They would have to pay down debt to make this cash flow positive, don't see much more that 3pps, which is why I like CHK instead, they don't need SD, SD needs them.
Hey Morgan, are we not starting to Love CHK, I told this board in precious post, NG may be their savior. Also have said SD could be a perfect fit for CHK on an acquisition.
Just another thug, When I lived in LA, knew police officers that was involved with Rodney King, he too was a thug that threatened police officers. Yes they got carried away, but when you have a thug that is threatening a police officer, he is also a most severe danger to the public. Any thug that has total disregard for civil justice is an extreme threat to the safety of others. In that case I say beat the guy to an extend he is no longer a threat.
You have people like Tammy that says this is cruel, but if that same person was threatening her life, I can assure you she would beg to have a police officer to save her. Liberals are so stupid. All they do is incite riots and looters.
People raised in a disavantaged enviorment, does not give them an excuse to be thugs. Anyone in this country can rise beyond their upbringing and do well if they choose. That is what so special about living in America. Rodney King was still a thug after he received his million dollar settlement and had an early death..
With that said why Tammy needs to make a financial board as her vehicle to rant about nothing is her just that, her need to rant. She should move to Greece as this is the type of country she wants America to be.
My My, this must be a generation gap thing, you own me, what does that mean??? Your only pleasure in life is this board and if it wasn't for people like me to put you in your kennel, you would have nothing to do. So on the contrary, who onws who?????? LOL
So true, the best analogy I have read thus far about Cramer's Flim Flam. He is a pretty smart guy and I agree with your comment.
No Tammy this is not about you, LOL
In October of 2014, Saudi Arabia signaled that it was willing to let oil prices fall and no longer cut production to support higher prices. Since that time Saudi Arabia has spent nearly $50 billion of its foreign reserves to keep its domestic social contract going in the face of diminishing oil revenues.
A pretty smart guy from CHK board jut posted this regarding NG demand, though some numbers are his assumption, the future 12 bcf export number is well known and real. see following:
Inventories go up by 81 bcf versus the 87 bcf that was expected and NG goes up by almost 5%. So a shortfall into storage of just 6 bcf, compared to total storage of 1,700 bcf, pushes NG up 5%. What happens when LNG takes 12 bcf of NG off the market EVERY SINGLE DAY??? $2.70 won't be the price of NG, it will be the average daily move in the price of NG. When the Chinese are paying us $10 and beyond for our NG, people like mike_masin will be in straighjackets wondering how the missed the rocket ship called "$50 PPS" Yahoo needs to come with a category greater than Strong Buy. Less
Takes time to filter through, NG has based out, only up from here. For CHK need to be patient for next two years to fully appreciate the potential upside. Do believe will be in the low twenties this time next year if not sooner. Truly think CHK is a 40/50 stock but need the exports to kick in. Southeastern is way underwater, would think they would have cut their losses long ago if they didn't see the value. You have the Chairman Archie Ex CEO of Conoco/Phillips just bought another million shares, . He didn't consult with Tammy, Client or Wi, so I really hope his purchase works out.
PS they also have FDA Orphan approval and on fast track with the two phase three's and is currently marketed in Japan, how may dumb Japanese do you know???
For the nice people on this board, I have a Bio speck I have already doubled mu money and been into/following since 2010. They are approaching the end of two phase three trails with promising results and also backed by Merck. I own a small five thousand shares with a basis of 2pps that could net 250/500K, a thousand shares for 4K could net 50/100K. If interest, Doug, KIKI, only the nice people on this board, let me know and will give you the details for you to decide. There's no way in hell this lowly teller would give my hours of research to someone that invest in their sleep, LOL I plan on losing no more than half of my investment as they have many other trials in phase one and two, or it will buy my next Mercedes. I believe this will equal or surpass my multi-grand slam with US Surgical in the 80"s . Happening twice in a lifetime is a gift, so don't count on it as my 500 shares of US Surgical at 30pps went to 100pps and split 2 for 1 several times.
For the smart people on this board, we have known for years the upcoming exports of NG and how the pricing of NG would accelerate. Starting this year the exports begin and more next and more the year after that. I try to invest based on the macro and not the present day micro economics, but that's me.
I don't view investing in my sleep as some do, Rather think long term, not all works out and have admitted SD was a waste of time, though there is still money to be made..
Like BAC that I was stalking since 2009 and finally made the plunge in 2012 with several thousand shares under 10pps and the reward is only beginning for this lowly teller, LOL.
Same with NG, have made some money in the past, but now is the time to take the plunge. SD is a small play. versus, a CHK that has righted their balance sheet and is in the dawn of great things.
Look at Shell's recent acquisition of BG, BG assets is deep water NG, should tell you something. If you don't think CHK is the grand slam, there are others. SD is a play on acquisition, but as a stand alone they are not, as they do have too much debt to continue in their present state. Any share offering will only dilute your holding. It's a great trade like people like Doug has done well.
My thoughts only as I have followed this stock since 2007, drank some Tom Koolaid and though SD is in better hands now, don't know if Bennett can pull it off, unlike CHK he has not true assets to sell to right the ship,
GLTA except for the unfortunate that think they will short this stock to zero, as it will be acquired before that happens,
I am overweight CHK for the play on NG, could also be the one that acquires SD. Most certainly would not be short SD here.