering to greenie concerns. The fact of the matter is we will be using oil for the foreseable future since airplanes, ship etc. do not run on pixie dust. That means that existing pipelines will retain, and likely increase in value well into the future. I will be looking to accumulate more SOBO on dips, after the euphoria subsides. It looks like another Pembina to me.
Comment by
nedstar71 on Oct 05, 2024 11:12am
Well that settles it, no SOBO for me even though I owned it on the 25th 'record date' they kept putting in news releases. May buy some in the future if it dips to the mid 20's. And oil isn't going away, ever. Not even close. If anything the left's policies will cause a need for.more of it when the green house of cards collapses.
Comment by
nedstar71 on Oct 05, 2024 11:26am
I should have said "collapses further". The green scam is well on it's way to imploding.
Comment by
TeamCommonSense on Oct 05, 2024 1:39pm
nedstar71: The TRP explanation clearly explained the linkage between TRP and the SOBO spinoff shares for the period Sept 25 (market open) to Oct 1 (market close). Selling TRP during that period entitled the buyer to receive the spinoff SOBO shares. That explains why the TRP share price dropped on the Oct 2 market open ... cuz they were trading ex SOBO. Cheers!