Prearrangements by Barclays & TPG to suppress sd price??
b4 tpg and with Ward this stock used to have significant up days hitting $6 and $7 dollars. Since TPG's March 13 agreement this stock has been unable to move up and every small move up is quickly smahed down.
TPG used us to gain control of a 20 dollar asset for 6 dollars. Ward sold 10 million shares at 5.25 once he left with the seismic data of all the surrounding acreage in the Miss. That is not good. We'll be lucky to get north of 8 bucks
The market has very little confidence in SD hence the PPS; however, with Oil hitting $112 TPG will find it a bit easier to locate a buyer. A sale of $8- $10 would be a homerun for me. Heck I'll take $7 at this point! However, the whales will hold out for more.
i dunno about that. maybe the whales would be glad to be out with cash in order to pursue other opportunities. they don't always hit a home run and they know it. or maybe the whales would like to take it private and cut costs to the bone, sell off what they don't want, and milk the rest for a cash cow. i still believe an offer of $9 to take the company private would find wings.
the only reason would be if there's a buyout in the works, especially taking the company private. in that case, they'd be loading up on sd stock because i'm sure they'd rather pay $5 a share than whatever the buyout price would be. if that is what's going on, by the very nature of the reporting system, we are sitting in the dark.