I do agree something is wrong. We could hash over half a dozen ideas about why no one wants to buy this stock. Its IPO was at $14........
I've held my for a month and lost money. My first purchase was in $2.55 range. I don't see any buying above $2.05 in a week. When it gets to $2.05 big size appears on the ask. At the end of the day there is also a big dump every day. Very disappointing trade.
lots of foaming at the mouth. AREX up 49% in 3 days. AREX is another midland basin company that ECA could have bought for 1/10 the price of Athlon. Same number of acres as AThl.
I don't buy the NK link.....
back in Q1 2009 eca produced 3.9 bcf/d gas and 134 bod liquids plus refinery runs of 421k bpd. After the spin off of CVE all that is left is 2.2 bcf/d gas production and 60k/ day of liquids. In 2009 ECA's gas was hedged at $9.13/mcf......now eca's got about half the production at less than half the price. 1/2 x 1/2 = 1/4 the value......at the time of CVE's spin off eca was valued at $28/sh.....target price $7
My's fall after good earnings is just as illogical as the oil market's 40% drop on a 2% over supply. there is no rhyme or reason for most of this stuff.
Yahoo headline...Ira readies ICBMs against US...THEY DON'T HAV ICBMS THAT CAN REACH US!