It reads pretty well.
I hope this is another debt for equity exchange coming up and somebody wants more shares, a reduced strike on their warrants or something logical to explain the share price weakness, because 0.77 to 0.67 over the last 10 days is becoming a concern that something worse is happening. Say it ain't so at an upcoming conference please, Jay.
Please don't confuse this message board again with a fact-based post. Nobody knows what to say in response to the CEO who is all but under oath in this day and age of SEC scrutiny.
Allison needs to trumpet the quarter when EBITDAX covers all costs including the debt service. Then you'll see some lift in the stock.
What were the analysts smoking? Did they all move to Denver?
But you haven't heard the happy talk yet. The football coach loves the project and recommended it highly in a team building exercise.
Day traders sure misread the early strength here along with oil weakening is going to make for a close in the red. I shorted some May $2.50 Puts just now to own stock at $2.25. This is a survivor with good equipment and capable management.
The short covering rally today has been more vigorous and longer lasting than I would have expected from this announcement from Force Protection Video. There is not a whiff of an economic component to it.
" 2016 focus on preserving liquidity and strengthening balance sheet
* Suspending preferred dividend saves $5.1MM/year
* Implementing corporate goal of 25% reduction in cash costs from 2015
* Evaluating additional asset sales and JV arrangements
* Considering options for further deleveraging and maturity extension on
remaining 2017 Notes"
How can they achieve a 25% saving in cash costs so late in this cycle and why have they waited so long to get to that bottom line point? They have nothing left to drill in the CV in 2016, not much going on in OK and only a cheap recompletion to do at TB. The 25% sounds good as a bullet point but it's unlikely to be material in 2016 that I can see. Does anyone see this differently?
Craig Hallum (Richard Shannon) lowered his price target to $52 from $53 but said Buy.
Topeka Capital Markets (Sujeeva De Sila) lowered his target to $54 from $75 but said Buy also
The +3 cents to $1.67 thing was said in jest, right? Storage currently holds about 50% more gas than is normal for this time of year. Unless this summer is hotter than a pepper sprout, storage is going to fill early and collapse prices.
Did those buyers of 28,384,000 shares really know what they were doing? I mean, just exercising your over allotment option could mean nothing more than having too much cash and no better idea for it.