I confess it. I am a big lover of small pennies because there is so much more action than in other stocks.
Alberta Oilsands AOSDF.PK AOS.V
a few days ago and it was a lucky punch! I picked it because the company has great assets but the devaluation of the exploration companies beat them down to the "cash-in-the-bank-value" of 7 Million Dollars.
Then I noticed, that insiders started to buy and so I did. Look here for the Insider Dealings: bullve.st/27y
Last week I heard a rumor about that the government will be going to cancel some licenses around the town Fort MacMurray to give the community room to grow. And Yes, it happened.
What is normally a bad thing for companies like Alberta Oilsands turned out as a good thing because the company is extremely undervalued.
It seems the government of Alberta has to compensate all expenses of the Clearwater project - roughly 53 Millions., This will lift the cash position to 60 Millions - 28 Cents/share.
Alberta Oilsands was heavy trading at the 14 Cent range on Friday (+30 Millions of shares).
My expectations are clear. The stock will continue trading very heavy but will close up to the foreseeable cash position of 28 Cents per share step by step.
From my point of view a cash dividend is possible and would be wise.
I see no possible pullback scenario here.
Disclosure: I am long AOSDF.PK.