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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@WorldofMining$CKI Clarke Inc. Reports 2015 Fourth Quarter and Year End Results and Declares Quarterly Dividend @newswire/clarke-inc-reports-2015-fourth-quarter-and-year-end-results-and-declares-quarterly-dividend Net loss & book value decreased for the Halifax-based value investment firm, which was hit by oil and gas decline. "Most of the companies we have invested in are exposed to the oil and gas industry in some manner. In the case of our energy basket companies, this exposure is complete whereas in the case of other companies such as Holloway and Terravest, this exposure is partial only. Given the state of the oil and gas industry, we expect many of these companies' share prices to remain depressed for some time and we would not be surprised to see them fall farther. However, this situation is transitory in nature in our view as the amount of oil the world needs simply cannot be produced indefinitely at recent prices without bankrupting the producing entities. Therefore, we look at the year past as a time of planting investment seeds that will offer rewards in coming years."