These guys aren't going out of business. Just the downward cycle as they go down further than the others due to their business. Funny how analysts say they need $70 oil which is bs. If you sell at these prices it just creates opportunity for others to buy....though many get too stressed and bail. The CEO & BOD may surprise as I think we all don't expect much good out of them.
Contrarian good sign when the articles keep shaking the bushes...that $70 is breakeven for these guys (writer another AF) and this recent article. agree GS is a player here moving to the downside. Lower will be the short-play here but make SA prove they can produce 13M bbls/day. Would be good to get oil people who know how to run a company in here!
Agree! CEO or mgmt made such a wrong decision on this latest process of information. Next guy up needs to correct. For newbies - a good entry point. Product is still a blockbuster. Tough that values have been hit this hard - though long run will be ok.
Have appreciated your input over these last months and your encouragement to new buyers. The lawyers spin and AF shots are just noise...and it's a shame that retail folks have bailed. Agree that this one is ready to run. Keep up the good work! Cldx, Nwbo have been past AF targets too, but they too will run. Look at Gern today...another one similar to gale, and srpt....I've stayed with all of these....though now Gale is ready.