elk hedged their production, so yes a higher oilprice could help their share Price. But even more a higher oil production with more bbl especially from Grieve should be the bigger help.
Is it the fear that Elk goes bankrupt (another -30% today)? Or is Elk planning to sell more Shares because they run out of Money?
Or is sombody shorting the crap out of this dog, because he knows the Grieve production is kicking in?
At the Moment it is more speculation than Investment for me.
ELK Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
