RE:RE:RE:5% Loss For The WeekUppersDowners wrote: sure is some selling going on here as SPE is one of the worst today as some seller keeps pushing this down. getting sick and tired of all this selling for sure. SPE has got to have one of the best D/CF out there and make money at $45 oil so not to sure why someone wants this so low. There are a ton of all oil companies that are a lot worse then us that are doing better today. Talk about manipulation....
Everything bad about SPE is exterior to the company. Oil below $50, Trump's blah blah about NAFTA, OPEC, rising American rig counts and reserves...you name it...it's all negatively affecting Spartan.
The good news is Spartan is performing superbly in these adverse conditions. The market will recognize this, the share price will improve.
Hang in there.