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Earthstone Energy, Inc. Message Board

  • booleansearcher booleansearcher Sep 12, 2013 8:00 AM Flag

    remember the BIG picture

    world economies are recovering including the massive gains in wealth in China that is spreading across the population and.........that alone will drive oil needs. Infrastructure investments are going to rise sharply - keep your eye or money in caterpillar/deere/cummins etc. Smaller cap stocks are going to do well. This finally market run will be very impressive - I expect gold to catch its wings again no later than mid October. The USA is BACK BABY -- the leader brought to you be THE PEOPLE who gut it out and git er dun. Boolean

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    • Boolean, I must say thar fellar, you are more fun than a barrel a monkeys, hah,hah! You been talkin' bout the BIG PICTURE fer the past seven years and the BIG PICTURE has not happened. You gotter be sore bout all the time and money you lost on ESTE. I been right bout thissen more than anyone here and I dont talk to Rat Simpleton. The big picture is thissen will tread water fer some time to come. With all the hype here you'd think they would earn 50-75 cents per share per quarter. Yet depletion, low workin' innerst in high perducing wells, and high workin' innerst in low perducin' wells has PROVEN to be a poor strategy, all the while rewardin' Rat with a big fancy salary. Boolean, WAKE UP AND SMELL THE FUMES.

      • 2 Replies to unclebobbyrednecker
      • realinvestmentstrategies realinvestmentstrategies Sep 12, 2013 9:14 PM Flag

        I’ve always felt you gotta look at how something’s priced. If it’s priced to high, sell it, if it’s priced too low buy it.

        In comparing oil companies there are a number of metrics that can be used. P/E ratio. Premium of market cap to net tangible worth. Book property value to PV=10, etc.

        When I compare thissen to other comps like FPP, REN or KOG, it seems to get about half value of these other companies. It didn’t used to be that way, but after the share price slide that started in the spring of 2012, thissen has been valued quite a bit less than the others. Would you think the CEO had anything to do with the lack of respect in the share price?

      • They will earn 50 to 75 cents per quarter. Perhaps you did not see the most recent Banks activity in ND where Statoils production is now up to 250,000 Bbls for the month, about a 50% increase over the previous months...

 
ESTE
36.74+1.94(+5.57%)Jul 23 4:01 PMEDT

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