VRX, the same company that has lost more than 90% of its value over the past year? If it keeps losing 3-4 hundred million a quarter it wont take long until it goes under. You should be so proud that you made 16% on one day because thats the last positive for that stock since we all know that it will continue to drop all the way to zero. Thanks for the laugh
beefstu57 is the idiot. He has not said one thing to prove he as a brain. As I recall many times he claimed just like gamedude did that GME would be bankrupt by the end of 2015. How did that prediction work for you two morons?
the problem is this company is essentially a start up. They have several wells but none of them are churing any signifant oil to show signs of profitability. The company has never made a profit in its history. Assuming the two wells worked as planned and oil was sitting at $70 a barrel we wouldnt be having this conversation. With oil prices at the level they are now and the situation this company is in I doubt they will be able to substantially increase their thru put and likewise they wil continue to lose money until either Oil gets back to $70 a barrel or they go bankrupt. Which happens first, I dont know however there are a lot better oil companies you may want to consider. I wont touch drillers at this time however I bought one refinder MPC and thats it for now until oil capacity is affected.
I was long ERN but got out in December and glad I did. They have a lot of bad quarters ahead of them and this stock will be trading under a buck by year end. Not saying it will go bankrupt but I wouldnt touch it anytime soon.