Post by
jeffrey8 on Apr 20, 2022 3:31pm
Not terrible news but not fantastic either
If I sold all my shares the price would go to .40. I am unhappy but holding. If news was so fantastic then why is stock down 10%-15% since the news release.
Comment by
RogueWolf on Apr 20, 2022 5:49pm
From a technical standpoint it was trading outside its Bollinger bands and overbought at $.75/share, I'm scratching my head a bit about the hedges but I think the new production will be a cash cow all the same at these prices. It's still a good stock, the markets just digesting the news release but there are wins in it nonetheless
Comment by
nozzpack on Apr 22, 2022 7:26am
Technicals have little productive value in such a lightly traded stock. The markets have had two down days so a bit of profit taking is to be expected.
Comment by
Mickey2 on Apr 21, 2022 11:16am
if you're a oil/gas guy, then you know that completing 3 wells is not really news...We knew it would be completed sometime in mid April...you and I know damn well its the flow rates that we are waiting for.