Post by
UppersDowners on Nov 28, 2014 10:30am
New 52 Week Low ---$2.18
and falling. I bought all my shares at $5.40 and we were undervalued back then by many people on BNN's Market Call. Now we can not give away our shares. The debt is big but manageable if the divi is cut and it will be cut if oil keeps sliding. I would say in 3 months the board will meet and chop it then which would be bullish at that time. I think a divi cut has been worked into the share price anyways. Not a good day for all oils.
Comment by
UppersDowners on Nov 28, 2014 2:39pm
Hi Gregory.....at least at the casinos you can have fun and have a few brews. Here we are being robbed and it is no fun. Sooner or later the 777's will line up but after a lot of pulls. I bet she is getting pretty cold in Winnipeg. Watching the Grey Cup this weekend?
Comment by
mckenzie00 on Nov 28, 2014 10:07pm
Hi UppersDowners - Wpg 2100 Friday snow - 11 low - 19 snow forecast . I am pulling for Hamilton, as they are the underdogs. But the Grey Cup is our Canadian game. Next year the Grey Cup will be in Winnipeg - say yes to the Big Chil. Gregory
Comment by
theman0 on Nov 28, 2014 10:59am
Speaking of BNN. Here is a video from April 2014 with Joseph Schachter. Read the comments below the video as well. He nailed it if you ask me. He predicted the fall in oil prices, he said to buy gas weighted stocks in Q4 etc, etc. https://www.bnn.ca/News/2014/4/17/Josef-Schachters-top-picks-Long-Run-Exploration-Sterling-Resources.aspx
Comment by
99999gold on Nov 28, 2014 11:30am
if the div is eliminated expect the stock to sell off down to 1.80 perhaps 1.5 level. most of you have held it because of the yield - I expect the stock to sell off further by another 20% next week right after everyone "collects" their div for nov.
Comment by
farco on Nov 28, 2014 12:06pm
The DPR was pretty low before the SHTF so...
Comment by
patenright on Nov 28, 2014 2:06pm
This is really getting silly now 2.1