GREY:SYXXF - Post by User
Comment by
simmonron Apr 19, 2016 5:02pm
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Post# 24785743
RE:RE:Stupid people invest in stocks
RE:RE:Stupid people invest in stocks
Not sure what you mean by that comment but I have to assume you don't own this stock because if you did I would have to assume that you would not be making comments like what you just made because you would be better informed.
EVERYONE who knows about this sector knows that it is not an easy task to get oil and gas companies to spend money right now because as you know this sector is hammered. Oil is selling for just under $40.00 a barrel and oil has to sell at $50.00 a barrel just for oil companies to break even. Everyone knows that the first thing companies do when their margins are compromised is to reduce costs and operating costs.
Just because Synodon is not signing clients right now does not mean they are not going to and are not a viable company with a one of a kind product it just means that no one is spending because of the depressed market condition and everyone is protecting their bottom line. This will change because oil is going back up and oil and gas companies by regulations have to have their pipelines surveyed on a regular basis. The worst kind of investor is an uninformed investor because they affect the ones who are informed.