You ignore the fact that they have 40 plus years of reserves and the heavy investment in infrastructure is IMPORTANT if you get it for pennies on the $. They are a high cost producer relative to some, but not all producers, and many more would fail raising oil prices before syncrude stops producing. The asset value is much higher than the current stock price. The real question is will management swallow their pride after being so wrong and sell near the bottom of the market. Many see oil going back to $70 within 12 months, if so the stock will be up 50-100%, if it takes two years, they have the staying power. If management sells now maybe $12-15 us $. to someone like Imperial or maybe they let all the remaining partners increase their stake in an auction. the stock though risky is WAY UNDER VALUED.
You are correct my friend! Any big time money manager will tell you he'd rather buy off the new high list than the new low list! How would you be doing if you bought AMBA earlier this MONTH when it broke to a new high just above $63??? Amba looks like it could become a little extended soon, but the fundamentals are so positive and the market cap relatively small who knows?? Shorts could push it higher over the near term.
Great earnings report, upward guidance, fast growing markets, small/mid cap. EVERYTHING institutional investors like to see in a stock. Goes up on down days and on up days. Plain & Simple, institutions are buying the story and the stock!
Locked in a $31- 37-38 range. Good buy for income with interest rates at this level at the lower end, a sell at the higher end. Lets not over think this rather boring company.
If you are a long term investor, you don't. AMBA right Mkt cap to run for several years if they keep growing at this rate. If you believe in their new markets Drones, Auto, Security upgrade cycle, more companies using their tech, etc. If you are a trader you sell today and maybe the market gives you a change in high 50's low 60's
So Deutsche missed 100% move in 13 months and you bother to even listen to them. Conf call total you all you need to know. Seasonally weak 1Q will exceed seasonally STRONG 4th Q. cameras to replace mirrors on cars in developmemt . Conservative guid. up over 10%, etc etc All businesses strong! 2 billion mkt cap just getting started.
The scary thing for the shorts is with new products by major players using AMBA chips and conservative guidance raised over 10%, how long do these guys want to go against the grain. There have been many good tech. companies that have busted the shorts long before they ran into trouble or competition. There are easier ways to make a buck. Best advice, shorts cover and move on, you're on the wrong side of this one for at least another year!
Shorts you need to learn lesson #1. You don't short companies with leading tech. in fast growing markets. YOU short companies with DECLINING FUNDAMENTALS, NOT IMPROVING FUNDAMENTALS!!!
PROJECTING NEXT SEASONALLY WEAK 1 st Q will exceed seasonally STRONG 4TH!!!!! Shorts will cover. You don't short a small/mid cap with leading tech. with 30% rev. growth. You can only short it ONCE someone comes up with a better product. Company still has at least a two year advantage.
Syncrude is making good progress in lowering cash costs. Given COSWF market cap. and all the money they have spent on Cap. Ex. their 36.7% stake is worth a lot more than the $9 us it is currently selling for. Imperial where the HELL are you!!!! Oil has bottomed and now in a $45-55 range for awhile. Not enough to get Coswf really moving a lot higher, but at a price someone should want to acquire them. How about an auction with all partners bidding to increase their stake???? Management needs to come up with a plan to help LONG suffering shareholders!!!
The stock moves up slowly but steadily when there is no news or reason, other than insiders knowing the likely offers are north of the current price. Don't know if it's $.40 or $.50 or $.60 but that is likely the range.
You have a company with leading technology and less than $2 billion market cap. COMPETITION for GoPRO is more business for them. Security and police markets for their chips could be huge in time. Earnings report will be another big surprise. Momentum guys will buy and some shorts will get nervous and buy. $65 before the end of the month??
Why??/ Because they can get BILLIONS of barrels and 40 years+ of production for a couple billion $$$. For your information COSWF and it's partners of WHICH EXXON IS ONE use an upgrader that produces LIGHT SWEET CRUDE and with cash costs around mid $40's they are far from the highest cost producers. Finally, huge assets in a SAFE FRIENDLY country. So there is the answer to your false assumptions. If you own the stock ( coswf) you really should learn about the company. Poor Management, BUT HIGH ASSET VALUES!
Yea AMBA was a $26 stock and Google came public at $85, so I guess it's going back there, WHO CARES! They have the leading technology in video with multiple applications and ONLY a market cap under $2 billion. If competition is a problem for GoPro it's just more opportunity for AMBA.
Amba will blow out the numbers and GoPro's risks are NOT AMBA's Problems. AMBA will supply to other competitors as the leader in this technology, and also services other fast growing markets. Any weakness early today is a buying opportunity!
Cooperman said he offered to buy Visa's stake at $.27, so move here is not surprising. Visa declined so they want more too. Cooperman adding at recent prices means he's fairly certain the number is at least at least modestly higher.
AMBA ran up hard after Go Pro beat last Q. Over 6 weeks or so the stock ran $20. This could be a repeat and with large short interest the move could be big once again.
Sentiment: Strong Buy
They appear at institutional conferences. It's Institutions which will drive the stock and really understand the technology. They appear next week at an internet and tech. conf. Gpro reports tonight and that's why the stock is moving. Ran $10-15 after last Gopro report over the next month. If Gpro blows the number out. The stock will be $70 next week
Sentiment: Strong Buy