It's funny, some of the new names are familiar and they seem to surface in entities whose shares have pulled back for whatever reason. Often, there is little thought involved. My favorite comments run something like this: 'don't get me wrong I'm long this stock, I like this stock, but I wouldn't buy until it reaches a much lower price' or 'do the analysts know something I don't?' or 'the market is telling you something.'
Fish, I haven't seen any purchases after the May vote results. Hmmmm. If I see insider buying at recent lows I'll be less cautious. Until then, the spring purchases are meaningless.
No. The problem is the market or some participants are anticipating the risk of a dilutive secondary. At this point insider trading points to a fleecing of existing investors when the logical choice would be for a liquidation.
Nope. If you believe in a doomsday scenario you could buy into an ETF like OIL. Well servicers like HAL or SLB would do well. Royalty trusts simply offer a sliver of how an oil operates or what they own - frozen in time. It's just not that difficult.
I think the curse of the shorts will be gullible types who look at the past dividend not realizing this trust will be lucky to receive payments from wells that will likely be tricking vs. humming all to soon.
Quantuon, totally correct. Carmine keeps popping up with other desperados. We've seen excuses like weather, pv readjustments, 'I invest in royalties and this is a deal', and several other excuses as to why one should believe in this trust.
Carmine, it's a #$%$ formation. I like Lee but the distinction is clear - SD will invest in a poor formation much differently than what is required to do so under the trust agreement. Lawsuits = desperation. There are few conspiracies in life but there is no shortage of dementia and general stupidity. I think you are beating your head against a cement wall.
Type curve vs. holy war. If you believe in a holy war I respect that. There are better to ways to play such event than rotten wells. Good for you - trying to conflict the obvious with an emotional event. Bob, can you get your money back? I think I have seen such posts in the past. If you've paid for such information why are determined to share it to those who haven't?
Deep thoughts. I think the analysts are looking at the valuation and responding without the emotion we see here and in Seeking Aptitude articles. Yup, you've got one on the analyst.
It's Okay to think for yourself. She'll be back at tax time to explain the complexities of tax returns. We still have Daniel Moore and SA :)
"Nightmare Turning Into Realty". I propose a new title:"Hey, I've Been Writing About This For A While But Just Realized This Trust Has Poorly Performing Wells". The article appears to be thought out and lengthy but simply reiterates what has been obvious for over a year.
If you think there is something to crunch you need as much help as the bulls.