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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: $2.22 | Change: +$0.16 | %Change: +7.77%
Volume: 805,418 | Day High/Low: 2.46/2.05 | 52 Week High/Low: 9.31/1.51
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0 stars

High of 2.45-2.46 I'm not the only one!

Was looking at this stock Wednesday when I let go of my TCW and was thinking this stock is behind the other stocks when you put/compare to the other oil and gas companies. This stock should be have...read more
0 stars

Renewed!

Eom  rate and reply
0 stars

Great Investment in Savanna!

Love this chart. Its behind the 90day rolling average unlike all the other energy service companies that have just or have long flew through it.  That with the potential 12c to 36c a year dividend...read more
0 stars

Irwin liquidated his entire SVY position

EOM  rate and reply
0 stars

Circuit Breaker

Does anyone have information on who triggered the single-stock circuit breaker this afternoon. Someone seems to have wanted SVY real bad! Thanks and regards  rate and reply
3 stars

Myth, Lies and Truth about OIL

Seeking Alpha: Myth, Lies, and Truth about OIL  rate and reply
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
0 stars

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
0 stars

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
0 stars

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
0 stars

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
0 stars

$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
0 stars

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
0 stars

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
0 stars

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
0 stars

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