Chesapeake Energy buying back $1.2 Billion in stock
Why didn't you cover already at $8.80 ? How about $9.80 or $10.80 ?
Do you often shorts oil and gas stocks trading at 1/2 book value ?
Do you understand that Louisiana becomes more valuable every day, and the price of natural gas is up approximately 33% since the For Sale sign went up ?
I am actually glad that Swift won't be forced to sell Lousisiana too fast, nor too cheap. Lack of news is good news.
$175 MILLION in cash from Indonesia fixed that.
Look for more mergers in the energy sector due ultra low interest rates.
Very very few oil and gas stocks trade at significant discounts to net tangible assets, like Swift.
They never expected $175 Million in CASH from Indonesia.
They never expected USA to export eagle ford light sweet crude.
They will be shocked at the cash Swift generates from the Louisiana sale.
They will be shocked at the production of natural gas and oil from the eagle ford acreage.
They won't believe natural gas prices will be north of $6 MCF at some point this year.
They won't believe crude prices will stay over $100 for remainder of 2014.
The shorts could have covered under $10 this year, but most didn't.
Show the short maggots no mercy. If you own SFY, place automated sell orders in at $20+ per share.
Shares with sell orders in place cannot be used as house share ammo by the shorts.
Demand physical delivery of shares in non-retirement accounts. Shares in YOUR hands cannot be shorted, unlike house account digital shares at brokers.
Buy more shares of Swift Energy and let patience and book value $24 overcome the greedy shorts.
It's a personal grudge against Terry Swift - third generation syndrome ?
The book value and net tangible assets here are twice the current market capitalization.
The greasy shorts are playing with fire. I smell bacon.
This deprives the short maggots of ammunition. Shares with automated sells cannot be used as 'house account' inventory by the short #$%$.
Now they PAY dearly to cover, but folks, this is only the beginning of what is coming.
Book value $24
natural gas and oil rising, and not just because of Iraq
Don't cover, dig in your heels, short more. I want you miserable rats to slow burn in that barn. You shorted a stock trading for less than 1/2 book value with substantial natural gas assets at decade low natural gas prices. Swift has attracted only the most ignorant of shorts, and today, they got their first taste of death, with $175,000,000 CASH rammed down their rat throats from Indonesia. LOL
It's their last stand, like Custer. I smell bacon.
LOCO has 400 locations and a market capitalization of $666M.
Biglari Holdings has 761 locations (includes 1/4 of CBRL stores since BH owns 20% of CBRL) for market cap of merely $743M.
Don't try telling me that BH has debt because Maxim magazine and the Florida direct trucker insurance, and 10% of UNAM, are worth more than the debt.
LOCO has $288 M in debt.
Book value and net tangible assets are negative numbers. She duped the world.
Reminds meet of Kate Gossilyn. Tiny town ladies who crawled to 15 minutes of fame.
Even after this premarket plunger, Angie is bloated and overvalued.
I told you clowns this was brought public to dupe IPO suckers. She got rich. You get to hold the sogging wet bag!
Stuck? The stock has gone up significantly since BH took a stake, which means approximately $100 M in capital gains - on paper, especially at the $118 level per share. Lebanon, Tennessee gets to shovel cash to San Antonio, Texas aka ,Dividends. So if being....stuck...means you hold an asset that pays cash dividends, and increases the payout, and the value of the stock itself continues to up....how....stuck...is that ?