RE:Tracks oilI have looked at this company from top to bottom and I see no red flags at all that justify a declining share price below that of $2.50 given $50 oil.
They have managed this downturn exceptionally well on any metric. Bought the light oil from Arc and they were doing 3000 barrels a day, and are now going to do 21,000 barrels a day this year. They have loads of inventory and don’t need to make any more acquisitions plus decline rates are very low.
They are now cheaper than most stocks out there but way cheaper than the larger mid-caps.
I am going to continue to nibble here but at some point, I will have to go all in if it gets to a $2 level or below. Wait out the malaise and then enjoy a double or triple.