I have checked the recent SP and there are probably a whole lot of holders who think this "dog" stock is performing pretty well. Will have a been a number of people of who have just entered at 1.1 - 1.2 and with the price now 1.3 - 1.4.would be pretty happy with their returns so far
Likewise some people who exited existing positions at 1.1 -1.2 at a loss may now be a bit upset that they didn't hold on a bit longer.
Guess what i am saying is that your view that a company who has a large amount of cash in the bank, and is generating profits is a dog stock, is really dependent on the individuals view.
Is it still going to be a dog stock if they sell acreage, or develop all their wells and therefore continue to grow their bank balances and profitable cashflows?
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