Trading near 52 week low The 52 week low is at 13 cents/share which we are 0.5 cents off that mark. The second quarter is going to be horrible for all oil related companies which explains partly why many in this industry has seen their share prices drop. If anyone has a long term horizon, I believe this to be a wonderful entry point.
Wti prices are not far off the average of 2016 which was around $43 US compared to the present value of $40.58; however, the discount priced by the markets today is significantly more attractive than the prices of 2016.