Sue's Blog

Wednesday, February 16, 2011

Emera Stock - what was with that volume? Check the History!

Also interested in Empire Capital - what's the word on the gold?

Trading Volume of Emera Stock - relevant time frame based on Bloomberg data


November 15th 2010 - days before the deal on the Lower Churchill is announced - and two days before media lock down  -  1,246,148


November 18th 2010 - the day of the announcement - 407,074


November 25th 2010 - the day Danny announces retirement - 465,484


December 02nd 2010 - the day Williams retires - 299,615

 

December 14th 2010 - just 12 days after retirement - when there was speculation in the market that the deal might not be as guaranteed now - 714,214

 

Generally speaking when reviewing the interactive graph of the trading activity - two dates stand out. 


Why did Danny Williams announce he was leaving just 7 days after a proposed deal was put in place with Emera


Why must we do a deal with Emera - if you want fed loan guarantees - why not for the rest


Why are we enriching this publicly traded company in Nova Scotia


Why are we enriching their shareholders - we have to pay for it!

 

Emera Inc.


 

1 comment:

Norman Andrews said...

Who sold their shares? Was there a team involved in the benefits of the sale? Did someone or small group make big bucks on a possible scheme?

Give u 3 guesses and the first two don't count.

How much was a share before the sale.