Also just cashed out a cccl postion from 90s. Shows what a marginal bit of good news can do to these stocks after rising from fraud level accusations
1) short interest went from 3.34 mil to 3.6. Very nominal. 2) they could be buying shares today. 3) where did you come up with GS a shorting shares. That's all bs
Put it this way, insiders bought a boatload of o preferred in December., and not the common. Tells me they know what's going to pay.
You could be right. I still don't know why this co stays listed. It can only be ego because they have gained nothing on us exchanges and certainly could never raise money. And they have no concern for shareholders so why continue this charade. Go private and move on.
Fortunately they don't get share BBs. With such a small float they could easily overrun the shareholder by continually rtiring shares to point of hostile takeover.
that is true but when you look at all the producers everybody is fairly well hedged for this year. this is why the production levels have accelerated in the face of declining prices. the real question is who will be stding at this same time next year..
I think you are right about oil finding a new low. Obviously with prduction still up and storage getting to capacity, prices have to come down. This will force production cuts although no cuts like imminent while all this hedged production still in place.
i do believe prices will come around in 12 months with production decreasing but the hedges are dismal come 2016 also. On that basis this still has more room to go down before it hits bottom.
KBW just released its REIT report on 3/10 and rated ARR best in rising interest rate environment and put current BV at 4.44. PT at 3.70 and see maintaining their .04 dividend
And reported at year end to have 1.65 billion in cash.
Pretty easy to see how this is happening, small float and with BB getting smaller with a high short interest. This type of co can be easily manipulated just look at the volumes. truly disproportionate to avg and to float composition
must be something, Bidu up on avg volume and this is down on multi[ples of avg volume after being the only chinese co in this sector to hit their numbers.
Yeah seems like this should be performing better. Beat revs, beat earnings beat margins beat guidance AND another 200 mil buyback. Management is executing and far better than BIDU or BABA.