How dumb would I have to be to throw 5-10k at this?
Not very if you don't mind holding it for awhile. Oil won't go up soon but must do eventually
>>1048007
>Oil won't go up soon but must do eventually
That's speculation at its finest. Oil is subject to laws of supply and demand.
OP, you need to realize that most stocks prices are indicative of their worth, all things considered. If this was a huge bargain, people would be buying this shit up.
You need to find out how long the company can hold out being undercut (cash) and what their break-even price is. Then you would need to calculate at what price level the company can start turning a decent profit again and whether that price level is at a point in time which you are comfortable with (assuming the company doesn't go under or get bought out for pennies by a competitor).
If you just want to gamble on a racehorse, you could just do that and find out how it went fairly quickly. If you want to make an investment, you need to calculate your odds.
>>1047957
Wait until it changes its ticker to CHKQ
>>1048204
kek. And it will too
>>1048223
That means it declared Ch. 11, dingbat.
