Post by
Malherbe on Apr 21, 2022 1:51pm
Not a fan of this equity issuance - I’m out
Sold while 6% up today. Can't believe they're issuing shares.
Comment by
Konaboy on Apr 21, 2022 2:22pm
What's another 9 on 433? Let's hope the production/growth holds up to the Clearwater hype. Hedging could be better, could be worse. Market seems to like it, the only one on my tracker still showing green this afternoon!
Comment by
TheRexmember on Apr 21, 2022 3:44pm
They probably had no choice. The sellers likely insisted on some shares both to participate in any upside and for tax purposes. Likely a net win these guys will hold long term while the company soaks shares up in the buyback. I like this move.