OTCPK:AVEFF - Post by User
Comment by
zadmanon Jul 25, 2017 11:50pm
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Post# 26509442
RE:RE:RE:The CFO must be kicking himself
RE:RE:RE:The CFO must be kicking himself 1. Underestimation of the magnitude of the oil price crash.
2. Several untimely acquisitions as a result of point 1 that wrecked the balance sheet.
3. Collapse of demand for rig moving services which subsequently collapsed the pricing for services.
4. Continued low price environment has kept a lid on pricing power ever since.
Big list to be sure but considering the financing went a long way in the direction of fixing balance sheet issues (at the price of dilution to be certain) I ask you, what else is there really to go wrong here? Outside of oil collapsing back to the mid 30's, I don't think much. Every company and industry metric is up materially from the lows yet we continue to bounce along the bottom. I chalk up the current price to truly inefficient mkt pricing. Maybe I'm wrong but I've put my money where my mouth is. Aug 15th will be another piece of info to tell us whether I'm right or wrong.
Zad