It's difficult to understand the formations was my point. These are old fields that was originally exploited in the 20'/30's and now being reworked with new technology. In the 20's you could see the oil seeping out of the ground, the original wells produced very long, but, now it's targeting layers rather than just drilling a hole until you hit oil.
I was wrong thought it was 7 quarters and not 8, RR should be proud, with that said my basis is 13.30pps and will be a buyer if it dips in that range again.
I own CHK too and see 18pps upside, I want them to use the cash on hand to reduce debt. That gets them financial grade and they can operate and take advantage of future deals, instead of, company laden with debt like SD. Remember this was Tom's partner Aubrey that ran CHK in the ground like Tom did SD. Had they both controlled their egos, both would have still be at the helm and SD would have been a much better company than having to sell off all the valuable assets, to be left with the hard pickings that the Miss brings. It's a hard row to hoe and will continue until they figure out the Miss.
I wouldn't disagree, this thing has gone down at earnings the last 6 quarters, with that said like to think maybe RR gets something right and does a good beat,
CK sorry you are still in, I bailed at 1.30 and took a 16k loss, I hope this does workout for you as I hate to see investors get dupe with the likes of this stock. I see no value hear though it could be a double from here. The deal takes share holder approval???? If I would play this might look at the bonds.
Just one simple question, are you saying NUAN VR technology is garbage or a industry leader???? And if they are not the leader, who has better technology??
They are respectable too:
Deutsche Bank Starts Petrobras (PBR) at Buy
8:57 AM ET, 11/19/2014 - StreetInsider
Deutsche Bank initiated coverage on Petrobras (NYSE: PBR) with a Buy rating. Analyst Alexander Burgansky sees five-year CAGR of 10%. He also noted lower expectations.
"Although we think it is likely that the company s 4.2mnbpd production target for 2020 won t be met, we are still forecasting a five-year CAGR of 10% in total hydrocarbon output, which would make Petrobras the fastest-growing major oil producer globally. The company s substantial reserve base is highly encouraging, and supports the visibility of its production growth, we think," said Burgansky.
"We believe the market s concerns over low domestic product prices will gradually subside, given that the negative effect on Petrobras profitability has been significantly reduced in a lower oil price environment. At the same time, the planned commissioning of the RNEST refinery should reduce product imports by 7% in 2015, and a further 25% in 2016, on our estimates, which will be sufficient to move Petrobras refining business closer towards break-even territory, in our view," added the analyst.
For an analyst ratings summary and ratings history on Petrobras click here. For more ratings news on Petrobras click here.
Shares of Petrobras closed at $9.42 yesterday
Their is no book value, every quarter is an impairment charge. The are selling the Lead Fabrication Unit, which is the only profitable unit in the company. Does that make sense???????
Sentiment: Strong Sell