GREY:MKRYF - Post by User
Comment by
jagsfan2on Feb 05, 2016 1:04pm
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Post# 24528924
RE:Closings & Royalty Review
RE:Closings & Royalty ReviewWell written post, Ninja.
The bottom of 13cents hasn't held but smaall energy stocks are so fragile right now, a drop in the Price of Oil always shakes out some stock that is not being held tightly.
I bought a few shares this am, with a stink bid but what has made me buy in, is that this stock was trading last week at 16cents and 8 months ago at 10 times today's price.
The debt/capital ratio is higher than desirable but the debt holders can't close down all the small energy cos., as that wouldn't get them all their money back or cut the supply of oil; so, like us, they just hold on and hope for better days.