I have owned this stock for a long time. I have always believed in it. But there comes a time when you must make correct investments decisions. For now the play is buy in when it goes below .20 and then sell when it hits .28. It does this time and time again. That's 40% every time it does that. No doubt someday will go over $1.00 when oil goes up. Which it will. But in the mean time make money. Isn't that why we invest?
Sold my entire position today @.225
I believe this stock is a solid investment. But you just can't fight the market with the price of oil. My logic is that this stock will drift lower for a while with oil prices going down again. The crude inventory report yesterday was just too much oil in inventory plus the Sadius are pumping even more to keep market share. Even with lower oil prices the stock should run up with the next monthly production report. A lot of new wells pumping, and the cash burn has stopped with all the new drilling on hold. So until the new production numbers come out the stock will just drift lower if oil stays flat or goes lower. Prior to the next monthly report I will load up big time and catch the wave up and then sell again. Love to get in around .16 or .17
SSN Looking good right now. First time I have felt positive about this stock in a long time. All that money they spent drilling and fracking is now going to come on line all at once. With all new projects shelved, cash burn will decrease big time. Oil heading back up. Nothing but cash comming in now. Big positives. I see a big pop soon. But lobg term the wells will start to drop off unless they get drilling again. But I see the next 6-12 months as good times for Sampson.