Large market cap shale has only begun to collapse. How does $38 per barrel oil sound to ya ?
Do I hear the sound of pay cuts in Irving, Texas ?
Maybe Harold Ham will throw you a bucket of tar to save you ?
$48 BILLION market cap still a huge bulleyes for even more mounting losses on the Bakken overproducing patsy!~
Why doesn't EOG remain themselves with something brandy like Tar Sands ?
Keep flaring the Bakken, while Swift Energy connects more natural gas pipeline capacity in the Eagle Ford. LOL
How many of you Cracker Barrels even know the extent of gains BH is holding on your stock, and how many millions of dollars of cash dividends have been air freighted to San Antonio, Texas ?
Guess what is more interesting ? The market cap of BH is only $623M, yet 19.8% of CBRL = $590M. LOL
Denbury also cut salary expense load;
'Additionally, two top executives, Craig McPherson, Senior Vice President and Chief Operating Office, and Charlie Gibson, Senior Vice President-Production Operations, have resigned, Denbury announced
It's better than you think, sparky. PGN just acquired specialized rigs for deep discount vulture pricing in Europe....can you spell accretive ? Not to be confused with cretin.
I loaded up on PGN with a basis of $4.56 and now PGN is acquiring specialized rigs at vulture pricing. LOL Thanks Noble, for spinning off the baby from the bath water. LOL
This is the kind of activity that reminds me of Warren Buffett circa 1962. Noble was foolish to jettison this PGN jewel.
Harold could acquire good hydrocarbons for deep discount; SFY
What we have left here are longs who can read a balance sheet and recognize the meaning of $24 per share book value. The short maggots drove this down to $5.86, but their powers have now been exhausted. There will be at least one super spike in natural gas prices between now and June 2017 when SOME of the debt is due. Being largely unhedged, with blowout Fasken production, and higher pipeline capacity, will generate profits well beyond analysts expectations. Texas will be exporting liquified natural gas soon enough.
You should have acquired some Swift Energy extreme value stock when your Permian bubble was still a bubble.
SFY remains the most extreme deep discount to book value in the Eagle Ford.
At what point does Norway wake up and invest in North American natural gas hydrocarbons ?
What about Muriel Siebert ? How dare you forget about Mickey ? Nice of her to float an IPO and run it right into the ground. Hey wait a minute, this is value stock Swift Energy board, corncob!
Swift Energy is trading at $7 (and change) with a book value north of $24.00 per share.
The mind reels.
Book value matters after all, and SFY is trading about about 1/4 book value.
EOG and other balloons trade at huge premiums to book value.
Try reading a balance sheet, tar sands!