Shorts can protect themselves with options the same as longs can. If it happens that some short positions have to cover....any buying is welcome....but I hear "short squeeze" touted all the time on various stocks...but seldom ever see one occur...like they used to. If a company produces results the stock will get valuation....so far SD is performing very well as per my cost basis...and is still undervalued ...in my opinion. At present SD has good accumulation taking place, it's inking an uptrend chart on both the 200 and 50 sma's, it's getting positive press (last count was 20 positive articles), major holders (TPG) taking additional stakes, and better earnings forecast. That's all happening with present status...add in upsides of a sale, stacked plays, Wood Ford, higher natgas prices and one could pose the question...who needs shorts ? They can worry about what they do or don't do, I'm long, I'm +20% already...and I think we have a long way to go yet on valuation....I have no time limit or expiration date that impede my investments....so far the SD turn-around story is tracking true to form and as long as it stays the course...I'll hold the stock. JMHO...GLTA longs.
Hey.. boar, thanks for reading my thoughts and putting them in print. Wholeheartedly agree with your points. I'd add that aside from operational costs, I'm looking forward to hearing results on both the stacked play and Wood Ford exploits. Granted both of these are new exploits so early results usually don't produce the best results, that usually comes along with a learning curve. I'm still of the mind the initial Wood Ford wells yielded something good with Bennett saying 8 more are planned. Just like everyone else I'll have to wait and see what we see. Very happy with SD. GLTA
without an MLP, PBF is a valuation buy at this level and dividend yield...an MLP announcement should kick the valuation up when a date is set. JMHO......insiders buying is the oldest and best clue. GLTA
My intention was to imply a sale per the reference of NAV of $10-$15....but I don't think a sale will occur if the price isn't right....if SD can get a good offer...I like fast $$$ as much as anyone...but I'm pretty content with SD progressing as is. All one can do is to look at the "known" we are always at the mercy or benefit of the "unknowns" that arise. I gained +$5,000 on a refiner yesterday because the EPA announced it was substantially lowering the ethanol requirements next year...I never saw that coming and neither did the market...it took everyone by surprise.....but if you held any refiners....it was a nice "unknown" to get hit with. Sometimes ugly shows up...sometimes it's a knight in shining armor....you just never know for sure on any stock. I invest by the "known" and handle the "unknowns" as they surface. GLTA
Agree, decent BOD, now good management and cost controls, lowest well cost and the presentations show what the projected oil production growth will be. On the 200 sma we're taking off $5 daily pricing and adding $6 plus, in about 2 weeks we'll be taking off $4 daily pricing and adding $6. with both the 50 and 200 sma's both in uptrend is a very strong indicator for buying. If they beat earnings estimates ( I think they will ) then it's a whole new game.
that would would similar to the ignore feature on Yahoo. When you hear a voice of someone you detest you just click your silencer button and walla ...their lips will be moving but you no longer hear them....just think...being able to tune out that "sister-in-law"....or "uncle Joe".....instead of just being able ignore the trama's ( pun intended ) on Yahoo..you could silence any vermin anywhere....you'd still be able to hear others and all other sound..the voice recognition would just block out the shrill blathering dribble being evoked by those you detest. Ahhhh to be able to to see their lips moving and hear no sound.....oh well...at least I have the Yahoo ignore feature....but seriously Apple, consider the potential....$$$$$. GLTA
getting more positive articles as folks realize the potential versus focus on the past. SD is still going to have to produce the results to maintain the increasing favor of the market. For now the strategy and the growth projections look good...the key to any energy companies success will ultimately ride on the commodity prices...SD has good hedges on oil so there is protection there. The big break for investors will be if natgas can recover and hold above $4-$5....I can't imagine it won't with all the additional surface transportation usage, utilities, and export terminals coming on line. A good cold winter could provide a jump start....but mother nature has been rather unpredictable of late. All things considered...it appears that the Miss Lime and the GOM will feed enough oil revenue as is, discounting the Wood Ford, or stacked plays, to maintain the company for the next two years with current funding capability. So I see SD being relatively safe for two years..with three good "wild cards", Wood Ford, stacked plays, and recovery in natgas of which anyone could substantially upgrade SD's earning capacity....lastly is the NAV of the company which is pegged anywhere from $10 to $15 a share. I'm a buy and hold and quite content with SD's performance to date..and plan to stay the course. GLTA
Keep in mind back in May SD lowered overall BOEPD for 2013 then on Aug. 6th they issued an updated forecast for an increase in overall BOEPD production....I can't see any reason for them to up the forecast when they could have remained quiet and played it safe...unless they were awfully confident in increasing the production. With the cost control they showed last quarter with TW just recently removed....and he had no influence on this quarter so I would expect even better cost control. Lower cost...and revised production increase...nope..I'm not worried and apparently TPG isn't worried per that large option placed ahead of earnings. JMHO GLTA
Well, in May SD announced a forecast of lower overall 2013 production. then exit TW...enter Bennett and in Aug..SD announced a forecast of INCREASED overall 2013 production and in line with increased production comes the already proven lower well cost and G&A expenses. What's not to like about this story ? GLTA
Well..I'm an independent and and both the dems and repubs give themselves their "bad" names. It's akin to the Gambino's arguing they are better than the Luciano's...they both self serving pack of crooks.
refuse negotiation = impasse= default= not only no Obama care but no nothing else either. Too bad we don't have a King Solomon...because right now both women would rather kill the baby than see the other prevail. The best thing American voters could do is to flat out vote against any incumbent in BOTH PARTIES....if there are future elections. It's rather scary when you consider that a large portion of these folks actually hold high degrees from the most recognized colleges. Just goes to show we can afford the most expensive idiots money can buy. God help us...because they certainly aren't going to. Sorry...just my early a.m. rant...another cup or two of java and I'll be OK.
have both the short term and long term averages in the uptrend. I really don't adhere to charts for investing but I do know that a considerable number of investors do both in retail and institutional. SD has finally inked a chart that meets criteria for longs and fails criteria for shorts...probably the reason the short position is now falling off. One day doesn't make a stock...SD is stacking up day after day with price and volume to the extent the ink tells the story..anyone who looks at the chart is gonna see the same thing...it looks good...and it IS GOOD. I think the most important facet is it shows the negativity SD was burdened with has come to an end and that in itself was the biggest hurdle in SD's path to regaining valuation. As they post results I think the market will now give them the valuation...and the strategy laid out for doing so appears to me to be very attainable. Warm and fuzzy on SD. GLTA
Not unexpected at all. I would have preferred for the position to have held on longer...I'd rather see covering at higher levels.
it looks very good. We're going to lose the mid $4 pricing at the back end right as we're entering earnings...both the 200 sma and 50 sma are climbing...it would be nearly impossible to keep that from occurring barring a large sell-off. 3 month % of return is +20% and the old axiom let the trend be your friend is in play. Anyone who is disappointed in SD post the proxy...is an awful hard investor to please. We're climbing steadily, SD is funded, oil production growth is climbing and expenses are dropping......LOOKS LIKE A TURN-AROUND STORY to me. Bring on the earnings report....I can't fathom TPG putting on the option play that huge if it wasn't going to be good numbers. I think we're to go on SD....barring the boys in DC pulling the rug out from under the market entirely. JMHO GLTA longs.
Sorry for the delay in responding Doug...grand daughter fell asleep on me in the recliner..I was trapped. LOL. We'll go primitive last week of Oct., then again weekend before Thanksgiving. Eating some venison burgers as I type....getting low on the freezer supply.
Day trading is OK...I did it for years...but it's tiring and creates a lot of paperwork. I'm a lazy investor nowadays....of course I used to climb the ridges and slopes deer hunting...now I walk the level ground and logging roads. I've learned taking it easy can be every bit as rewarding. GLTA
but with the current market sentiment.....I keep plenty of bullets at the ready just in case. If it goes substantially lower I'll be happy to add...watched CLNE for years...and this is the best dip Iv'e seen in a long, long time. GLTA
the 200 sma has bottomed out and will start climbing as the $4.50's trough begins moving out of the further most portion of the 200 day window. Expect the shorts to try and get all they can while they can as this is likely a last chance exit. We have earnings closing in and any break-thru on the DC impasse will = upside rally....I think SD's chart will begin bringing in chart followers just on the technicals. For those who get frustrated by board posts whether pro or con...I REITERATE...YAHOO BOARDS DON"T MOVE STOCKS..PERIOD. I'm sticking with staying what I've witnessed...and that's TPG adding a big bet on being above $6 and 200,000,000 plus shares traded above the 200 day sma. The yo-yo moves feed day traders...for buy and holders as myself...it's just normal activity...not big enough to sell or big enough to buy. The turnaround is still the story and the price and trend lines confirm upside is still firmly the direction. GLTA
She could solve that irritable affliction she has. She only needs to shave one side so the little critters will all run to that side for cover...then set the hair on fire...when the cooties run out...stab them with an ice pick. Just a health tip...doing what I can to help the uninformed and underprivileged. LOL
Dab a little arsenic on the ice pick for extra effectiveness.