Savvy Trades and Investments

[researcher59]

PVAC -.06 to 32.69, this stock has gotten crazy cheap at just 3.5x analyst 2019 estimates - which they should beat easily barring a further big drop in oil prices. Earnings are untaxed, but they have huge operating loss carry-forwards that will last for about 3 years at current earnings.

Back in December when oil was below $45/bbl the stock was still around $50 ..... now with oil at $58/bbl the stock is $32. It makes no sense !

At least the chart shows strong support in the low $30's. It has never traded below $30 since late 2016 when began trading after emerging from a bankruptcy restructuring (aside from a bad print of $15 which the chart erroneously shows).

I continue to accumulate but already have a larger position than I'd normally want.