I think we are a couple of dollars lower than we should be. It was/is an opportunity imo, double digits by year end, but that doesn't help the loss over the past few weeks. A stronger oil price wouldn't hurt. Getting through the secondary will help.
Did the company specifically report that they were going to do a secondary offering? I did not hear or see that exactly.. ...If that were the case..... that would explain the 40% drop due to scared money not knowing what the price would or will be. However if they have not publically reported that they were doing a secondary they may find other financing options and the extreme price drop was and has been unwarrented.