Never invested in stock with such poor communication (no financials, updates getting less detailed and farther between.........................). Still think we could drop to $15 or shoot up to $25 in a minutes. Crazy the lack of communication or details of how they are doing for a public company. At this point, only the insiders know how they are doing.
i think this stock has the potential to move up or down $5 or more in minutes. It remains illiquid. If, if they can get their act together, its should be a good 2015
Feels like she'll move back above $1 in the near term. Market Cap seems like it should be than $100 million.
Anyone short is going to get cooked. With the hedges, company seems to be fine to wait out the down turn in prices. Expect we'll trend up from here. Didn't get any shares at $1 (my target), but did buy some shares.
what I find weird is that management allowed itself to be over leveraged without 100% downside protection + little protection from increased interest rates. If interest rates raise, they could get slammed too.
I have a $3 to $4 target, but think it will take 2 years and $85 oil. At the current oil price, company appears to have no value. Thus I view my shares as a long term call option on oil (which I think will move back to $85 in 2 years). With the hedges in place, I don't see a risk of bankruptcy for at least 12 months.
30 cents would be better than $1. This said, think she'll bottom at $1 so that's my target. Company has a lot of hedges that will burn off over two years so think sell off is over done (even now). Expect oil prices will move up to $80 at some point in the next two years and the stock will move up as prices recover. Two year price Target is$ 5 (a 5x if you buy at $1). High risk? yes.