drwho my guess is that companies with net cash would all have a very little % chance of bankruptcy. this however is a very basic and poor measure. i also find that severe dilution in some cases ha a similar impact on wealth destruction than bankruptcy
on a separate note, i am keeping an eye on this stock , and for the record i am prepared to bye off the back of solid exploration results. to date though, i ma seeing many shale sector stocks struggle to get traction, MAD, RFE, STX, SSN etc being just a few. I think the success is centred around companies who manage to find the sweet spots, and there seems to be 10 that don't for everyone that does.
I am reading and trying to understand this sector more so don't be shocked if i buy out of the blue, i am not nut
AKK Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
