Oil Stock Report

[OilStockReport]

Was a bottom play and we picked up it around .25 + or _
I had higher ambitions for it early on but they realistically have not been able to overcome the larger issues.

Management changes since we originally called / played it also have made it a bumpy ride.
But our first call saw it run as high as .75 so that is 200%
At this point like that poster stated the debt / banks is the looming issue they could likely force into BK but naturally want to avoid losses.

So it is very spec now, however I really like their reserves and the upside potential but they are slipping more which is dropping the value.
So the key now is to watch for a technical bottom or any sign of a turn around. We still like the upside super spec aspect but I wouldn't pick any up just yet.