These are idiots. Look at the companies own by VRX. VRX will sell some asset to reduce its debt. When news announce, it will shoot.
Hold. New CEO will unlock its value.
10k shares. Betting this is the bottom. No bankruptcy. I'm don't like the CEO (too greedy). But, I'm betting this is the bottom, and the CEO will be ousted.
#1 Analyst in the world huh? You sound like a high school kid. It won't go bankrupt! Everyone was talking about CHK going bankrupt too. You will see on Monday.
It's an opportunity for you to average down. It will recover. Unless, U.S doesn't use oil anymore, these companies are the backbone of the oil economy. With oil down here, many companies can go belly up. I don't care if CEQP cuts dividend. It needs to do that to survive long term. I own CHK at $7. After knowing analyst target of 0.50, I decided to get rid of the position and move on at $2. Now look at CHK. The lesson I'm learning is not to pay attention too much to those #$%$. Do you own DD and take risk. I bought CEQP in the teens. I will add more down here. The risk reward is big. Good luck.
present your non-sense please! Why 2-3 make sense? I'm very #$%$ of with the analyst that target CHK $0.50. There are so many short #$%$ out there.