Post by
wittmann on Nov 13, 2019 4:36pm
Air hasn't been cleared just yet
You guys,Broker excluded,don't get my point for some reason.For the honest truth,for what it's worth,I am under water with this company,however my wife sold hers at plus 50 cents and did very well.I have been in this stock for the better part of 7 or 8 yrs so not much anyone here can tell me about this company.Collectively she and I together didn't do all that badly,but that's not the point here.
For those of you married you should know her money is hers but my money is ours lol
All is not negative with BKX,after all they did make a profit.As Carbonbull pointed out there is value here.Again that's not the point...theres value in many small oicos and nobody is interested.Nobody.
Furthermore Its ignored by you new guys that fracked wells have a far higher decline rate than traditional wells..as well as a much higher cost to initiate.
We can all trumpet the virtues of this company as it is indeed a survivor...but a look around the world and the negative sentiment towards oil,shows even a blind man that right now oil is out of favour as an investable commodity.
It matters nothing of the fact that the world needs oil,and will need it for decades to come...it's all about sentiment.
Right or wrong that's how it is.Take your time and look at the price chart of any oil company you want...everyone is down big time.
I know ...I own quite a few oil company's...not just this one.