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Sanchez Energy Corporation Message Board

  • always_24601 always_24601 Aug 8, 2013 10:14 AM Flag

    What a POS.

    I should have dumped it all at the open but that little uptick suckered me into believing that there wouldn't be a bloodbath.

    This stock is dead money for 6 months minimum.

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    • Listened to their call and decided to let go of this pig. SN way overpaid for their acreage and their agreement to carry the seller for free on 6 wells is ridiculous. I heard nothing that I liked. Paying large dividends to their preferred shareholders and charging the common shareholders for it just flat out stinks.

      Good luck. I hope you don't get reamed any further by idiotic management.

    • In cases like this I sometimes wonder who missed. The analysts predict 115% increase from the previous quarter and then the company only comes up with a measly 30%.

    • eharmsen1 Aug 8, 2013 10:25 AM Flag

      I am glad that i sold before close yesterday. I will get back in down the road. This is definitely a long play but i am trading it until the company reports solid earnings

      Sentiment: Hold

      • 1 Reply to eharmsen1
      • Yes, we are getting whupped today -- but SN is still in an aggressive development stage and not laying awake nights worrying about earnings. Every well they complete -- taking advantage of today's cheap money builds income for the future. So, absolutely the wrong thing to do today to hold back development and cower over earnings. Cash flow, completion costs, and strategic development are a lot more important right now. But if you be a trader, we will cool our heels for a few weeks as the positions are closed...

        All the very best,

2.92Feb 8 4:01 PMEST