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Whiting Petroleum Corp. Message Board

  • wolfe2005 wolfe2005 Aug 6, 2013 3:14 PM Flag

    This time it's different, no really it is....

    Whiting over 50 forever, no really its different this time. Great production and revenue, oh yeah none of it goes to the bottom line. The management/employee production profit sharing program is so in line with share holder interests. Management and employees get paid for production growth not earnings growth. Same story 5 years running. And as long as it is so, Wall St. will never let Whiting soar above 50 for long. The true mothers milk of Wall St. is earnings growth, not production growth. Wall St. says back to the 40's you go Whiting, maybe even by Friday. I will be holding my shorts all the way to the bank.

    Sentiment: Sell

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    • Wolfe, you are certainly correct that management takes too much for themselves, but Whiting really is different this time due to the sale of Postle, higher WTI prices, and yes, increased production. In my post titled "Analysts," I explained my reasoning and estimates. What are your calculations for q3 earnings?

      • 1 Reply to tarponman61
      • My calculations are for the S&P to drop 5-10% between now and October. Fed tapering, a huge budget fight, and a sluggish world economy. So my calculations are for WLL to be down 10-15% with the market, regardless of how fantastic earnings my be. Earning's will matter in a falling market only close to the earnings date. So say Whiting is at 45 or 46 a few weeks before earnings and earnings are great, then maybe you get back to 48,49 or maybe even 50.

        Sentiment: Strong Sell

    • first-flip55@sbcglobal.net first-flip55 Aug 6, 2013 5:00 PM Flag

      Always the same old whine from the shorties. Blah, blah, blah. Whiting continues to grow by assets, Growing by adding new plays, increased production. Both mean REAL VALUE, again, if you don't like the stock, don't buy it. The rest of us appreciate a company that grows on real value and merit, not making shorties like you happy.

      Sentiment: Strong Buy

      • 1 Reply to first-flip55
      • Short or long makes no difference to me. WLL is a trading stock and not a very good investment. When Whiting heads back to the mid or low 40's I will switch and go long, depending on market conditions. Feds talking about taking away the constant market drip of $85 billion a month. Market looking to maybe roll over, and if does WLL will certainly follow, regardless of what you think the REAL VALUE is.

        Sentiment: Strong Sell

 
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