Won't make you a dime. SD isn't going to prosper because some mullets on a message board pray for it to go up. CHK isn't going to buy sd, and neither is anyone else. Energy prices are the only thing that could possibly save sd from bankruptcy.
gl mullets, I hope you learned your lesson....Next time don't listen to the dream team pumpers.
CHK dumped tons of ml acreage because they couldn't make a profit on it with $100 oil. The truth is it could be decades before anyone will make money on the 3rd rate okie land.
People like you are the reason normal folks hate okies, just sayin,,,,
BTW - Jeb Bush has zero chance of winning. Nobody wants another 3rd rate Bush.
Why aren't they suing the other 24 states that have legal medical pot?
The okies aren't just dumb, they're truly evil souls. They want to put grandma & grandpa in prison for smoking a joint. The good baptists don't mind if people get drunk and beat their wife and kids, but pot smoking is a serious "sin" - punishable by 20 years in the electric chair.
The dumb republican okies are seriously destroying their party. Marijuana will be a huge issue in 2016 election. Unless Rand Paul gets the nomination (which is very unlikely), they will lose the election by betting against legal weed.
The cfo screwed the pooch big time with the three way collars. He lost SD $15 / barrel trying to save a few pennies. I can't believe the mullet still has a job!
GTE is high risk for sure. But they can be profitable at low oil prices. SD needs at least 130 oil to make a decent profit. Make the debt disappear (bk) and they still need $80 oil just to to survive.
With the exception of the ranch in Texas and a building in okc, sd doesn't own any land. They hold leases in a area that is not profitable to drill. The sdw, and other infrastructure isn't worth much if it has no customers. That makes the assets worth far less than the debt owed. The junk bond market agrees with me. I don't see how sd can survive.
He probably lost at least 80 million on this turd. I wonder if tpg will be lead plaintiff in the lawsuits.
NO it's not correct. Nobody knows what it is because sd is unable to produce a revised report. Big write downs will have a negative impact on all oil stocks next year. Bv will take a huge hit. With today's energy prices, bv is next to nothing - it's probably even negative bv imo.
When was the last time sd made a profit? They lost money when oil was over $100. At these prices, sd has zero chance of survival?
Congrats on tlm. I guess repsol is more interested in buying low cost producers as opposed to 3rd rate okie land. If you liked tlm you might want to look at GTE. I'm starting to nibble at that. It's high risk, but I'm going to allocate 1-2% just for funsies.
That's about $20/bbl less than 2014. Or $600m less revenue in 2015($150m / quarter) if production stays flat. I suspect sd will cut capex enough to decrease production by 10-20%. Revenues will barely pay interest on the debt. SD will need to max out the revolver just to pay the bills.
Of course oil could go to $150 and everyone who bought sd below 2 will be laughing all the way to the bank! Fat chance, but it could happen. GL mullets, I hope you make millions here.