This was the reason that I sold out (but mainly to move money elsewhere).
I think it should still do well because it’s still cheap but given they were operating on negative gross margins during the last downturn it is particularly concerning. I also don’t think they’ve adequately decreased their fixed cost base.
That being said it is clear that oil is moving offshore again so there are at least a few good years to come- I just hate holding stuff I know I am going to have to flip when the tide turns, particularly when some pretty accomplished investors will all be looking to do the same thing...
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33.5¢ |
Change
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Mkt cap ! $74.97M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 33.5¢ | $19.85K | 58.45K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 34477 | 33.5¢ |
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Price($) | Vol. | No. |
---|---|---|
34.0¢ | 50000 | 1 |
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No. | Vol. | Price($) |
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3 | 34477 | 0.335 |
2 | 12560 | 0.330 |
2 | 8700 | 0.325 |
3 | 19950 | 0.320 |
2 | 5300 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 50000 | 1 |
0.350 | 61468 | 3 |
0.360 | 48197 | 3 |
0.365 | 30486 | 3 |
0.385 | 20000 | 1 |
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