I've been a holder for the better part of the last year and the company's been a big disappointment. Another factor that's out of the company's control is natural gas prices. Any successful wells brought in may not cover production costs with prices this low. Unfortunately there's no OPEC to cut production when it comes to natural gas. I've been liquidating this pup since it broke down thru solid support and finished selling yesterday. I'll look again some time down the road if prices fall steeply from here, to about the penny range or so.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.