Meta Materials Inc (MMAT): I guess it comes down to how oil prices...

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Chronic The Hemp Hog

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Chronic The Hemp Hog

Re: DickRichards post# 345

Sunday, 01/28/2018 9:25:12 PM

Sunday, January 28, 2018 9:25:12 PM

I guess it comes down to how oil prices hold up with all this new production coming online. US production breaks 10 million per day that causes a lot of concern especially for equity investors. Even if the well performs better than expected if the production in US drives prices back into the $50s or worse this stock is not going to move much because the earnings won't be there.

It is still a very speculative play right now but I like my chances with this one. The downside seems limited as the price hasn't moved much despite big gains in oil prices since the start of the year. The upside has a lot of potential that far negates the risk involved in my opinion.

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