I was expectingh to see TOL for a new base around 2.50 mark with the good q1 report and future prospects, but then late last week we crashed and burned with no news and even with all of this takeover take with nutcase.
what is going on here, sure we all know oil prices fell hard last week, but TOL has zero or very little debt and with 2 good oil properties.
maybe they scared investors with their 100 million capex, but I'm sure those numbers will coem down with falling oil prices and I don't see any major issues with TOL unless you consider positive drilling results as major issues.
I will continue to add a few here and there if TOL keeps falling, makes no sense to me. sure it's commodity based stock, but oil prices can';t crash much below 80 without a major slowdown in drilling is shale oil in USA and that will hurt jobs and hurt the economy.
High oil prices also hurt the economy but there s/b a balanve somewhere in the 90-95 per barrel we everyone wins.
China imported record oil last month even with a so called slow down over there, what to they know that the rest of us don't? OIl is too cheap, that's what they know.\
oh well, just rying to figure out the reasons for our stock falling, scared investors or manipulations of the brokerage houses or bring SP down to make a takeover premium look better than it actually is?
low float stocks are easy to play with, watch your back, somebody is playing this stock IMHO.\
DYODD