GREY:WFREF - Post by User
Comment by
99999goldon Nov 28, 2014 11:30am
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Post# 23173940
RE:New 52 Week Low ---$2.18
RE:New 52 Week Low ---$2.18UppersDowners wrote: and falling. I bought all my shares at $5.40 and we were undervalued back then by many people on BNN's Market Call. Now we can not give away our shares. The debt is big but manageable if the divi is cut and it will be cut if oil keeps sliding. I would say in 3 months the board will meet and chop it then which would be bullish at that time. I think a divi cut has been worked into the share price anyways. Not a good day for all oils.
if the div is eliminated expect the stock to sell off down to 1.80 perhaps 1.5 level. most of you have held it because of the yield - I expect the stock to sell off further by another 20% next week right after everyone "collects" their div for nov.