I am long PPHM but am concerned about the lack of insider trades in the last year. Seems to me that, if they had such a great product in the works, there'd be some insiders buying.
The bad news never ends! According to Reuters Brazil, we are now going to have to wait until late May, rather than March for the audited financial report. I am holding my shares but feel like we are being played the fool by the company and the Brazilian government. The amount of corruption and fraud that will be exposed will be an embarrassment to all Brazilians and hopefully will be the catalyst for a regime change and a paradigm shift in the ideology of the Brazilian people. It is more likely though, due to the magnitude of the problem, it will take generations to change the way business is conducted in Brazil. I am still holding my foolish shares in hopes of a turn-up in the share price over time. PBR is the largest producer of oil at this time and that must be worth something! Strap yourselves in and prepare for a rough ride!
Brazil's Pres. Rousseff has accepted an offer by Petrobras (NYSE:PBR) CEO Maria das Graças Foster to step down this month, setting in motion a plan to replace senior management at the company, Reuters reports, citing a government source.
Unfortunately, tomorrow will be another down day! I have quite a few shares and am down considerably.....anyone have any idea where the bottom is?
Hi Everyone, (or am I the only one left here?) "What Kind of Fool am I", by Sammy Davis, Jr., is playing in my head as I write this! Yikes, I gotta be a fool to be still holding this stinker with oil prices down 50% and this stock down 36%! Projected low earnings don't bode well for MCF! I have some PBR stock too. Am thinking there's not much reason to stay put here, although CITI predicts oil to go back up to $80 later this year (when ?) after a drop to $50 earlier; says Saudi Arabia will cut production. Was thinking of dumping my MCF shares, take my lumps and pick up a few hundred more PBR with some of the proceeds. I know PBR is risky as I have traded in and out of it for a nice profit earlier last year. Bought more as it tanked and now am under water again. Am thinking, again I know it's risky with all that is happening in Brazil, it's more likely that PBR could rocket upward than MCF. I'm not even sure what MCF is worth in a buyout especially in light of current conditions in the oil patch. Even if oil goes back to $80, I doubt that MCF will ever recover my 36% loss and I've been holding shares, starting with CXPO, for 2 1/2 years. Am thinking PBR could rocket upwards and recover my losses in MCF! Although, as I think about the risks there, it's certainly seems as treacherous as an episode of Ice Road Truckers! Enough of my babble, anyone care to give their opinion of MCF or PBR or me, or am I the only one left here?
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!