Post by
mike49 on Jul 10, 2016 9:10pm
Just me
I dunno-this is playing out like I thought it would (and confident that it still will).
Hawkoil is right about selling if you want to book a loss but don't wait too long.the 30 day buyback rule will be up and the shorts come off and then some movement up,at least to placement price.I still expect 30% up off last week's price in a relatively short time frame.beyond that,mngt knows they have to hit at least .35 before tax loss season or south we go and kiss goodbye the capital from warrant exercise.oil price I know but there are other moves to make.
A lot will depend on the next md&a.the books need to be cleaned up and g&a costs come down.
The bit will turn regardless or depletion will kill them.
This isn't a zombie company-I think mngt is learning as they go and it says something that too is still here,considering the environment.
Imo,no buy out with the royalty deal in place-hope too can convert that to equity or buy it out.those guys in tough as well so who knows.
enjoy the summer
Comment by
SweetTiming on Jul 14, 2016 2:41pm
I just knew if i pulled my large buy at 17 it ould hit it a day l8r.... sure enough....