RE:RE:RE:RE:RE:Pemex, Libya, hurricane. Oil prices will rise at some pointI agree that this lack of refinancing news could possibly go on until the the expiration date of the Notes. Maybe they are unable to refinance at a lower interest rate and just accumulating cash on hand to pay off as much as they practically can. Remember that they guided the cash balance in Q2 report as a year end number. All of this suspense is just weighing heavily on shareholders patience, and Nothingmatters is just one example.
lovehockey wrote: I totally support you. ATH in these last weeks is not in a good place in terms of trading. MEG and BTE for example are much more fun and they definitely look better. I have seen this game before when washtraders attack ATH and keep the price low it can go on for months. I think this can go all the way until February 2022 (maturity day). Somehow these wash traders may be in the same boat with the management and it is all related to bonds. ATH price right now is simply ridiculous. Good luck to you with your other investments.
Nothingmatters wrote: From 400,000 to zero shares. I am done with this stock. Doesnt seem right anymore. I am now in bte, nva, tve and obe..
Nothingmatters wrote: This stock is lagging quiet a bit now.. compared to bte and meg.
cahclick wrote:
Market price is market price but it's really hard to believe that the market isn't rigged when a bunch of market production is removed and the price drops.
I guess patience remains paramount.
glta
bosstrade wrote: Pemex fire, minus 400 k and still not fully reinstated. Libya lowers output because of funding. And osome 90+% of gulf oil off line. A bonus is Shells rig floating off into the sunset.
It will comical if traders can keep it down. Covid can put the fear in traders but with continued draws, it will be only a matter of time until it rises.