RE: Xop13 Jun 2023 21:31
Dip on a sell of 1000 @ 20:33, which triggered a small flurry of buys bringing the SP back to where it started from. Volume ~60k, not really very relevant.
Jun 13, 20:45 0.06 -0.005 5,000 CIBC World Markets Inc. TD Securities Inc. CSE
Jun 13, 20:44 0.06 -0.005 1,000 CIBC World Markets Inc. CIBC World Markets Inc. CSE
Jun 13, 20:44 0.06 -0.005 19,000 CIBC World Markets Inc. TD Securities Inc. CSE
Jun 13, 20:43 0.06 -0.005 1,000 CIBC World Markets Inc. CIBC World Markets Inc. CSE
Jun 13, 20:43 0.06 -0.005 8,000 CIBC World Markets Inc. TD Securities Inc. CSE
Jun 13, 20:43 0.055 -0.01 2,000 CIBC World Markets Inc. Scotia Capital Inc. CSE
Jun 13, 20:43 0.055 -0.01 3,000 CIBC World Markets Inc. TD Securities Inc. CSE
Jun 13, 20:33 0.05 -0.015 1,000 TD Securities Inc. Virtu Canada Corp. CSE
More importantly …
Bond details in public domain, i.e. ‘known knowns’. (We also know about the senior debt - that it exists!).
Above factored in to current ‘market’ valuation.
We have partial knowledge of ‘field works’ from last update – GGS upgrade, flowing to pumping-flowing, paraffin treatment, CC re-completions, etc. Info released in ‘dribs and drabs’.
We don’t know the status of the RBL and JV, i.e. ‘known unknowns’.
Neither do we know the full extent of the work done by RS, very relevant to the RBL and JV.
So a lot of uncertainty, again factored in to the ‘market’ valuation.
In the meantime, we hope (expect?), that the ‘field works’ will drive up production to a level at which we become cash positive, even able to fund capex from cash – achieving this will be a very big thing.
GLA
Sign In
Follow the stocks
