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Bill Barrett Corp. Message Board

  • imadeadcat imadeadcat May 14, 2013 8:20 PM Flag

    ~37% short interest???

    Ouch! Any good news and the pain would be excessive.

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    • Hmmm not that simple son

      Natgas is risky business, BBG lost $.25 per share i Q1 2013 while analyst predicted BBG to break even.
      The problem is that BBG continues loosing money.

      In the Marcellus where BBG is absent, natgas prices of $3 is profitable.

      The natgas company GMXR was valued $ 88 per share a few years ago and is now bankrupt and delisted.

      BBG has drilled expensive dry wells in the Alberta Bakken in an desperate try to find oil.

      The huge short interest is well founded.

      • 1 Reply to jakobreith
      • I agree that the huge short interest is well founded ( especially if you review the income statements). The balance sheet gives BBG some rope. I maintain that any good news for BBG (which I agree is not apparent), coupled with current market bouyancy will cause excessive pain on the short interests. Sometimes too much short interest can be its own problem. I've bee there, done that.

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