I've bought all the way down from $2.65, $2.45, $1.80, large buy at $1.48-$1.52, and in the low $.92 range. I feel better today than I did when it was $2.50.
Sure we hope, that's why you elect to buy stocks you feel are undervalued. There's way more options on the table than you or I can imagine.... Which one they elect to choose we don't know yet, but every option is on the table....stock shares, jvs, selling an interest in assets plus cash or agreement to fund the first x amount.... Make no mistake about it, well #2 results are crucial and catalistic and defining moments in a small companies future and still not the only options on the table....country delegates coming over 3,000 miles to your home office, ENI magnates aggressively interested in your assets, neighboring properties valued 1000 times yours????? Hello! Short interest falling off while price falls with it? Hello? NG at $4 wee is before heating season? Hello? LNH exporting next yr ..hello....definitely no conjecture here at all.
Fact : Wed morning you can buy KWK for $1.01 per share....and that's your choice.
The 4.5 mile line between #1 and #2 will be saturated with oil. To the point where ENI will finance the 2016's and acreage can be put up for collateral. No bank needed as ENI sees the acreage as solid cash. Just another week and 1/2 and we'll know for sure....
$250M left on credit FAC.....good for 4 yes and 50 more oil wells. Guess they will file by Friday.... No uh 2 + 2 = 7....oh! You are right on!
When will we know if they will be allowed to buy them back? How long is that process? Or, is that process over and its happening today?
I'm good for a dime also.....you might save up enough to buy 100 shares.
Well #2 is a 5,000 ft lateral tapping two formations....if results are good.....any banker will be more than happen to lend a hand and finace that volume of oil. 12 days and we get the numbers for Well #2!...
Well #1 and Well #2 are 4.5 miles apart. Drill 50 oil wells in and around that position. Math - 50 x 1/2(750 bpd) x 365 x $90 oil = $615, 937,500.00 per year revenue....50% of that $310M annually.....that should pay the bills until HRB happens plus $1 pps in earnings.....plus the other wells
I know mine is gone....I keep thinking these oil wells producing at better than 750 bpd is gonna some how revive my account balance.... Oh well....Glen its all in your court... wheres that deal "catalyst" at? The fund managers have had enough.
The first well was not dry and the pps sank anyways. 40M shares short and the pps rises....now 23M shares short and the pps falls as they cover.....crooked game.
He chopped at something AHs 8-k/a....but nobody smart enough to figure that 175 page document out....maybe we get a press release explaining it.
Well did the bond holders agree and then they file? Don't do any good to file without bond holders permission does it. I thought I also read where they want permission to buy these bonds back on the open market? Is this correct? Are they asking for permission or stating what they intend to do?
Full disclosure on West TX before that happens. Those 5 wells in three years can grow into 150 wells and worth Billions.
Google that and SPO blocking the attempt.,.. @$16 the Dardens saw the future...... Are they still trying to force it before showing their Permian cards?