Do you think a new Market Maker could be responsible for this?
At the same time this could be also operational.
Bright side is 30million shares will be bought back.
bonds are crashing which is more of a problem.
49cents on the dollar showing extreme stress.
The entire 100% of my portfolio on this.
I am not an oil investor just a contrarian investor, I dont know whether oil bottomed longterm but atleast it bottomed short term.
I agree with your analysis but disagree with your conclusions.
PWE has 2b in debt, 2b marketcap and 2b in revenues.
In an extremely stressful oil price scenario, I dont think market cap is sustainable.
More likely the marketcap will be cut to $1b or $2 per share.
Based on how coal is trading you could be right.
All these iron ore companies are too much dependent on China which is a big problem.