Thursday, October 3, 2019 9:20 AM EDT
Today we will officially delist a stock that you may never have heard of and probably will never care about but whose story might reveal great insight into the current investment environment.
Someplace, somewhere a small violin is playing for Superior Energy Services (SPN), who has recently been contacted by the New York Stock Exchange in regards to their “abnormally low price.”
In 2014, SES was ranked by Fortune as the 534th richest company. Boy how times have changed. Over the last 5 years, the company contracted by just 17% but as we can see, the stock price has slid a whopping 98% since the highs at the beginning of 2017.
The company is more than happy to buy its own shares and have announced a buyback offer that is significantly above the market price, yet it seems that investor interest has simply fallen off and they’re being forced to take the company private.
Looking at some of the top traded oil exploration ETFs, we can notice a similar trend where only a select few are doing well, and the rest seem to have sprung a leak.
My friends, these are the winds of change. Now that impact investing is the order of the day we can see that the world is already starting to heal itself.
As the Scorpions aptly inserted at the end of their hit song…
“When you look at it from up here, you get an appreciation of how the world is a beautiful place and we do need to take care of it.”
Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such ...
more
Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.
less
How did you like this article? Let us know so we can better customize your reading experience.
