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ConocoPhillips Message Board

harold33272 7 posts  |  Last Activity: Jun 23, 2016 4:36 PM Member since: Dec 26, 2011
  • Yes I know, I know splits affect no stock in any measurable way, however there are a lot of retail investors, the little guy, who may have $400-500 to spend and they're not going to take a position in MMM at $174+ a share. They'll just buy 10-15 shares of Coca-Cola instead.

    Surely at this point management has to at least consider a 2-for-1 stock split. Surely it's on the table for discussion.

  • Reply to

    Who would give Bob more money???

    by johnandjoy1 May 26, 2016 7:30 PM
    harold33272 harold33272 May 27, 2016 1:52 PM Flag

    I will split this into two posts:

    Part I:

    The primary problem lies at the feet of one person - the CEO. He has now been CEO for 11+ years. 11 years later DXI is not profitable. 11 years later the stock has lost roughly 99% of its value. By any common sense examination, that is nothing short of disaster. An unmitigated disaster. It is a good thing that he is the company's largest shareholder and debt holder. It's also a bad thing because nothing is in place structurally to hold him accountable. No one on the board, not a single director, will purchase this undervalued stock in the open market when it's not discounted. Ever. Because the company is still not yet profitable, Mr. Hodgkinson, a deca-millionaire, should receive a salary of $1. Mr. Matheson, CFO, also should receive no salary and like the other directors, he too refuses to purchase stock in the open market when it's not discounted. Secondly, the company could easily outsource Matheson's job for much less.

    Hodgkinson should have simply called Royal Bank of Canada and taken out a loan two weeks ago to get what he needed versus dumping large blocks of stock. But he's never really done much to protect the stock. He announced a reverse last fall, then weeks later put out an oh-by-the-way release stating 13 million additional shares (warrants) was now a part of the equation. These are very hard moves to explain to long-suffering shareholders. Dilution has become a way of life under Hodgkinson.

    Transparency remains very poor. The company announces a JV at Woodrush, then says nothing when it folds. It executes divestitures such as the sale of N/S Rangely and it's only later in filings when it is released. Presentations remain very poor with cryptic verbiage. Shareholders spent almost two years begging the CEO to simply hold a conf call so he could face our questions. That should never happen. He also rarely bothers to provide remarks in actual earnings releases. It's simply not a priority for him.

    Sentiment: Strong Sell

  • Reply to

    Who would give Bob more money???

    by johnandjoy1 May 26, 2016 7:30 PM
    harold33272 harold33272 May 26, 2016 8:45 PM Flag

    johnandjoy1,

    Just wanted to wish you the best. Full disclosure, after taking a very large position in 2011, I sold my entire stake last week. I'm done.

    There have just been too many mistakes.

    I wish other long-standing and long-suffering shareholders the very best.

    Sentiment: Strong Sell

  • Reply to

    I think we will get news on the 10th

    by trademaker_va May 7, 2016 9:54 AM
    harold33272 harold33272 May 7, 2016 12:14 PM Flag

    Should have earnings out by May 15. Stock was badly oversold this week due to people being concerned about the Canadian wildfres which have not reached the Fort St. Johns hub, for the record.

    Sentiment: Strong Buy

  • Reply to

    Interesting...

    by john.swanson27 Apr 28, 2016 1:41 PM
    harold33272 harold33272 Apr 28, 2016 6:55 PM Flag

    No. They're not going to deal Kokopelli at $2.00 nat gas. That's not happening.

    Sentiment: Strong Buy

  • Reply to

    Interesting...

    by john.swanson27 Apr 28, 2016 1:41 PM
    harold33272 harold33272 Apr 28, 2016 6:19 PM Flag

    No drilling will be done at Roan Creek this year.

    Sentiment: Strong Buy

  • Reply to

    Interesting...

    by john.swanson27 Apr 28, 2016 1:41 PM
    harold33272 harold33272 Apr 28, 2016 2:08 PM Flag

    This company is going to do a bolt-on at Woodrush. The issue is when, not if. And when it happens, it will dramatically ramp up their production and cash flow.

    This is a rare microcap that can get serious cash flow even at $35-40+ oil. Should be an interesting spring and a good one for DXI. This is a company that should emerge from the depressed commodity price stage from a position of strength.

    Sentiment: Strong Buy

COP
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