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Did better than i expected....sweet. I'd like to thank the guy who put int the 112k order @2.20....held support at that level a long time. Strong finish was very nice. Now we got $2 behind us..we can move to breaking $3.
Sentiment: Strong Buy
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"Sometimes it works that way."
Yup, and they sure did wait long enough. My own belief is so many people, hedge funds, banks, etc, etc, were into it, the group was so heavily overweighted in it,everyone running for the exits and taking severe losses is what's caused, or is a main cause, of the market downturn. Not the falling price of energy which itself is known to be a benefit to economies. Just got overshadowed by all the losses taken from investing in it. that guy who was here and thought the opposite of a bubble was a static price level, he never could see the opposite of a bubble above the line is a bubble below it. Hopefully we've, as an energy group as a whole, been in one of those and maybe one day soon it breaks. All we need is a little progress on cutting down on supply for a time.
Another analyst trashed the stock today but it went up for a change. They sure waited long enough for their downgrade. Maybe now that everyone hates it the stock may go up. Sometimes it works that way.
"I know the talk of $80 oil is like a stretch at this moment,..."
Yup, many things can happen but for me $80 in 3 years would take something serious to happen. I don't believe it's all that much of a stretch though. Opec cuts and world economies coming out of their funk, subsequently demand rising much more than anticipated because of it. Maybe the world coming out of its funk in that time is a stretch though. Hopefully not.
I personally don't think it'll take $80 oil but something lower. That depends on them getting more lower production cost properties. I think more doable right now, presuming they can afford to, than $80 oil in 3 years at this point given fracking would come into favor again at a price well below $80.
With there long term hedge book thru 19 with oil at $85ish and gas at $4 to $4.30 maybe they just buy oil and gas and resell it? Is this possible. Then you don't have the related cost of pumping. Maybe just pump the minimum to secure lease holds??? I have no idea if this is legit. Any thoughts out there?
Saudi Arabia et al will not be able to out last hedges in many of the producers. The ones who did not hedge well and ran up their debt will be in trouble. Saudi Arabia will capitulate this year if they haven't already. That country is full of losers. Talk about wasting a perfectly good trillion dollars.
PVHO could be the biggest growth opportunity of the year. I know this post looks like junk but do your own research. PVHO already has over 1M in revenue + major contracts with national brands. Intel even got behind this one. Do your research before it’s too late.
wow, great job, thank you for pointing this out, like no one else has noticed this debt figure in the months of sharp decline.
I see the stock somewhat like a call option. most of the value of the stock depends on the probability of oil rising above $80 in the next three years.
the hedge positions of the company enable it to have positive cash flows for the next three years, meaning the current dividend of $0.4 a year is doable (cash flow around 100m and dividend payout around 33m). So for the next three years, you can collect $1.2 in dividend. Thus, whatever price of the stock(unit) over this dividend payout is like the price of a call option for oil to be higher than $80 in the next three years.
Should oil price rises above $80, the company can operate with positive cash flow indefinitely. With oil over $100, the company could potentially worth more than $10 a unit.
I know the talk of $80 oil is like a stretch at this moment, but three years is a long time and many things can happen. The imbalance is less than 2% of world oil production. Furthermore, the sharp drop in investment seems to suggest a shortage in the making two years later.
With the unit under $2, it seems I can buy a call option priced at $0.8 for the chance of oil rising higher than $80 in the next three years.
It got m#$%$ive resistance at $1.85...nothing left for short-sellers here. You can stick around...but more likely to lose yer #$%$ if you do. I look to see $2.15 close tomorrow. Then 3-10% a day to the $3.50 range. Try again after next dist. Might be something to play with by then.
the company told me their CA properties are on Federal property. This poster is nothing but a 2-bit scammer.
Give it a rest already. If your short position works out it won't be because of anything going on with the Beta Field, but because of a borrowing base deficiency resulting from the April redetermination, I don't think this will happen, but it is a real potential problem, just ask LINE. We won't know until MEMP's quarterly report.
Why? The feds are not the county of santa barbara. I think you way overvalue the actions of one local group and way undervalue the prospects of go-ahead approval.