It's the DEBT!
Nothing is free and debt must be paid back or defaulted on, unless your the Federal Reserve which just keeps printing dollars. Unfortunately SD has no printing press to pay back 3 billion plus of debt! Bankruptcy looms if oil goes to $50 and stays down.
Why? It's easily going to 36. The charts say so, not me. Look at the chart. Price, volume action and support and resistance levels say it's going to 36! No brag just fact.
This is truth but Obama and the democrats don't want to hear it. All they want are those black votes to keep their power and money. What a greedy and selfish nation we live in!
So you want to speculate in a company that has massive debt that they likely can't pay back? You better look at the balance sheet first and ask why is this stock showing so much weakness?
2 was support, now it's resistance. The smart speculators will sell all the way down to support again. That is $1.50, 1.51 to be precise. So, place your bid no higher than 1.52. That's all you need to know people. Sell at resistance and buy support, with a tight stop to protect precious capital.
$2 continues to prove it is resistance. $1.50 continues to prove it was support. I don't trade on my opinion or yours, just S & R levels. The trend is down and will only change when resistance is busted to the upside.
Ha, I heard that a hundred times at 6,5,4,3,2! It's only a speculative risky trade/buy at price support levels at best! Right now there is no or little support until about 1.25
Divi's like a utility stock is a lie. Heck, It's lost it's divi today for the entire year! The stock can easily drop to 90,
Ha, how many bottom callers have we had in the last 6 months that have been carried out on a stretcher. It won't be over until there is blood in the streets. No blood yet.
All roads lead down with the debt SD has and the price of oil going down. Did you see the sellers selling at 1.25? No brag just fact jack.