RE:Anticipating Oil downturn?I posted the following, back in February after the big offering. I didn't get much of a response back then, but is anyone else starting to appreciate the share offering,at the elevated price, more now that there is such downward pressure on oil and OPEC seems to have lost control.
Pjanimal - (2/28/2017 8:38:06 PM) Anticipating Oil downturn? Any thought that BBI felt the OPEC cuts were a failure, oil is about to enter another downward cycle and GB wanted to secure financing beforehand to continue growing the company while other companies duck for cover. He did this back in 2014 at 43 cents, did he not. If this is the case, I see longer negative pressure on the share price than I would like, but a bright future. This is purely speculation. I really look forward to his comments on Thursday. Either way I bought some more today. Maybe too early but before yesterday didn't think I would pick more up at these levels. Glta