imo you was victim of a panic selling without having the materaial infos of the ER yesterday . I think you let your emotion take on you and probably you will greret it today . Wish you the Best for next trade.
sorry correction point 1) huge production cost realisation :
Prices realized during the first quarter of 2016 averaged $36.87 per barrel of oil
Average realized prices for the first quarter of 2015 were $66.28 per barrel of oil
THEY ARE very focus at avery aspect: i have no doubt about they will get a REfinancement during Q2.
1- oil production cost drops from 50 ish to mid 30 ish dollar. We gonna be profitable soon excluding impairment pay down etc ....
2-reproposal to BOEM with more assurance in favor of BOEM
3-asset sales is taken into account
4-reverse split possible, and dilution could be minimal depending on new refinance (if) obtained.
5-Smat reduction of costs -suspending wells and staff reduction that produced a high margin in point 1. and allowing good conditions to obtain new alliance and refinance.
GO SGY. Get me rich at this Big Opportunity in a good oil play.
what is your interest in warching it rise or drop and eating popcorns? Is it a kind of cheaper pleasure than pay on demand movie? :)
And i bet huge TSLA 230-235 on friday. i will lose or you will need to shorten your vacation :) .