What is suppoting this price?This is holding its own so far solely on the Market Capiltaization of over half a billion and outstanding share ratio combined with negligble debt.
Problem here is, will they show any profitability at all with oil testing low $40
Not possible IMO but they may risk aquiring more assets in this down sided landscape of O&G that is killing everyone.
That may save this from more S.P. decline in the next quarter if forward looking investors look at SPE long term instead of the quick flip many were anticipating.
GLTA