Post by
Roverthing on Jan 09, 2016 8:24pm
Crude oil industry is not out of wood yet.....
This year, Saudi Arabia has a new goal and is still very well determined to continue to pump crude oil as much as they can in order to keep the price very low and consequently give hard time to Iran to develop its own oil industry. Unfortunately, this kind of war in the crude oil market might last many months more and the price could continue to drop much more. Few months ago, they were talking about crude oil at a possible price of 20$ per barrel and not much people believed it, but now the price continues to decrease and is getting closer and closer every week and 20$ is more likely to be reached. GLTA IMO
Comment by
Roverthing on Jan 10, 2016 3:04pm
It would be so simple for the company to release a guidance report for 2016, like many other oil/gas companies are doing now to inform and reassured their shareholders. But they seem not to be interested to do it, why? Next quartely financial report will be by the end of February. Let's hope that the SP doesn't drop too much more for the time being. GLTA
Comment by
Roverthing on Jan 13, 2016 12:38pm
Not much people are posting here now, a lot of shareholders have lost interest in this stock. It is almost normal during this disaster in the oil industry. Anyway, we can't do anything about it. GLTA