they are growing leaps and bounds in TLED market replacement
selling more to lose more, great model! lol
bank credit is dried up and so has bond market for fracking and with 2.8 billion in debt........well look out below!
PXD back below 110.00
short run oil getting ready to drop below 38.00 with weak demand from china and suppliers in middle east continuing to keep spigots open full as they need hard currency. PXD's cash is running low and in need of a secondary soon.
Time for one to pounce!
What highly likely happened was the brokerage firm that underwrote the secondary knew it was in the works and shorted the stock all the way down knowing they were going to issue the secondary at 1.22. Same #$%$ happened with SGYP and the SEC finally went after them for insider trading and threw the culprits in prison. SEC needs to investigate that here as well!
getting their ducks in order before some good news
and new contracts being signed up, this should easily have a PE ratio based on next years earnings of 1.00+ of
sub 30 coming
and weak demand as emerging markets, china's economies roll over and head down.