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Bullboard - Stock Discussion Forum WestFire Energy Ltd T.WFE

TSX:WFE - Post Discussion

WestFire Energy Ltd > Looks like Nuttall sold most of WFE
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Post by poubelle1 on Nov 08, 2011 2:46pm

Looks like Nuttall sold most of WFE

Based on the latest portfolio updates, look like Nittall and the small cap fund have liquidated most of their WFE stock.

I wonder if he was promoting the stock ,j ust so that he could unload it. After all, this is a very illiquid stock. HNow else could he unload so much stock.

I am hoping that this call was just a short term trading call and that there is not a serious problem here. But the recent trading patttern of this stock sugests some problem. Again, could be just a fickle market that sells any stock with any problem, irrespective of severity or duration.

If you read the documentation on the Orion purchase, they valued the company at over 300 million. Guess what. The entire company is now selling for a market cap of  around 350 million. How is this possible?

I think the company should be buying back stock agressively here. It would be a great investment.

Comment by babedinkleman on Nov 08, 2011 3:24pm
This post has been removed in accordance with Community Policy
Comment by poubelle1 on Nov 08, 2011 3:28pm
https://www.sprott.com/Fund1.aspx?id=24Click on the portfolio tab. You will see that WFe is now number 9 in top 10 holdings. This is as of Sept 30, so I bet the ranking is even lower now.In the last update, this stock was number 2 in his top 10 holdings.
Comment by babedinkleman on Nov 08, 2011 3:40pm
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Comment by HOGI on Nov 08, 2011 9:34pm
are they the top 10 in value or top 10 in share holdings??? how we rank our holdings,this is the answer!!!
Comment by babedinkleman on Nov 08, 2011 11:18pm
This post has been removed in accordance with Community Policy
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