Some fellow on BNN suggested that one single operation , out of a number, of this company should be worth about $10 on its own. Normally such talk is just that, but looking at the chart the stock does look pretty promising all though it is not clear what brought it down so dramatically, nor is it clear (to the market) what is going to resurrect it. Here are the charts;
Ignoring whatever fundamental hyperbole there might be, from a chart perspective this stock can easily climb back to , at the very least, the $6 level. Potentially a lot further. Notice that the stock’s gyrations are hardly correlated to the price of crude as it dropped from $8 to $3 while crude went from $115 to $87 or so.