Argentum 47 Inc (ARGQ)

[Glider549]

This oil company they just 'signed'.
They operate around Alaska, which tells me oil needs to around 60 USD a barrel for them to even begin to see any profit.
As long as the Saudis and soon to follow, Iran keep flooding the market with cheap oil, then I don't see this 'addition' to be c worth much concidering GEQU makes a chunk of their money with the companies stock.
Skydogs post also opened my eyes.
Thoughts?
I'm still in but almost back to my buy in price over three months ago.