Post by
Cruizer11 on Apr 27, 2016 11:08am
Share price going forward
Is there a reason why this stock can't pick up any steam?! Not any negative news I can find recently and everything is in the green in energy but this trades lower. So confused
Comment by
tvstock on Apr 27, 2016 12:12pm
This is a 7 dollar stock last March when oil is around 45US. The fear of TBE acquistion should be the reason. What an under-performance lately when compared with other oils. Actually I see a high chance that TBE can survive with WTI 45. Banks should/may relief the debt repayment required for TBE.
Comment by
tvstock on Apr 27, 2016 12:33pm
Issue of new shares should be unlikely given there is a reduction of stated capital motive. IMO.