RE:RE:RenmanRenman is spot on - the reason the stock is in freefall is “there's no guidance, no analysts, no news, no nothing?”. Its been almost 2 months since the AGM and the only thing they published was the voting results – pathetic. And what do they expect, support of the stock is based on a hope that 2nd Qtr. numbers will be strong.
And Straigh is right – the stock can easily be manipulated and its because there are zero new investors, news, etc. How hard is it to release unaudited financials to take care of this problem? The MDA which would follow afterwards would be a second communication, so you’d have two PR’s at a minimum each quarter. How hard is that?
I actually think numbers will be better than Q1 based on what I hear from others who attended the AGM. Sounded like tank car builds are baked at least until year end and they may actually be able to add more products. People also needs to realize the news is talking a reduction in growth not in production which is at an all-time high and overwhelming pipeline capacity. No new pipelines will be added till 2022 at the earliest which means rail is the only option. And then you have Ethanol cars that need to be retrofitted by 2023 ( I think)
https://oilprice.com/Energy/Energy-General/The-Permian-Boom-Is-On-Its-Last-Leg.html
Just my opinion.