RE:This is crazy...from $6.00 to $1.23 in 3 weeksI get where you're coming from, but your analogy isn't fully logical and may mislead others into thinking this is an unbelievable bargain. I'll continue with your analogy
If you find out that the car you liked at $30k wasn't really worth $30k unless in perfect economic conditions that may just be theoretical, and is actually worth less than $6k, would you still pay $6k, because that $6k is lower than your original belief of it being worth $30k?
Even if that car is worth that hypothetical $6k (think it is) you can buy it for much less soon.
Remember, this company is worthless if oil prices are depressed by the time its hedges run out, and is burning money everyday it transports oil South.