The pps going from $7.45 to $5.75 in the last two wks. is not because the Miss.is too gassy.If that was the case Ward should be fired for selling the Permian to develope a area that he knew was not good.If shareholders get a bid for the company for lets say $8 and the pps is $7.45 no one will except it,but when the pps is $5.75 eight dollars looks good.Ithink this is what is realy going on,it coud be Ward trying to take it private or Hedge funds who want to sell to their friends for a quick sale.The pps of sd has been manipulated by buying calls and puts and then buying and selling the stock.In the last 6 months the big boys made millions even though the pps went nowhere.Its a short traders delite.Ward cant control the shorts,but i beleive TPG can because they are one of them.The only way Ward stays in SDis if he takes it private,especially if TPG get rid of him without his golden paraschute.
11 Lawsuits,.. aimed at Tom's "overstating" the Miss Lime,.. well results,.. all those Lawyers surely,..CAN'T,.. be wrong, can they?
Ask yourself,.."why",.. would they waste their time?
Just something to "ponder",..
Doug,Ward is a dirtbag,but he is not stupid,he would never have sold Permian if he knew Miss was a bust.If Miss. is more gassy that might be a good thing ,ng prices are the future of the US and the price will not stay this low forever,esp. when they start to export it.