Almost full port on NINE
Buying the fear. William Monroe is a huge buyer of this stock with over $5 million in shares bought at the $1.20-$1.50 level last year.
Plenty of cash on hand, and this industry has been crushed for a long time now. There will be a rebound based on so many potential catalysts whether it’s selling energy to other countries, drilling expansions in Alaska, or god forbid a new war of some kind.
This is $25 mil market cap and they are bringing in $600-700 mil in revenue annually.
With the anticipation of rates coming down too I see them re structuring their debt/assets as well.