OTCPK:WSRLF - Post by User
Comment by
Sunstoneon Nov 19, 2014 11:18am
205 Views
Post# 23143897
RE:RE:how you post your reasons why you think we should buy
RE:RE:how you post your reasons why you think we should buy
Old investing adage holds: You buy when there's blood in the streets. Wasn't meant to be litteral, but the adage holds, unless you think the company is going to zero, which I don't think is going to happen.
The lower oil goes, the harder it is to maintain global production, particulalry in marginal fields. At some point this will become self correcting. The question is can WZR hold out with its light sweet oil. Well, the Crest offer has bought WZR another 2 years to find out.
And the dillution of WZR stock was not near as great as we'd feared.
Guardedly optomistc.