I think its a screamin buy woefully undervalued considering oil seems to be stabilizing ... they did report earnings after the R/S ... of course they weren't good ... but not super bad either considering the oil market in general ... still have 125 million in cash and credit total
debt about 100 million I think but not due in near future
If oil continues higher and I think it will (which means nothing ) price should really be higher than pre-split .38 which would put it at minimum 5.70
Absurd at this price considering all the data but ... the market is very cautious right now and with a float of only 8 million or so now this can get pushed around a lot
Tempted to flip but dang when it moves they spread the bid/ask and makes for a scary proposition to get out even temporarily .. if you want to hold for higher moves.... might get locked out depending on your personal cash positions.
This was .80 cents a few months ago ... in better shape now so frankly I'm thinking .80 x 15 = 12.00 a share minimum ....
Volume is fairly light ... need a fuse lighting Press release ... like retirement of bonds or something ... refinancing of debt ... or some new jobs growth ... anything positive could light the fuse
"Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.