queens...I'm confused with your reply - it appears you and I "agree":
Agreed! "no good fundamental" i.e., ".40" pps.
Once upon a time, before the market crash when oil was $150 barrel, this company had potential. There is indeed oil in the ground - and a huge supply of natural gas. The CEO kept TIV out of debt, and OPUS helped finance - with hopes of making a killing on their investment.
Years now have passed. No return on OPUS investments, no money to run the pumps, staff laid off, ...you get the picture. Fundamentals have changed considerably.
Heh, heh... if you followed this company, you would know why those events occurred.
"Rumors", rumors that never came true.
And FYI: I first bought into this POS at $6 pps. yup, been there - done that.
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