RE:A Floater
forkliftguy wrote: I consider Essential to be a floater type of stock . Nothing much happens over many years . The stock price is much lower than it was 15 years ago when I also owned it . I seem to recall that it was in the $1.15 range in 2008 . Contrast the stock performance of Ensign Energy which is up 50 % in the last two months and which I also own . I'm really not much interested in a variety of excuses why the company is not doing better . Can anybody give me a reason to own ESN going forward ? It looks cheap , but is it really . Just one retired salesman's opinion
Only reason to Own this stock is because soooooo many people have gotten completely destroyed they don't bother with it anymore ...and maybe at some point some group get organized to get rid of mgmt and allow them to be taken over my another company ....they are just dead weight floating around ...to little scale to do much of anything and too incompetent to do anything meaningful . And at this point mgmt is just exploiting the scattered nature of shareholders and taking paycheck. they certainly are not acting in shareholders best interests but prob have some sort of phychological pathology where they think they are . After so many years of doing nothing they should be gone . No where else would accept this sort of situation ...anyone with a high school level education knows what needs to happen - but they refuse because they are getting good money and likely couldn't elsewhere