Thursday, September 08, 2016 10:25:00 AM
My scanner picked this up & NOW my question is WHY? At first blush it looks like an ABSOLUTE DOG & the charts, downtrend, etc. tells a pretty sad looking tale. I guess it's time to do a bit of DD & see what's what....
Fundamentally, I see the delisting, recap & other ominous signs. The tide turned for oilfield stocks awhile back & may cycle higher this Winter/Spring in the U.S.; but the question is will this guy make it through without taking to RAMPANT dilution in order to do so & is that what the delisting was partially about?
Guess I'll find out soon enough!
$KEGX
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