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Savanna Energy Services Corp T.SVY

Sector: Energy | Sub-Sector: Oil & Gas Drilling

Savanna Energy Services Corp is a drilling, well servicing and oilfield rentals company with operations in Canada, the United States and Australia. It provides a variety of services in the oil and natural gas industry.
Price: $1.79 | Change: +$0.09 | %Change: +5.29%
Volume: 145,767 | Day High/Low: 1.83/1.68 | 52 Week High/Low: 9.31/1.51
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0 stars

RE:RE:Market has spoken - ho hum

The covenant issue is real, but is also a red herring.  At the end of the day, the activity levels that will spur a breach will also likely put companies like TCW, CFW, TDG and others in similar...read more
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RE:Market has spoken - ho hum

The problem with SVY is their debt covenants. If the break one of their covenants, they could be in trouble. Cutting the dividend will save them $8 million. Not much in the grand scheme of things.  rate and reply
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Market has spoken - ho hum

well this was almost a non-event.  300K average volume (last 10 days).  253K average volume (last month).  Company eliminates dividend altogether and only ~ 200K shares are traded today??  This...read more
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RE:RE:Move today

was expected - no grave mutiny.  Reactionary volume reasonable  rate and reply
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RE:Move today

Today SVY announces that the Dividend is suspended and other Op and CapEx are being reined in. How quickly the word gets out among friends! Maybe it was Aussie time!  rate and reply
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Move today

Good move today (from low base admittedly). Market seems to be getting comfortable that SVY is going to stay solvent, and is very badly undervalued at this point. Nothing in the hopper that would...read more
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RE:$1.51 punch

Dont think it would be Mullen.  Quick look at SEDI shows he has no options at this level.  He won't be getting any value out of his options as far as I can tell.  I will bet Board will load itself up...read more
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$1.51 punch

anyone have any visibility on the seller of that big block late Friday?   Mullen would have to exercise all his stock options within 60 days of termination - am wondering if we saw some of that...read more
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RE:RE:RE:Falling Knife

true words OilBeta - I'm just hoping that the SP rebounds a fair bit before an acquisition deal is made.   SVY has long traded below P/B but nowhere the current bargain basement bin level we're seeing...read more
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RE:RE:Falling Knife

Reality is that even AFTER the $350 million+ writedown, this comapny is trading at the lowest P/TBV of any oilfield service company in North America (excluding offshore).  The assets are not broken...read more
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RE:Falling Knife

Just grabbed a few at $1.71 hoping to get the dividend next week and a small  run up to boot.  I mean really, can this thing go much lower ?  Me thinks not.  Time will tell.  rate and reply
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Falling Knife

Savanna still has work though. Two rigs still going in the Red Deer area. Once complete they have the one that is suppose to start up again in July. Limited information, I know, but it's something...read more
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Tell the market something

This stock is being hammered. @It has high debt, but very manageable. @The problem is that they let go the CEO, then watched the COO quit, and have not told the market anything about their plans...read more
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RE:Q4 results

It wasn't taht bad but they should eliminate the dividend. They may break debt covenants on their debentures so something has to give here. The market thinks they are going bankrupt with where the...read more
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Q4 results

Report not bad – not great – some + news if you look hard enough and squint.   Impairment losses was huge hit previously unseen in recent years.  We would’ve had $0.28 per diluted share instead of ($2...read more
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RE:Who do you think would buy SVY?

Over 11% drop in one day after the results, does not bode well for the stock, although insiders bot lot of shares in Jan this year. What gives? Over 5% dividend will not last either, although report...read more
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Who do you think would buy SVY?

I think the board should consider selling the company but who would be a good fit for SVY?  rate and reply
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Spring break

Will buy back in when this sees new lows. When spring break comes investors will panic when it comes to service companies. Not knowing when they go back to work brings fear.  rate and reply
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Insider moves - blackout restrictions

Morning - does anyone know the blackout restrictions SVY imposes on insider acquisitions (public market) with regards to yearly and quarterly results?  rate and reply
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Q4


...read more