Post by
radioguru22 on Dec 28, 2016 3:53pm
feeling a bit better since the double down at 19 cents.
Real nice up day on real big volume for this stock, especially considering the holidays and little volume in the sector.
This has been a rough ride especially seeing a double evaporate back in 2014 and adding to the misery since then looking for a bottom.
With $60 oil being the new $90 based on all the costs stripped out of these oil stocks, anyone have a best guesstimate as to where this one might hit its high of 2017 at?
While the chart on this one has looked ugly for some time, i see .50 cents in the relative short term...like end of Jan/early Feb around its earnings release and confirmation for the market that in fact OPEC/non OPEC cut backs have actually begun based on what we've been told.
Good luck on this one to all...i think we've seen enough pain for those who've hung on.
Comment by
BrokerG on Jan 03, 2017 9:55am
I am not sure the earnings will give us much of a boost but the new drilling results and more importantly any increase in reserves will be the main catalyst. I agree that .45 to .50 cents is a possibility if drilling results are positive. Oil price, is of course, the main driver. If we can maintain Oil over $50, we should have a very good 2017. HAPPY New Year!
Comment by
BrokerG on Jan 17, 2017 1:30pm
A little worrisome that our little gem is not trading higher with increases in oil prices. Further to the last news release in December, drilling of the well should be completed this week, with fracking to ensue. Most stocks trade higher in anticipation of drill results. BNK, however is lower, that is a little worrisone. There has been no volume either. Thoughts?