GREY:DTEYF - Post by User
Post by
MilesGeorgeon Sep 19, 2013 6:03pm
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Post# 21752964
The News....
The News....Came out yesterday prior to the run up.... Seems the old saying sell on news is valid in this case as now the volume has dried up and the price is retreating.
As for the PP, I can imagine this stock will be around 4 cents again in the next two weeks, typical venture stock. There was a few shares traded over the 10 cent price but with that amount of cheap paper being in the float it will level the share price.
As for the MC we have at this time, with the price of Gas being worthless, and and few barrels of condensate we are way over valued. They would need to be drilling and producing oil and a rough calculation would be 50 thousand per barrel... so 200 bpd for a mc of 10 million....
Now if they drill a good producing well at 1000 pbd we would be 50 million - but with all the cheap shares that would only be 45 cents per share....