Comment by C32BTTon Jun 13, 2023 2:33am
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Post# 35492992
RE:Soooo many warrants cashed in , everyone dumping them
RE:Soooo many warrants cashed in , everyone dumping themIt's not just this stock that's getting hit hard. Look at PHX and the other oilfield servicing companies they're all down from their Jan 2023 highs. For example, PHX went from $9.02 to its recent price of $5.69, so CET going from $1.52 to $0.63 seems reasonable. Maybe a little lower than it should be, but PHX pays a dividend, which I think is the reason it's holding on a little better than CET. People should just focus on the fundamentals and have a longer-term view. Not sure how low it'd go, but does anyone really think it's going back to $0.06 like when everything completely closed down? Probably not. People just projecting recession and fear.
Just curious where you getting the warrant information from?
Bought by a bigger company? That's always a possiblity if it continues to trade low like this, but I guess it would need approval from major shareholders like the Wilks brothers. Maybe Wilks brothers can buy CET like how they tried to buy the other Canadian oilfield services companies. Not really sure why they haven't tried since they already own a large share.