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Message: why have we stagnated here?

why have we stagnated here?

posted on Jul 22, 2009 02:58PM

Befor the equity issue (and subsequent dilution), we had a market cap of somewhere around $700 million (and oil was trading lower at the time). The SP then was around $3.40. Now we have a market cap of around $450 million (and oil is higher), and today's SP is at $1.57 . This makes no sense to me. We should be around the $2.10 - $2.40 range. I'm hoping that a takeover is in the works, basede on a low average SP over the last 10-15 trading sessions. Also, if somebody takes out Nexen, that'll give us a nice boost. FRUSTRAT|ED!!!

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