As the stock market takes yet another dump today, I somehow got interested in our friends at Sanchez again and see that their stock is at $2.04 as I type this. This is down from a high of $37.59 on about June 1, 2014.
I thought I’d go back in this thread and see exactly what we were talking about when Sanchez started down the road to perdition, but this new improved software truncates all of the posts and removed five years’ worth of posts between the beginning in 2012 and 2017. If anyone knows how to look at this, please let me know. I am disgruntled in any case, but I digress.
I went back on the Sanchez web site in Investor Relations and see that the main stock price fall came in the second half of 2014. They announced their acquisition of what they call Catarina in south Texas from Royal Dutch Shell at the end of June 2014.
Their SN stock actually touched $1.98 today, which is getting dangerously close to being delisted on the NYSE.
Maybe they should have stuck around in this area. Just sayin’.