It's quite volatile at the moment; a daytraders wet dream, as every point it fluctuates is ~3%. Pain in the ass for short and long term holders like myself, as it's being manipulated on the regular to fluctuate it in favour of market makers. Have much evidence of this in screenshots on my phone. I made a grand in a week of day trading it; this wasn't so much to make me money as it was to guard my long term investment from any fall into the 2's. But the recent spike screwed me over because when I last sold out for a $340 profit, the price continued to go up...forcing me to buy back in at a higher price because I feared it may not come down again - but as you know, picking highs and lows is as easy as lucky as red and black streaks in roulette; pure gambling. Short term, we may have some significant news coming in August re: seismic photography results that could see it break 4 cents again (I believe 6 cents+) if the news is positive. There is also the spud of our second well, progress of which alone should create a steady rise. So there's money to be made for all traders with this one, if you can pick your moments, but I think those who will benefit most are the long termers who are prepared to wait at least a year for the second well to be drilled, results interpreted, and joint venture / buy out deals signed. If that happens as planned, I think the share will be in tens of cents and potentially even $1+ if the price of oil continues to recover (it's had a sizeable slump recently). To give you an idea of why $1 a share is a long, but plausible shot...there is a conservative 1 billion barrels of oil under the ice and the break even price for fracking it is 39USD/barrel. Theoretically, if the oil can be pumped, for every $1 the price of oil rises above that break even mark, the company assets grow 1 billion dollars in value. There are currently 3 billion shares in market to my knowledge. In 2013 the price of oil was $90+ a barrel. It's a finite resource that if we don't find a technological replacement for in coming decades, will always grow in value over the long term. So to me, price slump or no price slump, one day the resource will be worth shitloads and that is why I think everyone should have some coin in this one...and do their own research. Not financial advice!