Stopped trying to predict price movement years ago--buy and hold (good cos.) long term works just fine for me--bought my 1st Appl shares in late '08--ave cost 39ish post split--will continue to hold for more appreciation to come--will have ups and downs along the way but long term trend is still very up--woks for me !!!!
I've owned Slca for 2 yrs.+ and follow it very closely--fundamentals-impeccable--I feel it's been unduly punished in this downturn in oil--should rebound in time--we shall see ! IMO
I also am waiting patiently because I believe in the co. and their product. The oil is in the ground and at some point it will pay to get it out ( as the price of oil recovers )
divid...you make a good case-however the price of oil right now is killing this stock-as it goes so goes Slca. I never thought oil would get this low however it did and no one really knows how far down it will go. I hear many pundits calling it to go as low as $40--will it ??--may--may not. The Ceo of Pioneer Resources made a nice quote when he said re: oil prices "my hands are tied". Nothing he could do.Unfortunately right now the fate of Slca's stock price is at the mercy of oil's price. IMO
many people need that oil--last time I observed that's what makes autos run--and many people rely on oil for employment !!! not very filthy--NY politicians are ignorant !!!!!!
debrau..I'm beginning to think you're right about oil going lower--Slca good co. but can't control the price of oil--which is key !!!!
divid.welcome back ! Slca as you know-very sound company-excellent management-all we need is the price of oil to be friendly and this will head back up to where it was !!! Best if luck !!
expressing his confidence !! "The decision to upsize our stock repurchase program reflects our confidence in U.S. Silica's long-term strategy and growth prospects as well as a commitment to delivering increased value to shareholders," said Bryan Shinn, president and chief executive officer. "We remain focused on using our strong balance sheet and cash flows to continue investing in organic growth initiatives and other high-return business development activities that create value for our shareholders."