Heavily invested in SD, and will happily hold until SD reaches potential, perhaps a year from now, at maybe $14. But now looking for another "story stock". I typically do heavy DD on a few potential stocks, then when convinced a stock is significantly undervalued, I bet the farm, so to speak. I respect many of the posters on this particular board, so am asking for suggestions from your radar screens.
Keep an eye on REI. Company management founded Arena Resources and sold it to SD back in 2010 for $1.6B. Prior to ARD they started Magnum Petroleum, which merged with Hunter Resources, to become the original Magnum Hunter Resources The company was sold to Cimarex in 2005 for $2 billion. They are very experience oilmen who have a keen focus on maximizing shareholder value.
look at QCOR they raised their divended 20% last week and their earnings are thr 29th. stock should be around 75 to 80 earnings date.read the message board, one of the best boards around. some very smart investors on it. now think,would you raise your dive. 20% if were reporting bad earnings? good buy g/l tony
Considerwhy - I'm also heavily invested in SD at $5.11/share. You should check out Linn Energy. 11% yield, monthly distributions (25 cents/share per month) and got hit hard on accounting concerns. I got LINE a couple of months ago at $24/share. Also, I got into National Bank of Greece on Monday below $5. Look at NBG when you get a chance. Both of those could be good underdog stories. My price targets are SD - $11, LINE - $32, and NBG - $10. JMHO. Hope that helps.
This is not advice and purely only IMHO....I like F...I see a 12 to 36 month hold and/or perhaps a keeper. Clouds on horizon, funding its pension and any/all typical risks from competition w/in the industry. F plans on pension funding being complete over next 2 years if memory serves....DIV due for a hike.....any upward move in rates helps fund said pension.
I think F doubles or triples over the next 36 months as world economy recovers then begins to excell as the newly developing middle class begins to consume! All seriously only IMHO......for what its worth