The numbers from the Trust were lousy. We stand by our post of a large find in the Lime, but questions remain on whether that is enough to justify the massive investment undertaken. Cash flow could be challenged...Frankly, we did not think Ward would jeapordize cash flow, yet he might have.
If the MissLP is turning into a Nat Gas play with oil upside, then the story has changed. The Nat Gas story will need over 3 years to play out.
Look I agree. I thought a "soft" quarter meant solid results with higher expenses due to Permian sale and bulking up the MissLP drill operation. We did not factor in a soft quarter based upon questionable MissLP results. If the story has turned into a Nat Gas play with oil upside, then the only viable exit is too either completely overhaul management, or sell the operations as best one can.
If Ward is basing cash flow upon results like those fromt he Trusts, then he is kidding himself and clinging to the hope that SD will continue to fund his luxurious lifestyle. Basically, with the recent MIssLP results Ward has walked in a circle, and is muchg worse off for his travels.
After all his deal making, he is no better off than when he held Shallow Water Gulf...
SD,..NOT worth the "risk" at this point!,..IMO
Tom has made,.. ALL the WRONG,..moves,..IMO
If,..Miss Lime ain't,.. vary Oily,..???
Sold out, today!
I'll "see",.. Ward in Court!
Wake me up when the Lawyers,.. go after Ward!
all JMVHO,.. Good Luck,..all,... BYE
Sentiment: Strong Sell
That's why it is best to invest your votes and money in the TPG story ...... Who wants to wait "3 years" on the hopes anything will change with Tommy driving drunk on our dime ..... PS - CHK @ 20 bucks in case you haven't noticed the pop on news Aubrey gets put to pasture ...... Same situation , high debt load , CEO mismanagement , personal ATM on shareholder backs ....... They ain't puttin up with it over there , and we shouldn't either ....... To H with "3 more years" ...... The market is going to completely collapse before February 2016 ...... count on it ....... 2013 is going to be one of last opportunities to make money in the market as a long ...... Probably into partial 2014 , but this puppy is going to crash hard one day , as Uncle Sam is BROKE and won't be an artificial sweetener for much longer ....... watch and see