the limited value add by Elk itself given that a very great deal of the operational added value and destruction is done by 3rd party subcontractors and not within the direct control of Elk management
the equity destroying interest rates on the debt
The huge 20 USD gap between the revenue yield per barrel and WTI
And the total loss of credibility in the management
You could not possibly put this company in anything but the speculative bucket
ELK Price at posting:
1.3¢ Sentiment: Sell Disclosure: Not Held