Beaten down by Mr. Market. Petrobank cut in half, other unconventional producers kicked as well.
But a couple of bright spots.
Got out of Arcan at $6.90 after getting in at $4 in the spring on the Crescent Point news.
And now Hathor gets a hostile offer from Cameco for $3.75 which is quite a bit better than my $2.60 entry here:
Hathor Exploration — How Long Until It Is Acquired?
Some additional cash (sold Hathor at $3.90, market thinks offer too low) now available to average down on Westfire/Petrobank/Novus/Skywest/PennWest
Details on the transaction:
Cameco Offers to Acquire Hathor Exploration at 42% Premium to GuruFocus Estimate