RE:elkwaterThanks for the info about the book. Although the comment is positive I think for those who own this stock can regard it as dead money for awhile and could well be a long while if history is of any good reference. Oil prices has been corrected violently about five times between 1980 and 2014. Every time the swing is about 50 to 60 percent. Every time it takes about 12 to 18 months to bottom and then recover back to about $90. Then it stays around $90 to $100 for another couple of years before breakout again to $110 and over. Then the down cycle is back again in full force. Will this time be the same or a new game changer? I personally believe it is history to be re-visited again.
I am watching closely at this stock and will move in to have a position - but not until oil prices is on a determined upswing again. I would not mind to miss out a bit on easy money as oil prices still trying to get out of the rut as long as I am not losing money. This is my take on risk management for penny stocks which is similar to buying lottery ticket.