Not an overnight, change the name on the doors and move on!
This process is well underway. Bennett has shown he is the right guy and the qtrly data confirms as much. Of course the battle of finding new oil and the ever changing oil/ng prices add an immediate dynamic to oil and ng prices/producers/sellers, etc., etc.
Note many analysts who had rated SD a sell are now rating it a hold! A few analysts have come forward and upgraded SD! The process again, is well underway. Now all we need is resolution of the SECs investigation that Bennett said we shareholders didn't need to worry about and the runway will be clear!
Keep in mind, any kind of investigation will keep big money out, they have seen the SEC and other regulatory agencies do strange things so they are still in the wait and see mode.
Investors who understand risk/reward are now looking at SD as a cheap opportunity to get into the patch! Those of us who have had SDs ball and chain clamped to our ankles are for the first time in several years, seeing some daylight!
Though there is a ways to go, the turn around seems certain and each new positive accomplishment/announcement of such is like a new building block raising the entire foundation of SD and its price. Frankly, once this investigation is resolved and its ramifications become clear, SD should be trading at a new and higher range. My guess is the mid 7's.
Any higher than 7 and I think this boosts the buyout price above 10. So you can bet any buyers out there watching SD now have less time to make that decision or, open their checkbooks alittle wider when/if the time comes! Discovery, SEC resolution, cashflow, cost of production & production itself are the keys going foward....as well as geo-political events, IE Mr Putin-Hitler. All IMHO of course,............
Last two bags of potato(s) one GOLD and the other RED..........have got to be THEE worst potatos I have seen FROM AMYWHERE in .........well, in my life!
We are cutting out easily 1/4 to as much as 1/2 oif each potato before boiling or baking or whatever! I mean.....easily THE WORST I have ever seen!
What gives Costco? I mean Costco has so many good things, generally of the best quality that this potato blight...comes as a surprise but even more surprising, no warning....no price cuts.......its as though the farmers were able to DUMP their low grade stuff on Costco..........I don't know......maybe I am being too picky but GEEEEEZZZZZ !
GULP !!!! Dear SHORTs and Critics, though a few years off...........(for now anyways) this IS A GAME CHANGER for NG!
Oh and while some say 2018 until we are able to accomplish this, well, this doesn;t take into account the possible expediting of this process in order to assist our allies in Europe..............oh and potentially stop a flare up which could lead to massive unrest in Europe and perhaps worse, much worse.
I would say the NEED has been identified and WE, the US are the solution with either NG or troops and bullets........................NG is cheaper in every way and all it takes is a motivated DC being begged daily by EUROPE for help....................GULP! LMAO and all MHO of course!
A DISRUPTIVE technology, one being adopted more widely each day but, setting that aside, me thinks something is rotting in the State of Denmark so to speak!
It seems some well know hedgies have for some reason chosen to favor ssys and kick ddd in the pants. YET, DDD surprises and unfortunately for SSYS, they surprised as well, to the down side.
Meanwhile S&P rates DDD a buy and price targets from analysts range widely but the overwhelming majority are above todays price, most by a meaningful percentage!
If DDD is back-filling its revenues into the business for growth, then I miss the sentiment of the massive SHORTs who somehow seem to be doing so for no reason other than the fact that they can......I would call this passive manipulation but hey, lucky for them, I am not the SEC.
IMHO DDD is WAY oversold ! One crtic actually had the nads to criticize a 34% organic growth rate as....BAD?
R U kidding me!!!!?????? LMAO!
yer killing me man! LMAO! There are NO ABSOLUTES with a new DISRUPTIVE technology except to say that it will ultimately replace everything! All it takes is ECONOMY OF SCALE and thus cost reductions to adopting the technology and its check and checkmate for CNC!
The good news is that we may see a mergence of cnc and 3d for some applications. the bad news is that 3D has already shown that it can produce more intricate pieces that cnc will never be able to create. Further, 3D can laminate certain materials where CNC requires one to BUY that finished material. Hence, the possible mergence of applications for some processes.... .
By the way Canucksters, when GE, GOOG, HPQ, and a growing list of others begin moving toward 3D as they have, it seems to me that economy of scale is on its way and rest assured, the technology will only speed up and improve along the way as will its capabilities and thus applications.
If I was you, I would be trying to find a buyer of your CNC units........oh thats right, 3D is happening worldwide now though not on the scale that we see here......................for the moment. All IMHO for what it is or isn't worth and I could care less either way!
Hey COOK, way to help create a MORE CIVIL AMERICA! Way to help narrow that gap that separates the left and the right while talking about stocks! ABOUT WHAT! STOCKS! Your stock? AAPL!?????
Come on COOK...if you want to put on a skirt and play PC pretender, then how about you buying our stock? I imagine ALOT of folks would be willing to sell YOU their stock at say......oh, 1000.00 buck per!
Put your money where your pretty mouth is Mr Cook! Didn't think so...............what a controntational twit helping to ERODE the civility.
Cooke and emotional leftist twirps...if a few decades of research works for you than why are you ignoring the (near) last decade and a half? Now thats what I call a CONVENIENT TRUTH! LMAO!!!!
Hello? CRICKETS....................crickets.................crickets...............hey Cook if you seriously want to preach environmental values then listen close!
Remember when we were all supposed to use plastic bags instead of paperbags at the grocery store? What happened? The plastic bags have about a 500k year halflife and our waste dumps became CHOKED with plastic bags! LMAO! So don;t THINK for a moment that Gore's global warming theroy stands or, that a more loose definition of climate change washes, at least not in YOUR DIRECTION.
The JURY is still out and with a BACKGROUND of literally MILLIONS OF YEARS of CLIMATE CHANGE both warning and cooling, its hard for me ti imagine and educated man like YOU giving into a few decades of research TOTALLY biased toward a leftist activist view of the world!
I think everyone should have a good laugh over your emotional tirade and shame on you for assuming your definition is the only take.....................LMAO! Grow up you pimple on a camels #$%$!
Seeking A's latest tarnishing of DDD outstanding 50% PLUS increase in REVENUE and PROFITS YOY begs the question of what does DDD leadership need to do to satisfy the spoiled SA OPINIONmisers?
If one were to criticize DDD he should say at worst, that this sector is still finding its identity as are the key players and perhaps, some lesser known players, who knows? I sure don't nor does SA!
At best, one should say there are two players, there's room for two or more players, and it seems there are two primary business plans! DDD wants to pile its cash back into the business and forget about profits and SSYS wants to follow a more tame approach and OOPS it missed expectations anyways.
In fact I'd bet this SA opinionmiser thought SSYS was going to show DDD how its done and WHOOOOOPSS! DDD surprised and...well, so did SSYS but one was at the Northpole (DDD) and the other, at the Southpole, SSYS!
Not to pontificate like AS but hey, SA, how about giving DDD its due, they surprised YOU and everyone else and this sector, this technology, etc., is in its infancy. Why not let it grow up instead of sniping at such a young age before it is off and walking/running?
YOU KNOW the mechanics of a new technolofy, a DISRUPTIVE technology and those in it making it happen so are you DUMB or are you knowingly standing in front of this train trying to teach ANYONE , ANYTHING? Do you take yourself too seriously? All IMHO.....put your sniper scope down and watch and learn because so far.....i think DDD has proven your sourgrapes scenarion wrong! LMAO!!
It's a HYPO ! Okay so it doesn't sell....YOU KNOW where SD is coming from, you also know, or should know that cashflow is increasing with a welcome backdrop of lower drilling costs increasing production rates which allows for more drilling.
Unless you are implying that stocks DO NOT price based on forward looking expectations, then you are ignoring the above changing dynamic since new leadership came on board.
Operative tell sign...INCREASING CASHFLOW....at least in my book!
Actually it does if someone is deliberately trying to hold the price down...........and I emphasize....I am only throwing out a hypo of what could explain the funky price action!
Lets pretend COOP has a list of buyers and that a few expressed some interest. Enough time has gone by to fine tune the value of SD with KNOWN assets and a working assumption of the potential assets/cost of operation, etc., etc.
Or perhaps , the break up value if SD were to be separated and sold off, an everything goes type sale.
Following the Ward era, a buyer would want to see at least a FEW QUARTERS of performance/discovery, cost controls, production rates to establish a cost baseline and from there, a buyout figure.
Now, if SD were to run to say 9 or 10 bucks while this due diligence is occuring, it would ruin any buyout deal because if indeed SD is worth 15 bucks a share just on known assets, it would have to sell for 10 bucks to make it worth a buyers RISK w/the unknowns going forward.
Kind of hard to get shareholders excited if the stock is sitting at or near 9-10 bucks, we would reasonably want a higher price!
On the otherhand, a price of say 6.5 to 7.0 makes 10 look like a good deal.................
Purely a HYPOTHETICAL SCENARIO but......I could see s similar dynamic at work if indeed there is a buyer(s) out there and the data we have is accurate. SDs trend is UPWARD...so if a buyout is imminent, well, this COULD explain the stocks performance.............helped along by a weak energy sector today. Ignore the daily performance.......it is all about this 6 buck trading range.............Hmmmmmm All only IMHO of course.....I guess I hang my hat on the fact that the SD floor is about a point higher than the previous 12 month floor! For what its worth....which is no more than a view!
Thanks! the silence combined with my lack of digging for info. on BAC had left me.......well....searching! LOL!
This is crazy and acknowledging the stock price performance outright, WHERE the HAIL is the DIV increase? This is WAY beyond reason. Is the FED in the way? if so, what is it that BAC must do in order to pay the King his pence and move on? RIDICULOUS! Really....!
I wouldn't lose any sleep, the energy sector is down today. Seems SD has grown up alittle bit and is responding to sector volatility like it should despite its solid turn around and earnings report. I take this as a good sign and once again, bad timing for SD!
I think any new big players are going to wait and see where this sector volatility takes the price, hoping to get it cheaper like on days like today! All IMHO of course....
I wouldn't expect any ground breaking news EXCEPT perhaps yet a more detailed update of recent finds/production etc.
It is a time for analysts who have now digested the CC info./ to ask broader questions, address any concerns...and frankly, to PRY for info.!
For SD its window dressing time! A chance to give outsiders a feel for who they are and given Ward's method, I think this time can be used by Bennett to build confidence in his abilities and philosophies!
It is a DOG and PONY show, one that is greatly needed by SD given recent years relations w/wall Street and investors. All IMHO of course!
SDs luck for the last 5 years or so has been uncanny to the downside. It seems that even when SD pops one over the wall for a homerun, it is somehow blighted by the market with some bogus world event or some big mouth wall streeter who snipes at SD in the open.
Uncanny! In fact each of the last three quarters the markets shadow has tapped the brakes on SD just like today! I really can not believe the incredibily non-related bad news/fear that shackles SD everytime it is about to take a step forward!
On the other hand, we are in the 6.5+ range verses the high 5+ to very low 6 range..............SO.....I guess we all take what we can get!
OPPORTUNITY status IMO. It seems some W.Streeters are onto SD and perhaps SD is as cheap as its going to be looking forward!
I expect we begin to see SHORT positions begin to move out and I don;t think we have heard the last of the upgrades. SDs recent earnings is a game changer and potential/opportunity seem to be the operative words.
All IMHO of course.
Sentiment: Strong Buy