I don't think your broker was all wrong, dollar beat up on this pretty bad, double digit growth is still there. I have traded twice with some nice dough and hope to have some shares when the stedy upside march starts.
This should be fun to watch, I am really starting to like my 13.10, 13.20 and 13.71shs that was my final add.. Carl must be a little upset and has something to prove, as his shares cost alot more than my shares
I am now a happy long ready to watch the Carl Ichan show.
13.10pps was a bargain, shouldn't stay in 13's long, over reaction and got to give management to prove new pricing stategy. If you wre long prior 11/26, sorrry but no worry as there is still value for you too.
I don't think Leon would fool around for 20% and if that is what he is after better make it quick, as longer the hold the higher SD pps has to go. I am not worried, too many hedgies on this stock, they are a lot smarter than my small 10,000shs.
Don't be to hard on her, though I think she is wrong about SD, think the metal play is not that bad. I took position in SLV this week and think it will do quite well.
A few words with a lot of meaning. Well said
SD needs to prove Kansas is also viable, not as strong as Okla Miss, but, through their lower cost can also make a go at Kansas. I think these guys are very smart, as they realize the need to be prudent in deploying their cash. This is s show me time, if they execute, show that GOM has a continued purpose and can shirk the funding gap without capital infusion and prove the 100 year old Miss play still has a lot of gas and oil . Then the stock price will reflect the sum of the digits.
Shell and others bailed because they were starting from scratch and did not have the infrastruction to keep drill cost low. This gives opportunity for SD to cherry pick the available leases while letting their less desirable leases expire.
You have got to also give creedance to TPG and Cooperman and there are other hedge funds all over this stock, look at the most recent major holders and you will see. These are not stupid people. I don't like the current PPS but at this juncture am not worried and think management needs a few quarters to execute their plan and hoplefully see some positive results.
No The street needs to see SD execute and also show they can manage capex without dilution. Until then we are here for now or lower if expectations are not meant. It's called investing and this is a tough one, with high reward goes high risk.
Because it is not material until it's proven. That is the whole play here, is the acreage what they/Tom first thought. We know Oklahoma leases are mostly good, but we one a lot of Kansas too. We have a few quarters to go before an opinion will be formed.
Amen to that, guess they like their new insurance that you and i are paying for. So in addition to being mean, their power of reasoning is sub-standard.
Plese note "The firm provides its services to high net worth individuals, pension funds" Do you think if these guys was a bunch of clowns they would attract a high end client. I like to see WI and fat girl with no boobs attract some high end clients, LOL,.
Directly after graduating from Columbia, Cooperman joined Goldman Sachs. Cooperman spent his first twenty two years at Goldman in the Investment Research Department as Partner-in-charge, Co-Chairman of the Investment Policy Committee and Chairman of the Stock Selection Committee. In 1989, he became Chairman and Chief Executive Officer of Goldman Sachs Asset Management and was Chief Investment Officer of the equity product line including managing the GS Capital Growth Fund, an open-end mutual fund, for one and one-half years.
At the end of 1991 after twenty five years of service, Cooperman retired from his positions as a General Partner of Goldman, Sachs & Co. and as Chairman and Chief Executive Officer of Goldman Sachs Asset Management at the end of 1991 in order to organize a private investment partnership, under the direction of Omega Advisors, Inc.
Cooperman is the Chairman and CEO of Omega Advisors, Inc., a New York based investment advisory firm managing over $6 billion in assets.
As a designated Chartered Financial Analyst, Cooperman is a senior member and past President of the New York Society of Security Analysts. He is Chairman Emeritus of the Saint Barnabas Development Foundation, a member of the Board of Overseers of the Columbia
For nine consecutive years, Cooperman was voted the number one portfolio strategist in the Institutional Investor All-America Research Team survey.
In November 2011 Cooperman gained attention for an open letter to U.S. President Barack Obama in which among other things charged the president with engaging in "class warfare". This letter has been characterized by Joseph Palermo of The Huffington Post as a rant bemoaning the mistreatment of billionaires by the president and his "minions" (Cooperman's word).
In 2012 Cooperman was included in the 50 Most Influential list of Bloomberg Markets Magazine.
In 2013 Forbes listed Mr. Cooperman as one of the 40 Highest-Earning hedge fund managers.
TPG-Axon Capital Management, L.P. is a privately owned hedge fund sponsor. The firm provides its services to high net worth individuals, pension funds, and banking institutions. It manages limited partnerships for its clients. The firm invests in the public and private equity markets across the globe. It typically invests in healthcare, pharmaceuticals, financial services, technology, energy, and basic materials and retail. TPG-Axon Capital Management, L.P. was founded in February 2005 and is based in New York, New York with additional offices in London, United Kingdom; Hong Kong; and Tokyo, Japan.
The only idiot here is the author, must be a pitiful human being to come on a message board in an effort to raise his ego instead of being a civil participant, because he has no self esteem.
90 plus days to wait to see how many Pennies they earn they impairment charges will take those pennies and more. I continue to hold, not with optimism, but to convicne myself to never make such a bad investment again. I guess I should thank Carlos for that lesson. LOL