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.
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
Compare this market capitalization to other restaurants that have MANY more locations, such as Biglari Holdings.
Got it, dipsticks ?!
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!
The central Louisiana properties were developed decades ago with older drilling tech. Suppose Swift goes deeper and horizontal ? The cash money won't be devoted to this for now, but it remains to be seen what's under those acres. We don't need to fire sale Louisiana, like Napoleon. Swift eagle ford gas is gushing, and cash came in from Indonesia.
You were stupid to pay for ANY ratings or opinions. But you do raise a fascinating point. How is this organization handling the accounting of future years revenue ?? Could the present be front loaded, by taking from the future ? I laugh in Angies bull face! HLF plunges 12% premarket. LOL
ANGI market capitalization $464M. Net tang assets are NEGATIVE $41M. Hicks laughed all the way to the bank when she IPOd this thing.
Shorts maggots are recognizing their fate. They should have covered under $9 in March 2014. I'm glad the little ones stuck around to be roasted. Book value over $24 per share. Value trumps shorts.
What do these names have in common ? They each got rich by duping America; Angie Hicks, Bernie Madoff, Kate Gosslyn.
Even in the $7s, this stock has negative net tangible assets. LOL
BH has tons of restaurant locations including 20% of Cracker Barrel. Don't believe me ? Look it up, LOCO.
BH market capitization = $733M
LOCO market cap = $1.37 BILLION, and only 401 locations.
What we have here is a yardstick, that just whacked LOCO across the chicken bones.