Pennant Energy Inc PENFF

Sharp Drop

[Power1]

Any insights on why PEN, Donnybrook and other partners here are registering new lows outside of current economic conditions.

I find it intriguing pen has registered a 5 year low with recent slide from .12 to .085

Should there not be an operational update or is there turmoil in bandcamp under the pooling agreement?

Any info is appreciated.  Thanks in advance

[wintersun10]

there has been ONE seller driving down PEN over the past week, so you will have to ask them, they might have to liquidate a position because of a who knows what reason unrelated to PEN, but your guess would be as good as any.

[paulsteiger]

Mr. yingling I salute them. I think they were right with the cashflow forecast the change, but they have erred share prices under consideration of the current, perhaps with the sign?. and it has been confused with the slop oil drilling? I think in any case no more, no matter what happens now, am glad to be rid of my shares yet. before 10 years it was approximate 1 $ and now 0,085$, this say

[wintersun10]

OK, so there you have your answer, from what i can tell our probably German friend and long time share holder finally lost his patience and dumped his shares, enough is enough he figures, better luck with your next investment.