Comment by
trader99999 on Dec 03, 2015 1:27pm
If the Albanians release the bank accounts, it's a great buy. if they don't and production is cut back or ceased, not so much.
Comment by
Deepinvestor on Dec 03, 2015 1:29pm
How big of an impact could it have on SP if production is cut ? 10%?
Comment by
trader99999 on Dec 03, 2015 1:31pm
Well, it's down about $1.00 in the last month, mostly because of this fiasco. It was at $2.10 two weeks ago.
Comment by
WestCoastEagle on Dec 03, 2015 1:27pm
Buckle up. No one knows how the situation with the goverment will end. It sure would be great if Bankers will release an update on production/negotiions.
Comment by
trader99999 on Dec 03, 2015 1:29pm
Oil is UP 4% and Bankers is DOWN 4%....gives you a general picture.
Comment by
nexthink on Dec 03, 2015 2:25pm
It's normal our oil production is beeing stop now and our oil wells damaged. So our asset is losing a lot of value even if the albs allowed us to produce again oil in the future. Top of this, the country risk is way higher right now than 3 weeks ago so the stock price have to adjust accordingl. The damage has been done. Too much uncertainty here. We will goes down to $1 quickly.
Comment by
trader99999 on Dec 03, 2015 2:33pm
Nexthink...do you have the article where it confirms that wells are being shut down? I have only seen it mentioned on this biard. I have not seen a company release or anything else that I would consider reputable to support this statement.