What do you think this stock will be trading at after another horrendous earnings report? Look at a chart on what happened after the last two dismal earnings reports. And what happens if this market finally sells off big time? $3 at best price? Looks like that one guy was right on with his dire price predictions. Oh, by the way, NG is already UP 5% YTD.
CEO was fired, let's agree on that first. The company just restructured its balance sheet. Div cut and kitchen sink quarterly report is coming. Stock is grinding lower because no one will step up into earnings.
Well, I thought we would hit 4.75 and get support looks like we may hit 4.50. Even with the five dollar shares bought buy Wilbur he must be way under water.Tthey need the pps to go up even more than the rest of us to bail out.
He's losing what once was one big fat wallet. It's very hard to watch your portfolio being dragged down because of a one XCO. I suffer daily with everyone else here. What irks me is NO insight from the management team here (probably because they have nothing positive to report) but still this stock is heading to who-knows-where to the downside. And NG is UP 5% YTD. There's NO support here nor reason to buy. The rights thing was a PR campaign that bombed big time.