Post by
gvixid on Jun 19, 2017 12:34pm
New all time low
We touched 29 cents today. Obviously the market doesn't agree with Glass Lewis and their 'report' supporting current management. If you don't see where management is taking this, the you haven't studied the oil market with respect to junior firms the past two years
Comment by
lenumero66 on Jun 19, 2017 1:03pm
Interest will be low until the proxy fight is over...it's 0.29 but only on 41k volume (literally one $6k purchase). Volume last week or two has been low. If you believe put in a few low ball limit buys and try and steal some like this guy did. $12M for a 3900bbl/day is $3000 per barrel flowing. CAD. There is value here if this ship doesn't go under.
Comment by
ppp on Jun 19, 2017 1:07pm
WTF are you talking about, 3000 per flowing better add the debt to that.
Comment by
lenumero66 on Jun 19, 2017 3:03pm
You are 100% right, my bad. $24k per flowing.