With 2 more well results coming and the company proving reserves up and doubling up production......This is a no brainer. Oh and earnings and 4M cash flow a Quarter what is not to like.
No not the QBC board as the higher price the better. I think the MM's so they can catch a higher ride up. I think those in the know probably know something is going to happen so they take it down scare of some investors and get cheaper shares. I think that XCO would prefer this price be lower as they would prefer their price to be lower.
I can see the MM's walking it down so that they can make some cheap buys before an acquisition happens. But, why/who on Earth would anyone want to walk it down to make the buyot premium look better. The buyout is going to be a 15%-20% premium above whatever the share price is at time of announcement... so I would think everyone (except the buyer, XCO probably) would want to push the price higher. Guess I just ansered my own question but if you're implying that QBC's BOD and/or management is trying to push the price down so that the buyout premium will look better... sorry but that doesn't make sense.
I also think the big sellers are using their sells to scare investors. Notice they try to walk down the bid and not really sell their shares. It's as if they want to use those shares to scare others into selling. Maybe I'm crazy.
Art - I think the MM's are keeping it down. My conspiracy theory also includes getting the price lower / more acceptable for a buyout premium. If we were trading at 1.50 and the buyout price was 1.50 people wouldn't like that at all. Just used 1.50 as an example. The lower they can take it the more acceptable a buy out price would be. Just my 2 cents and conspiracy theory. Why do you think the stock ran from .55 to 1.20? Linked to the Exco situation? Thanks..
I just do not see it. There are no dry wells here... The last 3 proved that... Future drilling? 3.5 wells left on drilling credits and then we should be able to pay for our own wells with cash on hand. I just do not see it or get it. The hedges are Exco's hedges I think and I remember them to be in the $5 range I think. I still think this is a push to get it cheaper. Easy to do on a little stock like QBC. Thanks for the input.