Private Equity/Investors are on the hunt now. Wouldn't be surprised if a BX (or similar company) comes in and makes a deal or takes a stake.
many companies are shopping. MHR..TPLM tried to but unsuccessful. One would imagine BCEI has put that on the table.
Which would flood us with cash to weather this storm.....the only downside is the short term pop and being to hang on to assets during the recovery. However the capital could be used to pick off more names.
looks good for everyone. Finally some action. Need to wreck these shorts, our deal would have netted us a 50-70% rise in a day but once oil rebounds. Investors will scramble to get their hands on the assets. Just takes patience to hold through the rough times.
Remember set the course bend with the wind...once it settles enjoy the sailing!
while the action is positive, it still has much work to do. We are barely off the lows. Back to the 11-12 level would cause lots of panic for the shorts.
Not so sure.. PE is trying to make offers, but 1 ) no one wants to sell @ depressed prices 2) their offers are low.
Huge gap it seems. But fair value based on my numbers puts us in lower 20s once oil stabilizes and gets to 60+ range.
We are covered for 4-5 years....then we panic if oil prices are below 50 there
Value is absurd...Like when bank stocks did the same thing....... 60 down to 6, with ample liquidity for close to 5 years. Once the stock finds some footing we are going to send lots of short to bankruptcy heaven
I haven't looked @ the rose deal. What was their debt compared to us. Unfortunately TPLM could not sell Caliber....no one wants to buy it seems
chart is broken...MACD Crossing over. With the carnage in oil its like exhaustion is setting in.
Should be low teens here. Once oil stabilizes this will cut a lot down.
for a bit.. Not real buyers which means lots are scared. But that could be a positive sign a bottom is coming up. based on other oilers we might need to test the absolute bottom or slightly pierce it before we go higher
yeah this is not good...................assets mean nothing if no one wants to buy them up. Shorts are probably going to assault us. Stay strong friends a battle is lurking.
I have unlimited cash flow so I can buy every day. V/MA are fueling my bet here, its a win win. If we go back to 20s I make 7 figures and blow the shorts apart.
I see companies down 60% + ...The land value alone is insane forget the company. We should be taking out the weak names then sell them for 400-500% in a few years.
Not bad around here...I am expecting slightly lower this time..But isn't everyone else?
Shorts are really destroying companies. Unreal and not a sold bounce to kill them off.
I am adding around every .75 declines. Can't go wrong with that strategy down here. Shorts have taken over, just need to muster an offensive and take them down.