Another Weak MarketHow many days this stock need to trade down before every Broker/Adviser calls their clients with concerns. The downtrend is on in this stock. There is cheap stock out there and thus some Donnycreek sharesholders can still sell and make a very nice profit.
Call your broker and ask the questions.
When management increases a capital budget one month ago and then reduces it, you really have to ask: what are you guys doing. Steve, get the story straight. Come on Man.
What about all those expiries coming up. Hmm Upside being lost. Netbacks are not good.
Did the company bother to say: at these commodity prices are the wells profitable. Last time I checked if they are losing monies on the wells and just getting capital back, it is not good. More downward presure coming.