RE:Now my WORST PERFORMING energy stock..
downwithdotcom1 wrote: ..even with the dividends..just how did we get here, now trading at $5.18 right now ?? Remember, it was last year and a bit, when management REVERSED their policy about exploring for business outside of TANZ..even in spite of a allegedlly more BUSINESS FRIENDLY govt, there is still little progress as to the future of ORCA as a going concern-just so annoying with what could be ORCA;s potential but more lately if i had sold and re-invested in just about ANY oil or gas stock...dwdc
Do you think that ORCA is suffering from being a low volume, closed ended, gas, utility-like entity that is rather specialized and contained?
I haven't really seen signs of under preformance from the company itself, it looks more like the weakness is due to investors jumping ship to higher volume, more growth and opportunity companies who are more pure play in pricing to barrel of oil or gas spot price.
I've been watching this for a while and the more the price falls the more attractive this is becoming. I felt this became over priced around $6 even getting close to $7 and was a rather quick recovery story after the Covid beat down. $5 brings an 8% yeild which compared to most other oil or gas producers is rather large, but much of the hype in the market seems to be that standard Oil and Gas producers are going to start growing or in some cases reintroducing dividends that should fall between 4-8% depending on share price actions to these announcements. Currently this looks like it can easily bounce back up to the mid $6 area again given the right sedimate and just mediocre preformance on the company side. Using that over simplified idea at $5 you can get an seaminly easy 8% yeild with 30% upside for the $6.50 area. Eric Nutell seems to think many of the pure plays are possible doubles and triples (from when he talked about it a couple months ago), so you can see where the hype in other areas is justified over this little gas producer.
I personally feel that the hype has swung to the opposite side of the pendulum especially with the oil price shooting up, I was content and still feel $70-80 seems like a good price to bank on but I have no qualifications in the area, but it sounds like at this current price US Shale can start returning to the market and be profita