Post by
Chas15 on Mar 03, 2021 11:52am
This is very frustrating tbh
I almost want to sell, I feel like in a couple months you'll be able to buy back in at 50% these prices if not more. I don't think anything negative has happened but just retail investors selling their shares due to being clueless.
Comment by
headtotoeinthe6 on Mar 03, 2021 12:05pm
Seems people are impatient and want to move money elsewhere for more immediate gains, or selling to buy up more shares in anticipation of further decline. i’m happy to buy up more at these prices, only cause the majority of my holdings were bought in the $4.15-$4.45 range.
Comment by
GorgeousGeorge1 on Mar 03, 2021 12:08pm
Lol. I can assure you I didn't read this before posting my own similar take!
Comment by
teheran10 on Mar 03, 2021 12:26pm
Send email to Doug Allen. I did. they have to be more accountable to the shareholders.
Comment by
SprengoM on Mar 03, 2021 1:38pm
They're doing just fine. They got 33M extra on hand and can proceed de-risking the basin without further dilution for at least another three well drilling campaign. As far as i'm concerned, the stock price is irrelevant until all holes are drilled and analyzed and we know how many oil there is down there.
Comment by
crude on Mar 03, 2021 12:30pm
Alot of stocks on sale today !!!!!!
Comment by
GorgeousGeorge1 on Mar 03, 2021 12:07pm
Yeah not fun. That slower than expected rate of drilling brings out the impatient. Lack of near term catalysts for upside means you can put money to work elsewhere and buy back in later. Something positive from the company would certainly kill that trade though