umtedu23... Your Back?...your back swearing at yourself, probably dribbling on yourself, and probably in need of a new box of Depends because your one (1) big investment "OAS" keeps going south and the rent is due. You poor _ _stard. You might want to head back to your ex-employer McDonald's and plead on bent knee for that grease flippin job that you walked away from....Poor _ _ stard. LOLOLOLOL
Abbey Joseph Kone isn't always correct. She takes the opinion of many and after looking at the data herself surmises another hypothetical scenario that is plausible if it works, Time will tell. Oil is headed lower because we have never ever seen this current scenario before and the supply issue of too much oil has never happened before. That's a good thing, and how do we deal with it ? Easy, we drop the price to nothing and figure it out slowly....work the excess off and then start drilling again. The next time maybe we'll have a new President, fresh outlook for the future and a government that will do something other than look out for themselves.
francis, Rex Tillerson interview didn't reveal anything other than Rex and another hypothetical prognostication from someone who could care less about the price of anything. The dude makes a ridiculous $150,000.00 / day for showing up no matter what oil prices do. Too much oil on the market and in storage and in tankers off shore and in the ground simply means oil price itself is headed lower. I'm not going to pinpoint a price because no one can but all indication show the toboggan ride south is in play. As far as OAS goes, it's done like dinner. The Hedgies can keep buying shares till the cows come home and dilute the share price down to $1.50 if they want but I doubt they will. Eventually reality sinks in and they pull the plug and run. The executives are next to quit since they have only a few shares (each) to sell. Bottom Line... CAVEAT: Buyer Beware.. Oasis Petroleum is tOAStadoes.
I don't think anyone needs to place that bet pip.... I agree with you that it's inevitable because reality will maintain it's current position of sub $40 oil going forward and in six months if OAS is still alive and twitching, I'll fly in your direction and split the gas bill for a fishin trip. I gotta find a way to spend all these winnings and fishin and giggles is up my alley. :~)
Bottom Line..OPEC makes zero impact on the North American market, between Canada and the U.S. we are for all the right reasons self-sufficient and will remain so for a long long time.
So, now everyone knows this sudden (6) months slide in the Oil industry wasn't Shock and Auh... it was an obvious inevitable, with all the wells being drilled and production levels rising like a rocket, eventually one would figure the markets get flooded and then what....! Of course the price / BOE drops, and OPEC (which only contributes ~18% to the global scene ) really does not affect us whatsoever. If they want to keep their production levels up and the price down, Let em'....we shouldn't care. They make money if the price / barrel is $10 / BOE.
OAS can't sustain these debt levels. There is no debate'g this issue. It's pretty cut and dry. Their executives may be smart P.Eng's and Geologists but how do they get rid of the overhang of all that debt, AND how do they perform going forward if supply keeps increasing daily? They don't, and there is no smart person or formula out there that can help them or any other company in a similar situation. If OAS keeps this up much longer, they will soon look like the government, They sure know how to collect money, but have no clue what to do with it except lose it quickly by nefarious means.
Panic is starting to set in....Since NO ONE is drilling for production anywhere, because storage costs are free leaving it in the ground, and current wells have enough production guesstimates to last for at least another year and a bit at these current daily prod. levels, that $100/BOE prediction the optimists are echoing is as hypothetical as Casper the Ghost delivering Mo Money to OAS in the immediate future for more bank debt. Soon enough, John Sculley and John Paulson will come to the realization that they have a white elephant anchoring them closer to the ocean bottom and they will have to cut rope so as not to drown.
What a BRILLIANT OFFERING, What a BRILLIANT way to dilute shares for those who bought in 3 years ago. No one expected the supply side of oil to overflow like it did, and will continue for some time to come. No one expected their life savings to get wasted away in a span of six (6) months.
And lastly, NO ONE can predict the future of oil, it's price point in 6 months or 12 months or after (2) years.
Anyone who is considering in buying OAS at these levels from all obvious observations may want to keep that powder dry a little longer.
Expect sub $10 share price any day now that the 42 million shares have been or are close to being purchased. This was a life-preserver moment for Oasis executive, and an anchor for the long term retail investor. GL all
SPO Group aka John Sculley bought 1.0 million shares @$13.24/share to inject some hope and prayer into the executives dirty (soiled) pants Re: Insider Transactions (YAHOO). Should the share price fall below $13.24 and it will very soon, maybe today (more likely a collapse will occur); expect the manufacturer of "DEPENDS" to deliver boxes and boxes of same diaper to Oasis executive and those same big Hedge Fund players like John Sculley and John Paulson are going to instruct their "trading desks/soldiers" to start dumping like it was 1999. depleting reserves on steep declines, cashola on steep decline, drilling prospects on steep decline, shale producers on steep decline, and lastly my trusty toboggan on steep decline...just needs a fresh base coat of wax for the last big hurrah. Can hardly wait LOLOLOLOLOLOLO
valueguy....weren't you the dog who stated whenever, that your great expectations was to become a BaGillionaire off the "shorts" who are currently tOASting your trading account. Now run along with the likes of gershaltz and all those other high schoolers living in their parents basements and please quit posting gibberish that has zero VALUE and makes zero SENSE to the people who really do love trading this POS company into the dust where it rose from. LOLOLOLOLOLOL Oh yeah, thanks for your pennies, because all those pennies do add up and eventually I expect a BBQ burger will be tOASted.....LOLOLOLOL
Oh Look Everyone.... It's the Villager who ran from his Village screaming Oasis was headed for $60 a share when oil was falling like a knife.
Now the same Villager is claiming Exxon should be buying a company that over leveraged itself, and has some real weiners for Insider support and their land base is dwindling quickly because they need to prove the geology to keep the leases.
Hey gershutz? U found another Village or are U officially homeless now that your mom and dad kicked U out of the basement? LOLOLOLOLOLOLOL
Technical support has been broken and the race to the bottom is on. Where the bottom rests is yet to be determined after the sell-off ends but a few considerations must be made for that bottom price to be established.
Hey chad, the one (1) set of numbers I could not find in the earnings statement was if they paid all the service companies and are up to date on their billings. If they have everyone on 90 days receivables, next qtr. could be when the Banks shut not only their door but a few others. You have to pay your bills before you can call yourself anything and if OAS is leaving service sector companies hangin in the wind..... Not Good
Hey dernsusc, before I take the family to the slopes, Thanks ever so much for contributing to our family trust. Your contributions are greatly appreciated and your questions are nothing shy of "stupid", But then again, when your a freshly minted graduate of some high school living in your parents basement surviving on PBAJ, I can't imagine life is lookin very rosy for ya..... :~)
chad....telling those few who are die-hard long term investors the obvious, after all the sage advise the few of us have attempted to share, is now officially a futile experience in lost causes. 1) Oil is headed lower..How much lower, we are about to find out 2) OAS declaring BK... I'm betting yes, others argue that management is going to raise the company like a Phoenix from the ashes and witness for the first time ever, anything is possible. 3) OPEC is the cause of this low price and not the simple fact, demand has fallen off the map. 4) OAS has reserves that equate Saudi Arabia and therefore, their share price will undoubtedly return to the moon ..Alice! Unlikely and highly improbable. 5) The Obvious...All the Long Term Retail Investors have probably never seen a drilling derrick let alone a well site producing hydrocarbon material, and with that typed I'm headed back to the slopes for a relaxing weekend of snow, sun and fun. Next weekend, this DOG will be hunting in the single digits,,, Aoooowwww!!!!!
hey pip..Jackie DeAngelos on CNBC stated an hour or so ago that from all indications regarding storage and Cushing OK. and rumblings from the floor traders telling her oil is headed to $20 buckaroos. Who would have thunk that..... I have to agree that it's going lower but ~$20. truly is a recipe for disaster for a majority of the firms still pumping. OAS as I've stated before is TOASTADO's or as chad likes to amend.... tOASt. At least now we know someone lit the BIC lighter and we're about to see this flame behind OAS just get larger everyday until poof... All Gone!
Yes, John Sculley did purchase 1.0 Million Shares on Jan.23, You may want to look at all transactions since that date!
With the Insiders (officers) dumping shares (direct sale) the 1st (2) weeks of February, I can't help but think they were on bended knee to SPO (John Sculley to be exact) to help them out yet again.
This company is on track to be in a wreck like we've seen many times before and do not expect as some have predicted that $20, $30, / share are in the STARS!
Too much Supply, Bigger competitors selling their production before OAS, and this same scenario continues for (2) years minimum..........
As Homer Simpson so eloquently states....Dooeeeee!
prosen....this is the season for "STUPID" and right now, your in the lead.......For every STUPID person I meet that can correctly determine how exactly the market reacts in the morning after a dismal earnings report and zero guidance ends up becoming another Casper the Ghost ....now before you leave forever and ever and ever.....take your hand (open face) and slap your face as hard as you can... No Harder LOLOLOLOL