"We announced in April of 2013 a joint development agreement for our Eagle Ford assets, which benefited us by providing the capital required to increase the drilling activity, as well as access to impressive technology, which will pay benefits now and in the future."
well hello divin..or should I say grumpy ?...I just bought some, a smidgen above the present level...I love to buy into sell offs on E&P's and then let ol man time go to work. I always buy in pretty disciplined , if deeper DD..supports same. Being we have owned the same stocks on multiple occasions...you've got me thinking I may have just bought a "knock-off" Timex watch..( takes a licking...and keeps taking a licking). I'd rather be saying hello under profitable circumstances for you. I'll probably just stand here in ankle deep "hoo hoo" and be grateful you're the one in the deeper stuff...and see if this cat can bounce or if it's indeed road kill for the buzzards. GLTA
I thought 2.80s was rock bottom before earnings, so I think you did good buying in the low 3s...the problem was that you did not sell before earnings, actually the way it was trading prior to ER (NG way down, Crude going down as well), and this thing going higher, I really thought that numbers were going to be pretty good. If we all had a crystal ball we all be rich. Where it goes now is difficult to predic, I think it bounces to 2.20s to 2.30s short term, medium/long term has more chances of going south. One more thing management in this company is very shady keep that in mind.