Yeah it's pretty disgusting what is happening to TEX and TEXOB. Maybe there is rumour that the 2nd frac might not go ahead, could be problems with the well - who knows.
But I simply don't like what's happening - regardless of how much is in the bank, no debt etc. This company is simply not making any money (profits) and this is what investors do not like.
I'm coming up to my 3rd year in this company and I've seen this happen before.
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