I hope you are right but If I was a gambler, I would wager against you. This is a doomed dog that cannot even stand up, let alone walk and run. One has to hold their nose to even get close to this listing page.
Here is how I'd view the companies situation: they are overspending on building out the company as fast as they can to get it as big as they can in the shortest time possible. They could stop the over spending, they could live within their cash flow, they could make a sizable profit, but they may have to sell some of the acreage that they've accumulated on debt.
Bottomline is to rightsize the company to balance revenues with expeditures and financing of debt.
I think the BoD's is doing exactly what I stated above in cutting back CapEx and next selling some assets.
I'm with you - I looked at SD's past history on the earnings announcements and it just seems there is a run up before the release, then earnings are announced and everybody sells, OMG the sky is falling and all that stuff, then the next couple of days the stock recovers because its back to business.
I sold yesterday at about 5.48, I bought in with more shares today at the 5.25 price. I think the value of this stock is a takeover at some point, when, I haven't a clue. But it'll happen.
YUP,..you guys are RIGHT,..a little "backing and filling" and SD UP,.. again,..probably Tomorrow (if not this afternoon).
When SD,.. "closes",. above $5.60,.. it'll,.. SKYROCKET,.. to the $7's
Look at daily, 6 month Chart!
You'll see the last,.. "Rally"!!!
AND the Miss Lime,.. BETTER than previously thought!