only 6 days to go till the big miss. history is now repeating itself as it usually does. look back,
to last quarter, I realize it was about 6 monthes back, but a week before earnings the stock that had a nice 4.00 run up, started to drop. jest like last time there was a small up tick then down. the drop[ was 4.00 so you can #$%$ume that last times 50% miss that was lied about so much it became a beat, will seem small compare to this huge miss that will probable fold this fraudulent garbage pile. im predicting we will easly see low 9s or high 8s. im so happy to watch blind republicans lose there money, when they refuse to see the signs. a basic rule of business is supply and demand and this spring when the majority of oil frackers start producing again we eill have a all time glut and barrel prices in the low 80s or even 70s, that's the sentiment of the oil traders like my very cool self. kog will fold and somebody will buy it for 5.00 and I will get richer and you professional losers will be ruined. get your nose out of l.p.s #$%$ and save money.
Demont: I agree there is the great probability of another miss and a resulting slump in the share price. I do not agree this is the end of the company. While there is a lot of debt it can be handled by simply stopping the drilling and using the money to pay the debt, even at $70 oil. Do you know of any debt service that must be paid in the near term? If there is a spring glut of oil it should be short lived as it will replace foreign oil. I do not think this glut can affect world oil prices by the amounts you suggest.
hey cotton that fold part by me was a little much I agree but something has to happen with the debt. you theriery that they would stop drilling and pay debt is as loony. this management is so far in the hole any disruption in cash could crush them. I wouldn't be surprised that he would buy more acres instead of paying bills. now last years glut dropped the price into the 80s, if there is a lessining of production industry wide opec would cover it. this fracking is on unstable ground the dam gov. could stop flaring with reg. and game over kog doesn't have the money to spend to capture and sell nat. gas. the infrastructure is to expensive, and that coyuld happen any min. thanks for a good reply its nice to see a thinker once in a while.