RE:WCE could come back if oil holds, based on their booksOil is up more than $20 dollars a barrel since October 2017 from $50 to $70+. This stock is a gift at 9 cents. Accumulate at these low level while you can, too many bullish factors with oil right now. Venezuela, Iran, Global Oil demand near 100mb/d, little upstream investment outside of US shale. Expect inflationary pressures and pipeline constraints in Texas. I made a ton of money off WZR.V, MEG.TO, ATH.TO, and CJ.TO. Now time to reap huge rewards with this extremely undervalued producing small cap stock.
JR12 wrote: Just looking at WCE's balance sheet, the company stands a good chance of coming back actually. They just got rid of $220K in debt with paper which helps too. $7.4 million in assets with now $3.4 million in debt/liabilities but their cash position at $256K is weak. Last quarter revenue went up to $400K with a $130K loss. But if oil can climb a bit more and WCE cleans their books up some more, including G&A expenses, perhaps they will be cash flow positive again?