RE:RE:RE:RE:RE:RE:RE:RE:One word: BankruptcyNot manipulation but rather its summer in Canada...good luck finding a bid an any small cap names. The XDC/Akita merger is due to close in several weeks. I think it plausible that the combined company could make a bid for WRG but can't see them paying more than 1.50. Back in 2010 it was a recapitalized WRG which went on the buying binge as it took out Pantera Drilling and followed by Stoneham Drilling.
M+A will continue in the space, makes 2 much sense not 2.
Snowhouse wrote: This is nothing more than a manipulation. Seems like the same person with different accounts is selling and buying. I bet only 20k - 30k shares would drive the SP above $1 whenever the MMs are convinced to move the SP.
It's a great time now to accumulate in this range. I do not see anything like BK here. Many of O&G related stocks are trading at multi-year lows or Lifetime lows. Doesn't mean all of them going BK. It is just a cycle. This will pass and an uptrend will resume at some point soon.
SIGG1 wrote:
I know whay you're saying but do not try to catch this falling knife, this will keep dropping and you will get burnt again.