The HERO warrants trade separately from the stock but will be worthless until HERO's share price exceeds $70, which isn't going to happen before 2021. Heck, the stock may be worthless long before then.
Actually, on an adjusted basis, the ten-year high was hit earlier this month at $69.41. On an absolute basis, the ten-year high was $111 in November 2005. You may want to take a different angle in your attempt to frighten the gullible into selling.
You have no clue what I'm playing long, short or both ways. Those who make real money have no need to seek adulation on a message board.
The press release was all about saving face once word of APC's involvement got out. Once an offer is rejected, it is no more. APC is a loser dating back to the Kerr McGee fiasco.
APA is not desperate. They have unwound most of Steve Farris's mistakes, are doing the right things to weather the storm and will do well when oil and gas prices ever recover.
They also received large equity grants that more than replaced what they sold. Consider it nothing more than well-advised portfolio rebalancing.
That post was six weeks old. Please pay attention.
Anyone who rode this one down from the $100's, $90's or $80's would lose big time. Offer likely $70-$75 per share at best. Let's see how she trades the news of a rejected offer.
Just keeping it real. You have to measure your yield based on what you currently can get on your money. I have some GGP stock that I bought for $0.50 that pays a $0.72 annual dividend. My yield is $0.72 divided by the current share price, $28.95, or 2.49%, not $0.72 divided by $0.50, or 144%. I have to consider that I could sell those GGP shares and buy NTI instead, for example, and collect a $4.76 annual distribution ($4.04 more per share) at a 17.7% yield. Like I said, you'r e only fooling yourself (and cheng ho).
Not on the day of a reverse split, but it may create a renewed opportunity for short sellers as icahn suggests below.
XCO has met the requirements to maintain NYSE listing. Remember that when you vote on the reverse split.
"In order to regain compliance with the NYSE continued listing standards, on the last trading day in any calendar month, the Common Shares must have (i) a closing price of at least $1.00 per share and (ii) an average closing price of at least $1.00 per share over the 30 consecutive trading day period ending on the last trading day of such month." (DEF14A)
Met condition (i) $1.12 and condition (ii) $1.05 as of today's close.