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Groupon, Inc. Message Board

sbrodeur33 4 posts  |  Last Activity: Jan 7, 2015 11:26 AM Member since: Aug 22, 2007
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  • sbrodeur33 by sbrodeur33 Jan 7, 2015 11:26 AM Flag

    That's the only question you have to consider. They have a decent amt of cash, but it will be quickly burnt up if oil prices remain low. If they move out of Canada it looks like they will only have operations in Australia. Does anyone know if they provide services to the USA and if so how significant is it to their business model. Or do they provide services to actual drilling operation, or are they mostly providing services to shale extraction. With the oil prices being so low I don't think it is profitable to retrieve oil from shale so where does that leave them. I still think this has some downside but that's just my opinion and that don't count for much.

  • Reply to

    I wouldn't touch until oil settles

    by sbrodeur33 Jan 6, 2015 12:09 PM
    sbrodeur33 sbrodeur33 Jan 6, 2015 1:23 PM Flag

    I agree production won't stop with the average price of extraction being about 7 bucks a barrel the oil producers will continue to do what they do best make more money. But the perception of cveo is tied to the price of oil and if they are revising their revenue downward at 54 a barrel (a few days ago) what do you think their revisions will b at 40 a barrel or 30 a barrel. I guess when you buy this, one is thinking the drop is over, I'm not so confident the drop is over for oil or cveo, but time will tell.

  • With a 2-4% drop everyday in oil this stock will most likely continue to get hammered until we discover a bottom. Unless cveo can figure out how to earn revenue some other way from their assets.

  • I don't like the fact that it didn't hold it's price but that could be day traders the price should continue to rise but one never knows in the market!

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