a sad day.....it is a sad day when we have to buy a stock not based on what they are doing, performing and based on valuation but rather base on the whims of those sheitfilled hedge funds who trade the sheit out of market. Dundee who has a well respected international E&P analyst team has a $7.15 target on this stock indicating what they feel it is worth but of course that means sweet sheit all in a market dominated by machines, and hedge funds that can't see past next quarter. IF the regulators were not squarely in the front pocket (next to you know what) of the hedge funds and wall street trading banks then they would ban short selling alltogether from the equity market so long holders were no longer undermined by the brokerage houses the deal with making additional money lending their shares out to hedge funds to sell on them causing the old adage selling begets more selling to drive down the share price on the real investors triggering their stop losses and driving down the share price without any justification. This type of averant behavior leads to investors becoming wrongfully discouraged and selling (off course playing once again into the hands of the manipulators).
On a good note, once Bankers introduces a plan to accelerate development of their 35 years reserves I am sure that this would vastly improve the NAV of the company and the production growth rate estimates will propel the stock to a new level. We need strong catalysts at this point to cause a short squeeze and initiate large exchanges of shares in the new price range to put a new higher floor under this super undervalued stock........Brent at $110 certainly has not done anything substantial but rather lendin mild support to keep it above the $3 mark.