that it could be taken private? Perhaps "they" buy back the debt @ pennies on the dollar and wait for oil to rebound? Or do you just let this miserable POS flop and become a story topic on 20/20?
Wrong. News of the deal sent POT lower. News now that the deal has been scrubbed will send POT down to $18.......horrifically wasted!
Agreed. Dilution, dividend cuts, mindless acquisitions, oversupply all spells doom for POT
If you happen to be from the US, that "high yield" gets whacked by a 25% foreign tax!
$48 is a nice thought, but there's the real possibility that WTI drops another 10%, that's ~20% for UCO. Even with this background, I'm still long with half of my position sitting @ $7.65. Will buy more starting @ $6.90 if UCO drops.