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Earthstone Energy, Inc. Message Board

  • booleansearcher booleansearcher Sep 2, 2013 9:52 PM Flag

    BIG things R coming kids

    Be There. Boolean

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    • Yaaawn..............burp...................phart.................Boolean, no disrespect here, but you have been sounding like a broken record for the past 7 got to be losin' yer hiney really bad here. How much money have you lost by bein' in performance here fer the past 7 years..............yet you keep on keepin' on......................I guess a broken clock is right at least 2 times a day. Sure glad I sold at $21 over 2 years ago. What a disaster here! Time is money if you are unaware.

      • 2 Replies to unclebobbyrednecker
      • so uncle where did you reinvest that money???? How did it do???? I love this play and I will be massively right on both Ray and the company. I KNOW THIS. I say - Be There. Boolean

      • Bobby, while you state there has been no performance in the past seven years, I would say that is more accurate regarding the share price as opposed to the fundamentals. Back in the first week of Sept 2006, the split adjusted share price was over $20, but now it is under $16.

        At the same time, the book value per share increase from $5.12 to $11.80. While that isn’t necessarily setting the world on fire, Earthstone did improve its balance sheet all through the Great Recession, so things could have been a lot worse.

        But going forward, history isn’t always a real good predictor of the future, unless you think it tells us something about the management or fundamentals. At this point it’s about what will happened not what already occurred. I am bullish at this point, but I do believe in the trust but verify philosophy.

        What’s nice is that we should have at least five verification points coming up in the next 10 weeks.
        1---September 15th---July results of Bakken production reported showing Banks Field details.
        2---September 25th---Annual meeting---probably a list of new wells for the next 12 months
        3---October 15th---August results of Bakken production reported showing Banks Field details.
        4---Wild Card Announcement---Ray said there will be an update on Nebraska
        5---November 11th or about---Q2 financial results allowing you to examine production, depletion new capital investment and administrative expense numbers.

        At any time you can decide to get in or if you’re already in, get out.

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