This stock seems to be doing well. Its income is still in the negatives but it seems to be picking up. What do you think
2007-12-24 15:59:54 · 3 answers · asked by Gibran S 1 in Business & Finance ➔ Investing
Yea, it's definitely speculative, so be careful! I see they're a Canadian company, but all of their oil properties are in India. Do you have reason to believe they're going to find anything significant out there?
Looks like there's also a fair amount of shorts in this one as well. It's down a lot from it's 52week high, this one may be a good trade for a short squeeze. Or it may fall below $1, it's hard to tell.
2007-12-24 16:45:31 · answer #1 · answered by qu1ck80 5 · 0⤊ 0⤋
Looks like a good specuative play trading at only $3.71 a share. Canadian based and in the energy sector where prices remain high with operations both offshore and onshore; no analyst coverage could be part of the reason for the lagging share price. Possibly an interesting speculative buy or at least one to keep an eye on.
2007-12-25 00:27:05 · answer #2 · answered by NJ Gold 5 · 0⤊ 0⤋
Unless you have years of trading experience...... penny stocks are the worst investments for "newbe's" to be investing in. Unfortunately, buying stocks under $5 is the biggest, most common mistake.
So.... be greedy and try to make it big... or be smart and learn investing. Penny Stocks are for the new investor, no better than gambling at a casino.
2007-12-25 08:16:22 · answer #3 · answered by Common Sense 7 · 0⤊ 0⤋