For those that think TPG will have a press release next week..........perhaps but I wouldn't count on it. Why put out a press release that would drive up the stock price when they want to load up at these prices? They have a perfect storm to accumulate as confirmed by Barron's and MarketEdge. NG prices are drifting down short term and I'm pretty sure that TW is dumping at these prices to raise money for his next venture. They know they won't see these prices again......and neither will you. They are patient which is why they aren't in a hurry. They want to cut expenses, raise production, raise reserves, raise liquids production, sell select assets to pay down debt.......and then they will sell the company in probably 12-18 months. As the next few quarterly reports come out and confirm what I said above you will see stock price drift back to $7-8 range and perhaps $8-9 right before a sale is announced in $11-12 range. This stock is an easy double in next 12 months. In the mean time it will be a great trading stock. Someone is dumping big time 100,000+ large blocks and perhaps is TW but they are also being gobbled up and put away. When selling pressure subsides we could easily see a pop to $5.50+ area I suspect by mid July. JMVHO. DaninFW
Sentiment: Strong Buy
TPG agree not to 'say anything' for 2 years as part of the agreement. So stop reading into TPG's silence or predicting anything based on it. If TPG has an impact on the decision of the company it has to come through the SD channels of communication.
dainfw04 - What is the basis of your statement "They have a perfect storm to accumulate as confirmed by Barron's and MarketEdge"? I get Barron's but am unaware of this information. I do however agree with your logic regarding the stock price though the timing may take longer.
I agree,.. NOW is the "time" for the Funds/ Hedgies; Mt. Kellett, TPG-AXON, Cooperman, Prem Watsa, Pickens and several others to lower their $$ averages, in SD.
By mid July this Ward and bad BoD,.. "bull shyte",.. becomes,.. "ancient History"!!
SD becomes a REAL, E & P Company with, "real",... Mgm't and Earnings!!
Hopefully "earnings",.. by Aug 6th,.. for sure, by Nov qtr!!
And like Nikoniko's says, when the "type curve",.. "resets", in Jan,.. look out!
I think SD gets,.. SOLD,.. in the Spring of 2014.
I would add that now that TPG and their cohort have 4 members on the BOD's and have access to inside info, they too should be prohibited from making any more purchases till after Q2 info is released. If that is true we could get a PR report. DaninFW
Sentiment: Strong Buy
Although unconfirmed, it is probable that a condition of TW's Golden Parachute approval included limitations on the amount and timing of stock sales or at least a large block transfer to other willing institutional investor buyers.
One quite credible institution that sold a large amount of shares last quarter, post TPG Board win, was Wally Weitz. Likely that he is selling the balance this quarter. Good sign that shorts have begun to loosen up recently even if only in small amounts. The smart shorts usually exit first.