Post by
BenderRodriguez on Sep 12, 2018 5:33pm
What Gives?
A bad drilling result from the 3rd North Texas well?
Or just someone starting early with tax loss selling?
Down 11% on higher than normal volume on a day when WTI climbed over $70 again.
Thoughts?
Comment by
gvixid on Sep 12, 2018 7:39pm
Its been setting new all time lows on an almost daily basis this past week. Something is obviously wrong, based on the volume today. I'd guess there is an issue with the 3rd well
Comment by
downtozero on Sep 12, 2018 10:52pm
After all those with inside information have finished dumping their stock, then we'll find out what happened with well #3.
Comment by
downtozero on Sep 13, 2018 11:59am
They're still dumping today so maybe the bad news will be out tomorrow.
Comment by
downtozero on Sep 14, 2018 5:31pm
Dumping seems to be finished. Time for the bad news to arrive.
Comment by
philippechampy on Sep 13, 2018 7:59am
the previous well was drilled during the first three months and we got the result in June. The reason of these sales is that many SH are disgusted by that management, which pretends that the co doesn't need to be sold and is viable. Such fixed costs for such a little co are pure nonsense