Not sure where some of the optimism comes from - basically they are selling their assets and trying to "go again". Now trying to dispose of assets in a depressed market (oil price wise). In the meantime they are raising capital from existing shareholders to fund admin cost. I sold recently because I am not sure about the strategy. Long term oil & gas in USA I have no issue with - but without a clearly outlined strategy as to "what we are doing next", I am no longer convinced. If I want a cash box, I go to a bank. Hopefully there is a plan but if nobody is sharing what that plan is...I am taking my money and moving on. Good luck to all holders!
TEX Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held