on increasing volume doesn't bode well going forward .Just following from the sidelines .HK and SD heading for troubled waters for some time to come HK will be performing a R/S some time in the future ?SD did bounce off the bottom @ $1.13 is a small positive imo Don't have a clue what SD might do ?
news section this a.m.
news section this a.m.
headline news section
EIA Natural Gas Storage Data
Total (05/08/15): 1,897 Bcf
Total (05/01/15): 1,786 Bcf
Net Change: 111 Bcf
Implied Flow: 111 Bcf
Year ago stocks: 1,145 Bcf
% diff to yr ago: 65.7 %
5-year avg stocks: 1,935 Bcf
% dif to 5-yr avg: -2.0 %
"Working gas in storage was 1,897 Bcf as of Friday, May 8, 2015, according to EIA estimates. This represents a net increase of 111 Bcf from the previous week. Stocks were 752 Bcf higher than last year at this time and 38 Bcf below the 5-year average of 1,935 Bcf. In the East Region, stocks were 150 Bcf below the 5-year average following net injections of 59 Bcf. Stocks in the Producing Region were 45 Bcf above the 5-year average of 789 Bcf after a net injection of 44 Bcf. Stocks in the West Region were 68 Bcf above the 5-year average after a net addition of 8 Bcf. At 1,897 Bcf, total working gas is within the 5-year historical range. " Less
Following the completion of this offering, the Selling Stockholders will no longer own any shares of the Company's common stock and the co expects Matthew R. Michelini, Matthew H. Nord, Eric L. Press, and Robert J. Kalsow-Ramos, who are affiliates of the Selling Stockholders, to resign from the board of directors.
You don't see result because the companies they sue settle out of court .If they just get one lead plaintiff from any of the liberal states to join like Cal, NY, Mass ,Ill known as G.M.S. in the profession .Lead plaintiff will most likely get what they lost back .The rest goes to the lawyer's firm .
this didn't take long .
Mid-Continent-focused driller SandRidge Energy (NYSE: SD) recently reported its first-quarter results. While those results were noticeably affected by weaker commodity prices, the impact wasn't quite as harsh as analysts and investors had feared. Overall, the report showed that progress is being made as the company attempts to get to the point where it can begin to create meaningful value for investors at much lower oil prices.
No. 1: Financial results weren't too awful
On the surface, SandRidge Energy's report looked awful, as it recorded a net loss of just over $1 billion, or $2.19 per share. However, that was primarily the result of a non-cash writedown of oil and gas properties that the company took as a result of the significant decrease in oil and gas prices late last year. After adjusting for that charge, the company earned $2.3 million, which was basically breakeven EPS. While that was below the $29.5 million, or $0.05 per share, it earned in the first quarter of last year, SandRidge's results did manage to beat analysts' consensus estimates by a penny, as they expected a small loss. The company also reported adjusted operating cash flow of $146 million, which was nearly $20 million higher than in the first quarter of last year.
That said, SandRidge Energy did outspend its cash flow yet again, spending $322 million in capex, which resulted in the company using its credit facility to fund the difference. However, it will be significantly reducing its spending rate in the second half of the year: It plans to spend only $700 million for the full year.
No. 2: Drilling results were OK
Operationally, SandRidge turned in fair results. Production averaged 87,700 barrels of oil equivalent per day, which was 1% less than it produced last quarter. However, that is up 36% from the first quarter of last year and was driven by a 50% year-over-year jump in production from its Mid-Continent assets.
One area of strength was in recently drilled wells in the Mid-Continen
with 40mill shares traded I seen more buy to cover trades than shorting Too risky at these levels? Sunday might bring some positive news from SD leadership ?Retail might have done some shorting hoping for a few pennies or a crash but they had to give that up quickly this a.m.