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Wednesday, February 25, 2015 12:05:15 PM
I've read some recent posts expressing frustration with the stock price which is understandable. However, I think y'all need to take a step back and ask what your investment objectives are. If you define yourself as a "trader", then flipping oil stocks right now is obviously not the best decision. Don't buy into a company whose performance/stock price is tied to the oil industry.
If you define yourself as an "investor", buying into oil related stocks right now is the perfect timing and opportunity. You've got to look at the big picture and remember that oil is a limited resource. Demand/price will eventually go back up as supply goes lower. Whether this is 5, 10, 20 years.... Personally, I'm buying as much oil/gas related stocks at these levels as I possibly can.
As for the company, I don't see how some of these posters are criticizing the product, management, and their overall success. Yea, the stock price has gone down from $6.00 pps to $2.11 pps over the past year. But, it's also gone up from $1.40 pps to $6.00 a little over a one year period under the same management. The market dictates the stock price, management has influence on the price but much less than the market does. Management actually made a very good decision to issue shares in the $4-$5 level range to raise capital rather than doing it now. They would possible be in a worse "cash-crunch" situation now if they didn't make that decision.
If you want to sell and take your losses then go for it. If you want to add to your holdings and greatly improve your position when oil goes back up then go for it. No way oil will stay this low for the next 2-3 years. Think about some of the emerging economies like Southeast Asia and India that will greatly increase demand for oil as their economies expand and develop over the next several years.
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