Wondering if I should bail before the earnings anouncement this week. I am in at 39.16 and I am thinking that it might drop, allowing me to re-enter at a lower price. Anyone out there have a feel based on the expectations if RRC is likely to disappoint analysts this week? Given the low cost of NG, it seems it would be hard to impress the analysts....just curious what you are all doing.
I see little hope unless they mention that athey are open to offers. I tripled up at 37.02 and am now down on that- wasnt around early to put in a trailer- maybe the expectations are so low- little chance to disappoint- tough to say- so much noise in these ng earnings- id sell 1/2 if you can get over 37 tomorrow- id like to hear from others- gl
Well by the price you stated, you'll have a wash sale if you sell now and buy back before 30 days - really no big deal. I think you're downside has been set, i.e., low 30,s aside any surprise negative blindside info at earnings release. There could be an unexpected turn in pricing environment which will lead to good upside. If your not sure, wait until official data is release, and accumulate, in other words.... buy. All up to you and you're investing objectives.
Consensus earnings have dropped to .10-.16 for the quarter. Low nat gas prices have not been offset by increased production. Company hit two nice oil wells of late though so maybe that focus continues for awhile. Net of debt assets could be worth close to $60 share. Stock continues iMHO to look cheap, but cheap stocks often get cheaper before they bottom..