holy #$%$ you really are a screwball talking about losing a bet I never made a bet with anybody what the hell are you talking about as far as going silent I told you I have ever go on the message board because it's nothing but a bunch of people arguing with each other. there is nothing wrong with stating your opinion and what you feel.. nobody could predict how low oil would go I believe in time this will be trading at 10 or $15 per share it may be 20 years doesn't change the fact that it will still happen..how old are you? 10
holy #$%$ what the hell you talking about do you even read your own post it doesn't matter if the stock is $0.10 or $10 that has nothing to do with the point I made..what I said was too many people arguing and talking a bunch of nonsense that is not my opinion that is a fact I can read your post it's all a bunch of nonsense accomplishes absolutely nothing apparently you people enjoy arguing with each other..
I hardly ever read the message board simply because it's a handful of idiots arguing with each other saying I told you so that's not what I said yes it is I have proof see here is your post,, oh my god on and on and on.oil prices went from $100 a barrel to $40 a barrel it's not that complicated.it cost a lot of money to drill for oil if it exceeds what you can make when selling it that's not very good business..every oil company including Exxon Mobile is suffering,.is it possible this company as well as many others will simply go out of business of course anything is possible..the stock market is a risk you buy at a low price and hope someday it will move much higher not that complicated..many many people are averaged at $3 four dollars $5 even 6 or 7 dollars..most of you have purchased at .70 .80 $0.90 or maybe $1.00 and you're complaining..how pathetic..listening to the conference call the company sounds very confident in their future..Jeffries ask for payment in stock instead of money which proves they have confidence in the company's financials.capex cost of drilling reduced significantly..when listening to the CEO I get the impression something is brewing in the near future whether a buyout or a joint venture.also not hiring a ceo at the moment might be intentional because of a buyout..so if you own the stock you can either sell it or hold, if you do not own the stock no need to be on the message board talking a bunch of nonsense..so get out and enjoy life..Remember,, when you are sick and dying and laying in your death bed, one thing you will NEVER say "I wish I made more money"
making a prediction that a small oil company such as this one is going lower over the past year is no mind-blowing prediction.. my dead grandmother could have predicted that..people can make their own decision,, you either sell and possibly lose money or hold long term and possibly make money,, not that complicated
People will buy a stock like this at $2 but they won't buy it at $0.55 that makes absolutely no sense it's the same company same fundamentals nothing has changed why not buy it at a much cheaper price most people buy high sell low that's too bad.. I have no position yet
I guarantee if this ever Trade at $10 someday in the future you will tell people how you could have bought it under a dollar an the person you are talking to will say "but you didn't"... just saying
I do not own the stock I just keep an eye on it everything you said is 100% correct unfortunately you got a lot of thumbs down amazing how people want to believe things will get better
I don't understand something if you do not like the stock then simply do not buy it what's the problem if someone else likes the stock they buy it hoping it will go much higher.. nobody forces anyone to do anything everyone has a right to do whatever it is they think is best.
You are correct but it is long term they are also well hedged they also accumulated cash from sales and Oil will recover and the lifting of the oil export ban will open up new opportunities I don't see a problem