Just wondering ELK's position if oil drops to $25USD per barrel. Would the business still be viable then ? Im thinking of buying stocks, but at the rate oil is retreating, Im thinking I might have a couple of years to make my mind up on taking a position. $25 is a real possibility, we're in uncharted territory.
Ive been a long term fan of the moose and it's members , and rode it to nice double digit profits, before the big announcement earlier this year. Which turned out to be a fizzer :(
Still , the company has a lot of potential, its the rest of the market that it rely s on that's disappointing. Unfortunately, you cant have one without the other.
Your thoughts are appreciated
Good luck to all those holding, and lets hope the announcement coming up is good!
Andyarlo
ELK Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
