I see a few downrampers too
Lacking in cash?
Let's look at their current announcements and facts.
They are entering cashflow positive and started to pay for more drillings with it.
Their production continues to increase and expanding indicating they are on a momentum to grow bigger.
22 Nov 2021
3.2 billion SOI is also pretty common, it's not a big deal anymore.
This is a penny stock, with a very cheap price of $0.005, SOI in the billions is expected.
I have seen many downramping activities with little research done on the company.
Most often they just quoted 'SOI' or 'no cash' or 'consolidation' while ignoring the potential growth, current income and assets the company has.
With the current energy crisis, adding a growing energy company in your portfolio is a pretty good idea in my opinion
