Yeap, Bill Harris and Mason Granger are big fans of LNV.
I initiated small position several weeks ago (too bad i didn't buy more)... nice dividend more than 6% and in last 5 days twice it was up (include today) when TSX crushed more than 200 points....
I commented on this stock on another thread. My only hesitation aside from the current price of oil is that it does not have a long enough track record for me to determine the safety of the dividend, performance etc. What made you decide to open a position? Can I use previous information on Advantage Oil & Gas? I would assume so as they have controlling interest.
Ouch. This stock dropped 8.45%. I can't see any company specific news. Perhaps those that own or follow it could offer some insight. My uneducated guess is that it is due to the decline of the market in general and oil price decline. Since it doesn't have a history to rely on its more likely to drop in price during market shakeouts. By this I mean in times of fear people will hold more stable positions such as BCE, the big 5 banks and utilities and close positions that they see as more risky. Any other reasons for this one to take such a beating? What am I missing?
Its almost certainly just because of the recent chaos. As well, the parent company has been putting more of its shares on the market, so perhaps someone who bought shares recently wants out. It seems to be a great company and has been on my watch list for a while. 8% yield! They do pay out more than 100% of net income, but are very profitable and have a lot of cash flow.
I like stocks like HSE, LNV, EGL.UN, COP.N... as when oil will rebounds they also will rebound, but while waiting you get decent dividends and accumulate shares
That's what I don't like about stocks with little liquidity. It takes very little share volume to knock down price a lot. Also hard to get out if you want to.
However the same can be said about share volume and price increases. Sometimes all it takes is just one institutional investor to start buying an illiquid to reverse the direction.
It keeps falling. Four days straight and 8 of the last 10. I must be a glutton for punishment. As soon as I see signs of an upward trend I may add the remaining 1/4 position. My fingers are in need of bandaging after averaging down @7.50 and 7.00. I will wait to see what the next quarter report brings which will be in a couple weeks.
Longview is up $0.37 today. But I can't find any news?! Super frustrating. I'm selling my TFSA holdings of this stock for a small profit but keeping my non-reg holdings for now.
The only thing I found was this from Eric Nuttall who was on BNN last night.
Might account for a portion of the 37 cent gain today.
2012-09-19 BUY Eric Nuttall
Cut their guidance in Q2 of this year when oil prices were very low but only cut production about 4%-5%. Advantage Oil (AAV-T) owns 45%-46% have indicated they want to become a purer play and are selling all of their non-core assets but indicated they won’t sell this company’s shares. Some in the market do not believe that, so the stock price has been suppressed. You have a low decline asset base, predominantly light oil, that is paying about 8.5%-8.6% and the dividend is very safe.
Price:
$6.810
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
And this could be a larger part of it.
S&P Dow Jones Indices Announces the Results of the Annual Review of the S&P/TSX SmallCap Index
Canada Newswire
TORONTO, Sept. 14, 2012 /CNW/ - Standard & Poor's Canadian Index Operations announces the results of the annual review of the S&P/TSX SmallCap Index, which will become effective after the close of trading on Friday, September 21, 2012.
ADDITIONS Issue Name Symbol AGF Management Ltd. AGF.B Alaris Royalty Corp. AD Altus Group Limited AIF Bauer Performance Sports Ltd. BAU Belo Sun Mining Corp. BSX Birchcliff Energy Ltd. BIR Boston Pizza Royalties Income Fund BPF.UN Calvalley Petroleum Inc. CVI.A Celestica Inc. CLS Cogeco Cable Inc. CCA Dundee International REIT DI.UN EcoSynthetix Inc. ECO Element Financial Corporation EFN Exchange Income Corporation EIF Gabriel Resources Ltd. GBU GASFRAC Energy Services Inc. GFS High Liner Foods Incorporated HLF HudBay Minerals Inc. HBM InterRent REIT IIP.UN Intertape Polymer Group Inc. ITP Ithaca Energy Inc. IAE Longview Oil Corp. LNV Morguard REIT MRT.UN New Millennium Iron Corp. NML Niko Resources Ltd. NKO NovaGold Resources Inc. NG Orbite Aluminae Inc. ORT Parallel Energy Trust PLT.UN Parex Resources Inc. PXT Petrominerales Ltd. PMG Poseidon Concepts Corp PSN Rainy River Resources Ltd. RR Rare Elements Resources Ltd. RES Rio Alto Mining Limited RIO Semafo Inc. SMF Sherritt International Corporation S Silver Standard Resources Inc. SSO Softchoice Corp. SO SouthGobi Resources Ltd. SGQ Spartan Oil Corp. STO Student Transportation Inc. STB Surge Energy Inc. SGY TAG Oil Ltd. TAO Timmins Gold Corp. TMM U.S. Silver & Gold Inc. USA Western Energy Services Corp. WRG WesternOne Equity Income Fund WEQ.UN
DELETIONS Issue Name Symbol Aeterna Zentaris Inc. AEZ Allied Properties REIT AP.UN Artis REIT AX.UN Atlantic Power Corporation ATP Aura Minerals Inc. ORA Avion Gold Corporation AVR BNK Petroleum Inc. BKX Brigus Gold Corp. BRD Candente Copper Corp. DNT Canfor Corporation CFP CanWel Building Materials Group Ltd. CWX Capital Power Corporation CPX Cardiome Pharma Corp. COM Cash Store Financial Services Inc. CSF Champion Iron Mines Limited CHM Chartwell Seniors Housing REIT CSH.UN Claude Resources Inc. CRJ Cline Mining Corporation CMK Cominar REIT CUF.UN Corridor Resources Inc. CDH Dalradian Resources Inc. DNA DragonWave Inc. DWI Eco Oro Minerals Corp. EOM Epsilon Energy Ltd. EPS Garda World Security Corporation GW GLG Life Tech Corporation GLG Golden Predator Corp. GPD Goldgroup Mining Inc. GGA Great Basin Gold Ltd. GBG Hanfeng Evergreen Inc. HF Ivanhoe Energy Inc IE Jaguar Mining Inc JAG Jean Coutu Group (PJC) Inc. (The) PJC.A Labrador Iron Mines Holdings Limited LIM Lake Shore Gold Corp. LSG Mercator Minerals Ltd. ML Migao Corporation MGO Minco Silver Corporation MSV Nevada Copper Corp. NCU Northland Power Inc. NPI Orvana Minerals Corp. ORV Peregrine Diamonds Ltd. PGD Pinetree Capital Ltd. PNP Platinum Group Metals Ltd. PTM Revett Minerals Inc. RVM Rock Energy Inc. RE Rockgate Capital Corp. RGT Romarco Minerals Inc. R RONA Inc. RON San Gold Corporation SGR Scorpio Mining Corporation SPM Seabridge Gold Inc. SEA Sears Canada Inc. SCC Second Wave Petroleum Inc. SCS Sonde Resources Corp. SOQ South American Silver Corp. SAC Sprott Inc. SII Stonegate Agricom Ltd. ST Stornoway Diamond Corporation SWY Theratechnologies Inc. TH Toromont Industries Ltd. TIH TransForce Inc. TFI Ur-Energy Inc. URE Vero Energy Inc. VRO Volta Resources Inc. VTR Western Copper and Gold Corporation WRN Westport Innovations Inc WPT Xinergy Ltd. XRG
It's subject to oil prices. If oil drops $20, then they're in trouble like many oil companies. If oil rises to $125 a barrel (or even WTI to Brent), then they're laughing all the way to the bank.
I can't find any reason for the stock to selling off like this? Anyone else have any luck?
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