Watford has gotten EXTREMELY wealthy while leveraging this company to the hilt ~ $3,600,000,000 and counting. And now for the piece-de-resistance he is considering selling assets to someone at some price in the worst market for oil and gas assets in decades. This didn't happen overnight homer. And it isn't just because of the weather.
There is selling and then there is selling. Unless someone is getting a margin call or is similarly strapped for funds this is a pretty self-defeating exit.
Exactly. I think some aggressive short who started jumping on this yesterday before the data was released is playing on the 36% number which to the headline scanners looks 'bad'.