I suspect this is more than just good corporate governance which is an oxymoron at DBLE anyway. Can anyone suggest a public company since JCP where the CEO did not live in the city of the HQ or near its operations?
This may require the well hook up announcement and an ops update. The shorts control the tape until we get news that can be assessed and quantified. I'm clearly too heavy here with a bet on Transier, I'm afraid.
Looks like I'll be adding under $4 as the price advance in NG has stalled. Winter temps are so fickle, but storage and long range forecast look OK.
Dole is no longer board chair. Cohee and Balaban have perhaps finally seen the light shining from Dole's eyes through to the rear of his skull without any diffraction. They took a nice little swipe at him with their comment on direction setting. Maybe the cheap sale of the company gambit has backfired on Richard and Kurtis.
They seem to be running on financial fumes looking at the 10Q. I want to hear they're selling oil from Yowlumne and can start on Project Indian. Anybody who buys some stock now has to be seeing something positive in the field. Nice to see it today.
New Mountain Vantage said it had and may continue to have discussions with Unit Corp.'s management regarding means of increasing shareholder value. New Mountain disclosed that it also had and may continue to have discussions with the company's management and board regarding the board structure and management compensation. (Go get'em, activists)
The last print of the day today was 49,600 shares at $4.81 to recapture most of the day's price weakness. Somebody was happy to get some shorts covered thanks to the run down today. Masterful control of the tape.
My broker at a regional firm told me the standing joke in his firm was their retail head suggesting to their head trader they go to high bid on a speculative local name but not buy any.
Danzik is out on a limb with this buyback idea now and perhaps three days following his conference call on Dec. 19th he'll make a token or modest purchase, but as has been previously suggested in another post, their new credit facility requirements will ultimately dictate size, timing or any at all.
lou, I think you ask a logical question and only a first grader would red thumb it without a follow up post expressing a different point of view. Clearly the estate and the company need values acceptable to the IRS for the dribs and drabs of under producing fields, small working interests etc. and who better to aid in the appraisal effort than a partner who is paying to find out and can then make a reasoned offer?
Same to you and to all those working below the executive suite level for this turkey, particularly those out on the platforms who are away from their families this holiday.
That was a resistance level off my charts but not everyone sees them that way, so if you plug 20 day EMA into any commercial chart you'll see it today around $4.90. A close above that level today and a hold above Friday is significant to anyone using TA. Skeptics will cite the low volume this week and claim things will be different Monday when the varsity takes the field again, but only time will tell for that.
Is an ENRJ victory in the case that the $492K in disputed fees disappear or does Watson think there is something further to be gained from the law firm, if you know, ED? Thanks.
Lousy day to have as the backdrop for good news but (cue the music), you can't always get what you want, but when you try sometimes, you might find, you get what you need.
Entered here today for the bottoming and run to nearby significant moving averages:
50 dma at $4.32
200 dma at $4.37
A quick crossover and TA traders will jump back for the $4.80 challenge. GLTA
Oppenheimer has WRES on their Buy list. I suggest responsible posters move their comments to the board at IV. This one has become a junk yard.
The coming $5 offer for FPP is being made to look generous by this trading action. Stephens will look like they got us a 25% premium. The offerer here is a pro.