ACN 0.00% 28.5¢ acer energy limited

blood on the streets

  1. 7,809 Posts.
    Usually you would buy when sentiment had reached the blood on the streets level, but:
    with no oil receipts last qtr,
    only two qtrs cash left,
    a substantial seller now revealed,
    disappointing management,
    ambiguous oil field status,
    water problems,
    no reserve report,
    inability to sell oil at terminal for reasons not fully explained,
    I will not touch this again in the hope that it is taken over .
    This is not a downramp . It may have bottomed or it may have a long way to go .
 
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