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Earthstone Energy, Inc. Message Board

  • booleansearcher booleansearcher May 6, 2013 7:28 AM Flag

    I see 9 of 11 institutional investors

    sold off their stock to zero. With the low float/shares the company is now almost private and it would be OK if the stock was rising but it has been a loser. So Ray you come out OK and the shareholders are not......sharing. Boolean

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    • Hey Boolean. Would you think something might be fundamentally wrong? And it caused the institutional investors to sell, along with others who have a better insight into the company?

      What if this share price decline is being caused by real problems at the company?

      • 1 Reply to realinvestmentstrategies
      • I'm sure it had to do both with liquidity and with falling oil prices -- we now need significant drivers to move this stock like rising oil prices, rising earnings, rising holdings value and more. Or he must put it up for sale. At the present position of the company I say 650k a year is not fair to shareholders -- if you want to be a big oil man then you need to perform. Right now this stock is in the tank and there is nothing I see that he is doing to alter that. For a long time he has discussed things that were going to significantly change this company for the good but we have not seen any positive outcomes SO - he was wrong. Maybe he needs to give shareholders 650k for hanging in there with him. Should I buy more or sell it - I see oil is down again. The market could well rise to S&P 1900 so we have a little time to join the party BUT.......will we. To date we have not. We are wall flowers and no one is even looking over at us so dancing for us is still looking slim. Boolean

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