RE:Thanks Fidelity!!!Although the price has dropped considerably, I think it’s now more in line with what the stock is worth. Just saw another presentation by the company stating that they haven’t started production at Bigoray due to the rainy weather conditions. So don’t expect any saving grace from any financials in the next couple of quarters anyway.
With a tiny company like this, it comes down to whether you think the team running the show is capable of putting it all together and will be able to get the oil out of the ground. This team seems to think they can! If so, now would be a good time to accumulate. If not, then bail and let someone else hang on and worry about it.
There is really no love for any of these small oil companies. I hold a few shares of Pulse and will probably just let them ride until market conditions improve. Share prices in a company like this can increase as quickly as they drop.