RE:low?Lots of comments here on days when oil is seemingly up. The truth of the matter is the YTD increases in crude do not matter at all thus far. We are still at 33 doller oil. the % increase headlines are great for the media but in reality until we see 40+ oil, the big guys are still cashed out on the side.
So when you ask isnt current price a little low- at current oil pirces they are stil not profitable without any cash so does the relative price matter? Anyways do your dd and figure out if this company will survive until crude gets back over 40.
Disclaimer: I am a long term investor with an average at around $8. I believe this company will survive and in 3-5 years will reward me well for the pain i am experiencing today.