Q: Peter; It looks to me that the huge offering is way out of the money- couldn’t this also be a large overhang for some time? Thanks.
As an original member I like the new format - change is good!
Rod
As an original member I like the new format - change is good!
Rod
5i Research Answer:
The equity offering came at a discount, and then oil declined sharply on Tuesday. With the stock 44c below the offering price of the financing, one can assume there will be a stock overhang for a period of time.