You could guess a dip to $15 a sound slightly credible, if credibility was even a part of your motivation.
Anybody can make a guess and in the words of Ms. Yellen, we're "data dependent" from here. Past trends are out the window and if somebody said the stock will be , "+20% from here," it would be a more credible forecast on presumed market leadership than +68% to $54, but still only a guess.
Maybe this past week's price action has me too negative.
They sold their equity stakes in option monster and made a ton. They remain obligated to trade through o/m and to talk it up.
NG is trading today at $3.09, the highest level in four months. PQ has some gas hedged in 2015 from $2.89 to $2.97, where they can presumably make a little money, so you have to be mildly encouraged with the trend here.
Comstock Resources Inc (NYSE:CRK) was downgraded by KLR Group ( ) (analyst John Gerdes) from a
"buy" rating to an "accumulate" rating. They now have a $5.00 price target on the stock, down previously from
$7.00. 17.1% upside from the previous close of $4.27
Go to the EGY website and sign up to receive notifications of filings. How do you people have money at risk and rely on Yahoo Finance for your intelligence? Oh, that explains 95% of this drivel.
Derek Macpherson, M Partners (5/13/15)
"Klondex Mines Ltd. reported Q1/15 financial results which we would characterize as decent considering the company's ongoing ramp-up but were a slight miss relative to our estimates. . .earnings per share came in ahead of estimates as the result of the positive CA$9.5M foreign exchange adjustment in the quarter. . .partially offset by higher cash costs and general and administrative expenses. . .we are reviewing our estimates, but our long-term view is likely to remain unchanged."
Where is that TB announcement? We haven't had the front month at these levels for what seems like a long time.
Form 4 filing. Shorts furiously phoning Houston.
Technicians will note we closed above the 20 EMA which my chart had at $2.35 today. Bullish!
No I did not, but the delays at getting TB on-line have clearly played into their hands. There is a razor thin margin for operational error going forward and this has become almost a binary bet on natural gas prices.
Some early heat forecasts for the East Coast and parts of the Midwest for the back half of May are supporting NG prices and causing a little short covering by the commodity's traders.