GREY:CEQXF - Post by User
Comment by
EstevanOutsideron Mar 11, 2020 11:27pm
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Post# 30797078
RE:RE:RE:RE:A Herculian Effort Here
RE:RE:RE:RE:A Herculian Effort Here except the drop was not specific to cequence. "premier" shale names have lost 75% of their value in the past month, so I would say that Cequence has held up pretty well considering.
The bid-ask spread today was crazy. There are no sellers left.
Expect gas prices to improve to $3+ this year as capex collapses in North America.
Natural gas demand continues to grow.
We appecite your comments leopold, but as you were told: the stock is already down 98% and in my case, my average is 0.93 cents so we are already skin in the game. This is not the time to sell as there is a chance of a huge natural gas spike as the US shale industry goes bankrupt.
Cequence is not a leveraged oil company. It has proven to have individuals within who are supportive of the company.
It's a game of system elimination - Cequence can survive several more quarters.
Not the time to quit and take your 0.11 cents.