Would think the additional liquidity might push her over $2 in the near term?
most small cap E&P companies were down today. Sell off was light profit taking tied to the drop in WTI
In general agree WTI at $65 supports a price range of $3 to $5. I think we'll move back above $2 in the near term (maybe this week if WTI keep going up?).
Anyone know the date?
only a few shares, but make you wonder "what's up with that"?
Due for a spike. May not happen today or even this week, but I smell a move back to $2.00 in the near term.
They now have about $75 million in capacity. Still think it makes sense to buy in some bonds at 50 cents on the dollar. Won't get those type of returns with the drill bit.