He says it has real issues n if price stays at this level he questions it's survival. What kinds of issues? Report g or land worth or management or all mentioned.
a year ago, TLM was 10, so buy out is 8. Now SD a year ago was around 6.5, offer would be 4.5, maybe 5?? At this point anything at 7 or above I'm fine with. I'm willing to take my break even and walk away with no questions asked. Been in this dog since 2011 and kept averaging down. I thought 6.5 was the turn around. Never in my nightmare would i think it would hit 1.5...I will never invest in a small company again. Yes I know i should have never bet all my eggs in one basket. Lessons learned.
Ive been questioning the same thing. I think this may be one of the reasons the market has no faith in management. I think there is something more that we don't know that is causing this long delay. This company is riddled with law suits and inconsistancies that it doesn't get the rallies it deserves. Any rallies it gets, it slowly fades. Now making it over 2$ will be a big deal. I'm worried that if there's a buyout the most we will get is 3 or 4$. That is like close to half of what my break even would be but i guess it's still better than 1.84.
This suckss big time.
For all our sakes let's just pray sd will go bak to 7s n we all can get out. That is my breakeven. U never know miracle can still happen. There's nothing we can do now if we decide to stay. Just walk away n come bak Jan if u r not selling. It's not worth it to let yr health deteriorate for something u cannot control. Oil will come bak. Let's pray sd will survive the storm. Life will go on with o without us. We are still better off than many.
Trust me last yr I was making money . This year I lost all my gain in addition to half of my savings . That money was my retirement money also. I bought in bcause of cooperman n bennet. Everyday loss is like 5k going down the toilet. This dog sd is nothing but sheer disaster for me too. Bennet should b fired.
everyone wants to pick the bottom...and they say the bottom is not near yet. At this rate oil will hit 50 this week. And of course SD will hit 1.50 sadly. I think when that happens, u can start nibbling. why nibble on this loser when you have so many other good companies to chose from?? management can't be trusted. They make one mistake after another; mean while filling their pockets with our hard earned money.
SD will then touch 1.50...all that chatter about take over of TLM doesn't seem to help either. Just blows my mind how can we go from 7 to below 2 in just a few months. Where the helll is earning's report?? getting so ridiculous.
If there an offer will b about 4$ max. That is close to half of what I got it at. So pathetic
i'm fine if they can offer 7 or more :)...let's just pray 1.60 is the lowest it will ever go to.
And where the hellll is our earning?? this is ridiculous.
we just have to brace ourselves for 1.50 price if oil goes down some more. I question management's integrity and abililty. Some articles are saying it has a chance to double but if it hits 1, and doubles, don't do us long any good. Our only chance is if NAT GAS hit north and we start exporting to Europe but that will be a long while. NOt sure if SD will still survive to see see it.
i pray you are right Clear....just hope next year we see better days. i just can't believe from 7 to 1.75, just so manipulated.
you are not alone my friend. I'm break even at 7. And i know there's no way i can recover. my whole investment pretty much rest on this loser. I bought in because of coop constantly pumping. I should have known.
HK had some good news the other day. SAdly we have none. Too many unknowns with this company. Management is way to optimistic to a point that they are not realistic. I don't know, i'm praying a buyout at 7 if possible. I would break even and go away and never look back.
do you think it has something to do with earnings that will come out soon? Maybe the SEC wants SD to change the way they state their loss...with this type of action, i think we will hit 1.50 mark in no time. Imagine if news come out that is not favorable from the SEC, we will all be toast.