RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insider buys 1,073,500 shares today !!!!!!In my opinion, absolutely... I think too many have that super micro mentality, that generally produces much lower market capitalization after a rollback, and then usually an extremely cheap post rollback
financing to friends and family. Not in this case... company is backed by fundamentals, I would even hazard a guess, higher prices after a theoretical consolidation here.... as certain institutional types would then perceive value (on their own terms) and buy accordingly....
Buying shares at this price, at least to me, does so on reasonable value, although I have not seen any cash flow analysis premised on 75 or 80 dollar a barrel Brent for example... I would suspect the year end financials will give us that information. Brent is likely around 95 or so.... havent checked in today...For the most part there has not been news here on specifics in terms of production.. However, if we put back what was hampered by year end, even with 90 brent, I think share price,
should remain in the mid 30s... if rollback by chance is affected, perhaps even higher.. as higher
share price sometimes implies value...sometimes... now back to what i was doing.