Investors hoped that maybe it wouldn't be worse than previous guidance and it was.
I'm surprised they are letting it trade up on this.
Lowest target price I see is $29. Vast majority are in 40's and 50's.
People sold the news and then the market just lost control. If it is up tomorrow don't be surprised to see no sellers. This market has no memory from day to day.
Have to pay up for this kind of growth... just sell after that much higher. Don't think now is a good time to bail...the big drop will come when earnings are going to be bad....it is too early.
computers lost control...who will be selling tomorrow when its green on day?
Crunch the numbers. Getting taken over at 19 PE.
His 5 miillion share overhang been holding us down from $119. $7 billion Ebitda is worth $105 billion. That is $200/ /share
BZH could easily go to 16-20 this year or even 25 if they do really well. It is already priced below book value as if its losing money so there is almost no downside.
Futures will be up after 2 day selloff... and VRX will be up because that is what it does.
That is why it used to be over $200...Just saying. I wish I had just bought in 70's and held. I've lost money trading this one.
If you look at long term supply demand graph....recent action doesn't look like anything special....we have been above or below 2 million barrels for the last 20 years.... Current price like you said has to be more political than anything.....WLL will be a survivor I think...Shale is cheaper than deep water I think so Shale has to come back....I would be most worried about Deep water and off shore rigs.
Well a Stock is about the next 30 years...they are hedged for the next 1 year so really WLL should be trading less volatile than it is versus its peers...this is just end of year action with 40 million shares sold short. The stock was $16-25 just recently. They 2018-2040 outlook really is the same. Fed funds are 0.25% Having to wait 2 or 3 years doesn't cost much. If you think Oil will be $55 in 2018 or 2019 rationally this stock should be $24 right now and $30 in 2018...so a 10% RRR for 2 years you should be paying 24ish right now.....Smart money knows this its just silly season....Next year there will be a mother of all up moves in WLL at some point resembling how it fell from $16 to $8 but in reverse. No way to know when.....but I got some shares and going to just hold them. Good luck.
I mean its over the holidays nobody is working anyway. They probably issued the press release after Bloomberg and media ran with it... He probably will be back home next week if not already.
I was going to buy TERP up 10 cents but glad I didnt