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Re: HallaDurg post# 216

Thursday, 02/18/2016 10:20:04 AM

Thursday, February 18, 2016 10:20:04 AM

Post# of 541
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 wink ) 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."

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