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Re: NO OIL NO GAS 0 CASH post# 37962

Tuesday, 04/21/2020 2:02:34 PM

Tuesday, April 21, 2020 2:02:34 PM

Post# of 54156
go for it buddy and flip'em. June calls all day long at 5 cents. Who would be buying $1 calls 80 cents out of the money for a 25% to 50% premium at 5 and 10 cents? Especially when ZN has just added 100 million more shares with more to come once they start drilling? Big cash burn about to happen once they start drilling which will offset the excitement. Another 7-15 million just to get rig transported in and crew on-site for a year. More reasons to sell calls for profit now.
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