Well, after the shocker of a 15M$ PP at 0,48 the stock has been really oversold.
First and fore most it is very good that WPX was able to raise 15M$ in a private placement and at a good price.
Yes it is dilutive to actual shareholder BUT this is a speculative play and the actual share price is not the main important factor to consider.
The real question is: Will they find a partner ?
My answer is that the probability are really high otherwise who would invest 15M$ in a company where there is simply no chance of success???
One thing is almost sure is that WPX will rebound at least over 0,50 for a close to 15% gain on the short term unless a very bad new comes out of WPX.
So at actual level i am in to add a small position to play the rebound without selling to much of my core investment and at the same time trying to lower my overall share cost.
As usual DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
First and fore most it is very good that WPX was able to raise 15M$ in a private placement and at a good price.
Yes it is dilutive to actual shareholder BUT this is a speculative play and the actual share price is not the main important factor to consider.
The real question is: Will they find a partner ?
My answer is that the probability are really high otherwise who would invest 15M$ in a company where there is simply no chance of success???
One thing is almost sure is that WPX will rebound at least over 0,50 for a close to 15% gain on the short term unless a very bad new comes out of WPX.
So at actual level i am in to add a small position to play the rebound without selling to much of my core investment and at the same time trying to lower my overall share cost.
As usual DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
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