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"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."

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Rooster Energy > reality

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Post by fagiani24 on Dec 16, 2015 12:28pm

reality

I warned you all months ago. Even I got sucked into this one. Reality is thousands of oil and gas companies are closing the doors, this could happen here as well. For the true believers this could be an opportunity to buy very low, if it survives. Myself, I'm not desperate and can wait this out for years. If the go bankrupt they go bankrupt, nothing anyone can do.

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Comment by retirebefore50j on Dec 16, 2015 1:02pm

I do not agree with you about the bankrupty issue but you are right about waiting the oil mess out. We just have no choice unless one sells at a big loss and that is just stupid.

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Comment by Roverthing on Dec 16, 2015 9:15pm

I have many years of experience with the penny stocks of many different companies. And one thing that I have learned very well is that if the SP is very low (like this one now) and the insiders are not buying any shares at all at this very cheap price, in this case it is very risky to buy. That is why, I am not buying anymore here now. Even in case that the SP drops as low as 0.005, I am not going ...more

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