The balance sheet looks great, but they're diluting the stock to pay off debt. They issued $350 million warrants in October: https://www.globenewswire.com/news-...tes-due-2022-and-an-Amended-and-Restated.html I have no clue how many are outstanding.
There are other less speculative plays in this space. I've done really well with Enerplus, Baytex, Gear Energy, Cenovus, Arc Resources, Crew Energy, Crescent Point, Whitecap, Birchcliff, Tamarack Valley, MEG Energy. I used to own Nuvista and Cardinal but I lost track of them and they shot way up without me.
This is getting ugly. How can that fund not be getting flooded with requests by investors who want to preserve their money.
They might be but there are certain restrictions as to when and how much money can be withdrawn. Lawyers and accountants will have a field day at some point.
Well it's an ETF. But, don't worry, you can put your trust in her and have her lock up your money with her brand new private equity fund: https://www.barrons.com/articles/cathie-wood-private-equity-investors-51644017610
All in all, the ARK ETF asset manager apparently lost approximately US$380 million on the Palantir investment so far. https://www.nxtmine.com/news/articl...on-shares-in-palantir-in-just-3-trading-days/