GREY:PRBEQ - Post by User
Comment by
Burnermanon Jan 10, 2016 6:07am
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Post# 24444250
RE:Crude oil industry is not out of wood yet.....
RE:Crude oil industry is not out of wood yet.....The big question is can Rooster survive the storm. With lower oil prices comes more oil company bankruptcies. These wells will need to be shut down. Does Rooster have a few banks in there back pocket to possibly get these contracts? Does the well services side generate enough revenue to keep the company afloat until oil turns around? With no updates from the company it is difficult to say it's time to jump in or add at 3 cents. Even though Mr Morrison holds the majority of shares there is still other shareholders that have barely anything. A purchase from them could go a long way to letting us ( individuals with considerable amount of shares, not the person or persons that are thinking it's funny to drop the price on 3000 shares ) know that everything with the company is stable. GLTA