RE:RE:RE:Gap to fill at $6.57As a reminder the main reason this stock lost its bottom and fell into abyss is because the friday before the black monday management filed a shelf registration which typically is done to raise equity by offering stock in the future.
Secondly which is the most significant reason for the drop is that the debt to equity ratio is too high. The fear of bankrupty caused this thing to tank which the shorters took advantage of.
If you have been in this long enough, I can tell you and you will agree this company will exist past 2021 - 2022 which is when I believe Oil should be back upto 55$. I have read their financials and have closely watched their 4 fields that are allways cashflow positive. Now we all know we will show a big loss - most of it relating to reserve write off and cost of the late hedge which they will take in the front end, however I feel we will have beat on EPS like have done in the past 3 quarters. That couple with details on how much money the hedges will make will make this stock a high flier in the coming months. If you got in at the bottom 2.41 USD then you know by now you have doubled your money. There is much more room for improvement.
If you want to get out I suggest you make determination only if you think they wont be able to make interest payments