Has anyone else noticed that the book value per share is $3.68 and the PPS is only $1.69? Not sure how much of a discount this should be trading at for its debt load though. Also cash per share is $2.08.. Thoughts? Stuck in at 2.10
The mms are more interested in trading it and so that's what I do. Just sold all the ones I bout at $1.60 and waiting down there for a refill. When it starts running up, we load and keep
Don't know about $15 but SSE beat analyst expectations by over $10 million in the qtr reported on July 29. Then the stock ran to $3.40. At $1.72, and with oil and oil stocks heading up...(some doubling EXXI, KEG, etc) you can expect this to hit $3.50 to $4 by the next report date of Oct 28 or shortly thereafter. Don't forget that SSE's main client has significantly increased production and SSE has been initiating a number of G&A expense reduction programs. I keep adding at every opportunity.
I guess someone wanted to make sure investors feel their presence here by sitting at $1.60. It's good for everyone. Hopefully, he they will keep it here till we sell other positions that have ran so high. Then we can come and buy more from them down here. I only have a couple of thousands but would like to add more after selling some other positions. Let's see whether FCX gets to $14 today...that will help
Oil is where to be. I bot a funny one yesterday. VTGDF, it was a gamble 200000 shares at $0.0201. Drilling co. It has almost doubled in 24 hrs. I also grabbed 200k of bankrupt HEROQ. And 10000 KEG. ALL ROADS LEAD TO OIL NOW as it heads up. Everything has its time.
Too_much, what is your price target within the next month?
Nope, Sack. SSE is one of the least indebted of all energy services and it is one of the least for PPS. When you consider that SSE pulls in over $1 billion in revenue yearly, while its debt is under $2 billion, you will buy with outstretched hands. Forget the noise about someone trying to paint it red on a great day for oil stocks, grab shares if you love money the way I do. CAUTION: I own some 55000 shares. Bot 30000 today.
It is the other debt I'm worried about. I've lost nearly $1000 on this. I'm not sure what all cuts they are making to weather the storm. I guess time will tell.
Same here....Looking for an oil stock to jump in that hasn't followed others and SSE is certainly on top of the chat. So, I got 4k at $1.58 and waiting just like you.
I'd just leave the bid there and trade other stuff. Certainly thought I could catch it down there
I didn't add that SSE has over $1.2 billion in backlog work as at last qtr. So, they are not looking for work, except that they jobs is not as profitable due to oil pps. But, SSE is no longer trading at $27.
Big mistake dude. I see you appear to know what you're doing but SSE will move like a bullet when you least expect. Go read last qtrs result and see where this is going. They cut off two less profitable businesses, they have slashed G&A significantly through reducing redundancies and job cuts, they retired over $40 million in debt, and will take delivery of some seven rigs that is already under contract. SSE is headed to $4 in a month. Mark my post!!!
Sold out at here for some $400 loss. I will wait and see what these market makers are doing with the stock and jump right back..but I need to free the cash for other oil-related trades. Seems like there's a clique that wants to control the stock.
It's easy to see how folks are flocking in here and shorts are trying to play. They are being destroyed elsewhere,,SSE is going to HUGE
That was supposed to be "large rebound" - google it two days ago
Based on the firm’s price targets, Morgan Stanley currently sees the most upside to Overweight-rated Fairmount Santrol Holdings Inc
, Seventy Seven Energy Inc
, Pacific Drilling SA
and C&J Energy Services, Ltd. NYSECJS.
Even without thee oil run-up, SSE has no business under $2. Grab the money when you can. I was telling folks the same on Friday with CHK and FCX at $7 and $9.80 respectively. I am maxxed out, tomorrow we load more