RE:RE:RE:i am in love with this company When price of the commodity collapses it results into huge impairment charge as the evaluation of the assets & especially reserves are done at a much reduced rate for that commodity. Lot of companies were forced to write down billions of dollars of assets in oil industry. Depending on the size some companies has to write down massive amounts which are non cash item.
Oil stocks have bottomed out as crude prices have bottomed out. Some stocks do better than others & eventually the lagging stocks catch up. You can always have fake heads from time to time.
Further recovery in oil stocks will depend on the further move up in oil prices. The price of oil is the most important factor for change in oil stock prices.
You should be able to access one or few analyst reports on your brokerage website. Check on Google finance for more.
If you want to learn about investing & about a company do not ask people of boards for help. Learn to find out information about the company yourself. Read all the important information about the company. Do not take short cuts. Every public listed company has to issue all the financials & material information to the public. You will find that on the website of the company. They will have presentation too with additional projected information.
In addition by law all public information has to be listed on Sedar.com which anyone can access for free.
https://sedar.com/homepage_en.htm You should learn to properly read the balance sheet of oil & gas companies.
You should go the company website & read all the news releases, financials & presentation. You will find all the answers to all your questions & lot more.
This will give you better understanding about the company.