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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: $2.20 | Change: $0.00 | %Change: 0.00%
Volume: 591,119 | Day High/Low: 2.33/2.18 | 52 Week High/Low: 9.31/2.18
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0 stars

Front Office!!!!

Word on the street. The last thing a Operator needs is a winey, needy drilling contractor phoning that we need to compensated for this and that. Get your contracts in order & you will be used more
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This company has debt of $340 million as per their press release.  Most of the debt isn't due until 2018.   They will be cash neutral on the year. They have assets worth $1.3 billion. They have all more
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RE:RE:RE:ABC funds sold 3.5 million shares of Savanna

the market hates this company. Market has gone up over 300 points in 2 days and this think is down 10% lol. By mid next week, stock will lose margin. I'm glad I never averaged down on this pig.  rate and reply
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RE:RE:ABC funds sold 3.5 million shares of Savanna

crickets for this dog?  rate and reply
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Trading Suspension and Resumption

Does anyone have information about the suspension - Reasons? Impact? thanks  rate and reply
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US holders of Savanna:

If you are a canadian shareholder,,,SVY ugliness is bad enough. However, if you have owned SVGYF the OTC symbol for the company. You've been doubley hammered. SVGYF is lucky to trade 1000 shares a more
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RE:ABC funds sold 3.5 million shares of Savanna

I don't feel sorry for him at all. I feel sorry for the investors he fleeced by concentrating so many highly leveraged commodity stocks in one portfolio. How do you reconcile the lack more
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ABC funds sold 3.5 million shares of Savanna

Irwin's new letter is out. He sold pretty much every energy stock he has. His accounts got crushed. I feel for him but he probably had no choice but to sell.  rate and reply
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RE:RE:RE:RE:Dividend Cut - GOOD!

whipsaw - down 7% - now up 1.95% after announcement.  Yeesh Better days ahead. Be brave little piglet.   A A Milne  rate and reply
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RE:RE:RE:Dividend Cut - GOOD!

The dividend cut comes as no surprize. Most of us expected it. With the decline in SP, the yield with a quarterly .03 is actually about the same as when SVY was trading at $8. I agree with more
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RE:RE:Dividend Cut - GOOD!

They should cut it completely and start buying back stock. Atleast they got rid of the DRIP.  rate and reply
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RE:Dividend Cut - GOOD!

Comes as no surprise. Would have been better in the intermediate term to eliminate the dividend completely. A compensation cut would show true commitment to the shareholders, but I wouldn't hold more
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Dividend Cut - GOOD!

If you did not expect SVY to cut their dividend you are a bloody IDIOT! I hope they cut their compensation accordingly, especially at the board of director level. They are useless. The only more
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RE:RE:Insider Buying & National Bank analyst

The sector as a whole is suffering. Many corporate officers in the Canadian O&G related companies have been buying on the way down. They obviously have a deeper interest in these companies than more
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RE:Insider Buying & National Bank analyst

Do you think CEO Mullen and analyst TD Waterhouse saw this scenario unfolding? Mullen and other insiders have quit their purchases since December.  Lets hope they have a better handle on how to more
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Misery loves company:

I can't think of a finer bunch of lads than my fellow water drip torture friends on this board. Its tough to be a contrarian when every body is running for the exit. But that is precisely the more
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RE:RE:Crapped Out Capitulation:

Valuedude, I couldn't agree more. Everyone of Irwin Michael's so called "Value" funds is overweight the worst performing sectors of the market since 2011. Mining and minerals, gold, energy more
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RE:Crapped Out Capitulation:

Ya I suspect something is up. He usually releases his ABC perspective on January 1. He has done that the past 5 years but this year he is late. Its not just the service stocks that got crushed, more
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Crapped Out Capitulation:

The reason I suspect it was ABC Funds fueling selling pressure is because we had 2.6MM volume down day, (Thursday) ....on a day that was generally positive for other energy related stocks. Crude more
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RE:RE:When the weasel sneaks out of the henhouse:

All of Michaels open and closed end funds are concentrated in commodity related stocks. He is not only top heavy in energy. He is concentrated in the worst part of the carnage...oil service more