The above 67 of 361 paragraph is from google finance, I wonder how old that is?
From company website 3/15/2014:
FieldPoint acquires, operates, and develops oil and gas properties, and has varying ownership interests in 360 gross productive wells (100 net) located in five states. The Company operates 80 of the 360 wells, while the other wells are operated by independent contractors under standard industry contracts. Going forward, the Company plans to operate more of the oil and gas properties in which it obtains an economic interest.
Went from 67 to 80 operated wells . Expect huge growth in revenue in 2014.
Sentiment: Strong Buy
Assuming 10 BOE per day per well because of workover...do the math.
FieldPoint Petroleum Corporation is engaged in the acquisition, operation and development of oil and natural gas properties, which are located in Louisiana, New Mexico, Oklahoma, South-Central Texas and Wyoming. As of December 31, 2011, the Company had ownership interest in 361 gross productive wells (101.52 net) located in five states. It operates 67 of the 361 wells; the other wells are operated by independent operators under contracts.
Might work for the high end of the market and children. Could that be a half a billion dollars in a couple of years.
End of 3 day VWAP is either today or Monday. Last 3 trading days were in tight range and much lower than 2/28. Once rally starts its too late for Deerfield to contain it.
Sentiment: Strong Buy
Look for 3 days of extreme selling to lower price as close to 5 as market will bear. Other hedge and mutual funds will buy and create a floor leading to lowest possible VWAP. I believe we are close to MAX VWAP DF will get, this week will tell.
Noted in POSASR 2/28/2014
On February 28, 2014, we amended the Facility Agreement to increase by $60.0 million the aggregate principal amount of Notes held by the selling stockholders that may be converted into shares of our common stock. The selling stockholders may convert a portion of the Notes into shares of our common stock at a conversion price equal to the average of the volume weighted average prices per share during the three trading days immediately preceding the date of conversion, provided that the Notes will not be convertible at a conversion price below $5.00 per share unless we otherwise consent. Unless we otherwise consent to a reduction in the $5.00 per share minimum conversion price, the number of shares that may be issued upon conversion of the Notes following the date of this prospectus is limited to an aggregate of 12,000,000 shares or such lesser number of shares as may be determined pursuant to the conversion limitations contained in the Notes. In addition, the Notes may not be converted to the extent conversion would result in the holder’s beneficial ownership exceeding 9.985% of our outstanding common stock following such conversion. Pursuant to the amendment to the Facility Agreement, we agreed to file this registration statement to register for resale the shares issuable upon conversion of the Notes.
From a peak of 225,441 on 12/31/2013. I expect it makes sense for shorts to cover under 9 and we should have lower SI in 2 weeks. Some die hard shorts will want to see next earnings before covering, the risk is it might be better than expected.
On Feb 7 he made a case against the worthless stock of LJPC. From Feb 28 to March 10 it has rallied 43 %, tomorrow it will be up 70+ % from todays close.
AF has been twit-tering about how the P2 data is no big deal. AF has never claimed to handle multi-tasking without having a cow.
The public gets that info on March 28. Company must get it sooner and how would that have played into Deerfields deal. Deal was initially reported on 2/28 in an SEC filing.
I read it and it had no mention of MNKD. It was posted at a time when PPS was high of the day after which MNKD headed down on a Friday weekly option expiration. I don't think it was posted on MNKD page by mistake. No wonder AF was a no show someone else got a kick in.
The article was titled it's already a bubble. Are hedge funds who are short MNKD creating false stories to control price or is it Deerfield?
If I got it wrong and it did mention MNKD please post paragraph
Al has never been in a rodeo like this, it's part 3 the final scene. No one has a clue about the final act.
Al should be the most worried about price action it is result of 3 posible things:
1) Inefficent market big money hasn't figured out (or lied to) MNKD is under valued and put money to work.
2) Corrupt FDA has been bought and paid for.
3) Might be outright rejection or weak label at best.
Time for Al to get aggresive about calling his Wall street friends to figure out what is going on.
DNDN ran up really well before the PDUFA. It doubled and formed a base for a few weeks trapping the shorts. Go pull up the chart aound that time.
I asked the same question a month ago when pfg_01 started to shoot me down. I am long but I get nervous when something keeps going down like this. I am sure other longs feel the same way and need reassurance.
I am wondering if Al is hiding something from retail investors? Al is a sneaky old bastered.
My sentiment is I have come a long way to dump 3 weeks before Adcomm.
Considering we are on the verge of PDUFA this should be surging. I know a lot of people believe in Al but this thing is smelling funny. I and many have come a long way in terms of money and time to leave now but if I was a newbie I would buy some out of the money calls and be prepared for all outcomes.