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Lone Pine Resources Inc. Message Board

  • sfruehling1 sfruehling1 Jun 30, 2013 5:24 PM Flag

    Hedge fund question

    My buys with this company are around $1.00/sh & $.50/sh. One reason I bought was because several large hedge funds (Owl Creek Asset, Corvex, etc.) were major holders and appeared to have some influence in selecting the board members. The current capitalization of LPR ($28 M) should be almost pennies to them. I would have thought they would have been actively buying at and below $1/sh and their action would help stabilize the price. It has not happened. Have they bailed? Any thoughts? Hoping for positive news, but not very optimistic.

    Sentiment: Hold

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