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Re: catdaddyrt post# 392

Tuesday, 03/21/2017 5:29:32 PM

Tuesday, March 21, 2017 5:29:32 PM

Post# of 540
Crude oil is currently drooping and having an effect even though xco has a significant production of natural gas, which, by its nature, is sold domestically, insulated from the world price of oil. Still, the sector sells off when crude dips, today the overall market is down so that is putting double pressure.

Yeah, will need to wait for oil to start ticking up again, for one thing. At some point, bargain hunters should start coming around again.

It still is appealing as a bargain. It's not a risky start-up, they are an experienced business and have cash flow etc. If they return to even half of their former glory days, those of us who bought some around this level should do pretty well. Eventually...

imo