Quote:
Originally Posted by suzuka84
anyone in on OPC?
Opti Canada.
It might be time to buy back into this one as it's hugely undervalued at the moment for a oil sands play
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Debt is a problem for this company and could bankrupt it. Anyone holding stocks of this is praying for a quick buyout (if they bought recently). Some would like to see the company keep going as-is to really build value, but they can't, they don't have enough money.
The assets are worth far more than the share price... but shareholders have been touting that for a long time while the price drops. It's a real gamble, a buyout could be a 5x return, or else lose it all.
There are complexities to this that turn buyers to simpler purchases.