While you are at it and you are performing your advanced calculus can you tell us what is the decimal number system base? That is the price for HERO in next few months.
So, you are judging a book by its cover.
A few good things are going for HERO that $.75 may be a conservative number.
After all, 27 analysts are saying it then why should anyone trust you over 27 analysts.
Meanwhile, you need to work on your math to get a simple division correctly. 6.07/.75 = 8
Yes, there are a few
In the following excerpt from the Oil & Gas: Drilling Equipment and Services Report, a senior equity research executive with many years of experience discusses the outlook for the sector for investors:
TWST: When you look at the big picture, what factors and trends do you believe will drive energy exploration and development, and what are the implications for energy services companies?
Mr. Dobell: I think from a very top-down perspective, the world, whether it's the developing world, emerging markets, continue to need more energy. It's particularly true in the emerging markets; as those populations move from agrarian to industrial, industrial to services, you're just going to need more power of all kinds to help drive those economies. At the same time, like in a lot of things, the easy things have been done, the easy basins have been tapped.
Conventional resources in a lot of areas have already been found and developed to a certain extent, so going forward, the majority - and you've seen this the past couple of years - the majority of exploration efforts and discoveries have been made in either unconventional basins, like you see in North America or Argentina, or in deepwater offshore basins, like you've seen in West and East Africa, or off the coast of Brazil, areas where five or 10 years ago I don't think anybody thought we'd be looking for oil and gas, and certainly nobody thought we'd be able to tap into those basins.
So it's getting tougher and tougher to find the stuff, it's getting tougher to get that stuff out of the ground. At the same time you've got - it's kind of slow demand growth for hydrocarbons in general, mostly because of substitutes, alternative energy, whether it's solar, wind, coal, hydro power, etc., have a difficult time making too much of a difference, because it's difficult to generate an awful lot of power capacity from those alternative sources.
The implications, I think, for the equipment and service companies from these big-picture trends of having to go deeper, farther, using more technology to find and extract oil and gas, I think vary a lot depending on which part of the world we're talking about. If it's on land versus deep water, and then certainly depending on what geography we're talking about, if it's Middle East versus Brazil.
But in general, we think on a very long-term basis, companies that are involved in helping E&Ps in the offshore theater, so deepwater and offshore, are going to be in a good position, whether it's the guys that make the rigs, the guys that contract out the rigs, or the companies that help put equipment on the seabed floor, once those wells start producing, or the service companies that help the development process and the production process...
That bozo thinks he can fool and scare people here.
He is a confused sick old man who is scared to buy or short any share. Even if hero goes to low $5 he will say low $4. So, hero has become a social media for him and gets a kick out of responses he gets.
I have put him on ignore.
Bashing is his job.
People like to cry over spilled milk, but mikey cries every time HERO goes up.
It seems that some poster do not know do a simple math to calculate a simple PE.
At price of $6.03, HERO PE is ($6.03 / $.75) = 8.
SDRL at $39.71 has PE of 11. HERO has to trade at $8.25 to have PE of 11.
This is not the end of it. HERO has income growth of 275% compare to SDRL just 28%.
SDRL missed its estimates 2 out of 4 earnings hugely while HERO only missed 1 out of 4.
SDRL debt is huge and may not be manageable if oil drops too much.
Yes, bring your stock in the sector for comparing and you will see that HERO is a real hero.
I like my dog too, much more than mikey since it does not lie or mislead or waste my time.
Who cares about an old rig when insurace pays better money.
By the way, don't stay under the rug for long since people are going to step on you soon.
When HERO was reporting positive, the price was in $30s.
When HERO went negative then the price went to low single digit.
HERO has been reporting positive in past 4 quarters and price has been around $7 or higher.
HERO earnings are going higher and higher, getting closer to those numbers when it was in $30s.
In addition, HERO prices usually will go higher before the earnings.
So, I see all these signs and if I don't make my move, I will kick myself hard for being a chiken.
I see you are getting to your mom's computer again.
If HERO did not come down this low then my radar could miss it.
GOD WILLING, me and all other investors will benefit.
I have not forgotten to text friends to take advantage of this situation.
So, mikey, soon you will see all your posts are wasted. When you sneak to your mom computer next time, you should learn something instead of low life bashing.
These are very encouraging numbers. Average income is $.80 and with PE of 15, this is $12 stock trading at half price. It may take sometimes when clouds are cleared.
What I am puzzeled about is this, I s some junk stocks in the sector that go green. EROC with negative income is trading close to HERO. Then why HERO has pushed this low? Sellers must run of shares soon.
Wrong, there is not such a thing a pure short seller but there are traders who play it both ways. Now, tell me when you expect to see $7? One month, two months, ...
I think after Q4 report, this may fly.