Hey all you MCF holders! Is there anybody out there or am I the only dummy left? Does anybody think oil prices will rise anytime soon? I think it's inevitable that they will return to their old highs but does anyone have an idea as to when that might occur. Boone Pickens says 12 to 18 months it will be back to $100. How credible is he? I guess if anyone knows, it would be him. This thing is kicking my butt as I'm down 31% and have hung on since the CXPO merger. Maybe I should sell my shares and get into another stock that has serious upside potential. Any ideas? Good luck and Happy Holidays to all of you long-suffering longs out there.
Just stumbled upon this stock! I had seen their advertisements on Bob Vandergriff's NHRA top fuel dragster but did not know they were a publicly traded company. After reviewing the key stats, I think this is a good buy especially in light of the insider buys recently. Also, saw an article saying CJES could be a takeover target. I will take a closer look and may pick up a couple hundred shares soon.
I agree 100%. That's the only way we're ever going to get our money back (those of us that have been patiently waiting and are under water). Perhaps we can break even if Contango is bought out.
Thanks for the encouraging information. The stock has certainly had some wild swings lately and was rated Outperform at RBC. The price of oil though seems to be a negative factor. I am still holding, trying to be patient, when in fact I'm not. If we can get back to $50, I may be compelled to move on but will make that decision, when and if we get there. Thanks
I guess I'm the only investor left standing or should I say crying here! Is there any bottom in this thing? That must have been some impressive presentation today! The bottom is falling out and nobody has anything to say! Yes, I am the only fool left!
Here we go again! Down nearly 4% with a spike in selling volume. Energy conference dog and pony show scheduled for tomorrow in New Orleans. I'm guessing MCFs presentation doesn't look too good and was leaked! What happened to the $55 pps projections? I'm now down 30% so go ahead and attack me for being an idiot! If you are holding this stock, bend over and try to keep smiling!
TKMR is a compelling opportunity, but where are the insider buys? It has traded below $10 and over $30 but I don not see any insider purchases in the last twelve months. If it was so good, where are the insiders? Perhaps they bought all they could in the past and have no funds available!
Stock had a strong run into earnings with strong volume. Then Contango misses again, by ($0.37)! What are these investors seeing? Is there light at the end of this tunnel? Perhaps they're looking down the road and seeing further growth and profitability. As for me, I'm still under water and not too happy.
"The company continues to target total production in 2018 of 3.9 million barrels of oil equivalent a day, rising to 5.2 million barrels a day by 2020. That’s an increase of 1.3 million barrels a day by 2018 from second-quarter levels, and a doubling of production by 2020. To call that optimistic is putting it mildly."
If PBR can increase to 5.2 million barrels per day, it would catch up to XOM, which had 5.3 mm boepd in 2012, making it the 4th or 5th largest oil producer in the world, whereas it currently holds the 14th position. That would be astounding and even more so if the Brazilian government would step aside and let them make a profit!
Anyone have ideas on earnings? Contango missed the last two quarters by quite a bit. Furthermore, E*Trade shows projected earnings estimates for 2015 at $2.21, considerably below 2014's estimate of $3.03. Tomorrow's earnings are estimated at $0.69 / 0.613 / 0.47. Any thoughts on what to expect?
Can it get any quieter here? MCF continues to be rather volatile in trading, however I have held my shares, even though I am under water about 13% and am running out of patience (yeah I know patience is a virtue). With earnings looming, does anyone have a feel for what is coming? Do Keel and Grady know what they are doing? Any thoughts?
Thanks and GLTA
This from Dow Jones on E*Trade. No price target given in headline though.