Nuttall out is a good thingSo the more I think about it, the more I like the idea of Nutall selling all of his shares. I don't think that he is ultimaly who will drive this stock back to it real valuation.
In fact he has often been the selling pressure whenver it does jump up. Pump it on bnn and then selling his shares to dive it back down. Then buy them back again. If you watch the interviews in a row you can see the pattern.
Even the large short position that appeared might be attributed to Eric knowing a bunch of people will dump when he said he sold his shares. A $.10 or $.20 drop on 10 or 20 million shares is a nice quick payday.
The good news is he sold 50 million shares and the price really did not drop that much. Also someone out there is quietly accumulating shares in th $1.20 - $1.30 range for some purpose. Lets hope they have the resources to drive it up double or triple when they are ready. At $90 oil, ATH (even with the crazy recent multiples) should be a $3 stock. At $100 oil, would be an impressive feat to keep holding it at these levels.
Earings in March should be a serious inflection point. Eventually, there is just to much free cash flow to keep playing these games.