"leaving this board"... Why? who said they were leaving? Noticed the Village of Idiots is somewhat quiet these last few months!, What happened, the executive counsel of the Village ran out of bad investments?, and CASHOLA? LOLOLOLOLOLOL
You'd be selling too if you knew the company was going teets up. The other executives who have "options" or a couple shares are frantically trying to dilute whatever they can while they can. Also, Mr. Paulson who along with John Sculley own alot of this company stock, and are both getting into healthcare in a LARGE way and diluting their energy based stocks because the writing on the wall remains that Oil and Gas will be going lower due to over supply and share prices for alot of the fracking based companies will remain low for some time going forward.
Hey Bill..... Who cares what your predictions are! Your still a Villager who lost his village of Idiots! And eating crow...isn't that the daily diet of the Village or did y'all eradicate the trees from when the crows sit upon LOLOLOLOL
It's quite obvious who's trading they're way out of this stock and it's NOT THE RETAILERS who are still holding onto hope and prayer. I agree with the post that said by the 3rd qtr. tOASt will be done like dinner. As I have reiterated since last year that we're going to see sub $10 share price for tOASt...it's looking more like sub $5/share sooner than later...as soon as these Hedgies who got it wrong and are losing a lion's share of wealth, are totally out of the oil and gas play...and we know who they are, expect in the imminent future, further downside with the share price and lower trading volume. NO BUYERS... is the real Caveat. not buyers beware. And please RETAILERS...don't post anymore that tOASt is a takeover target..... They are TOASTADO's...Get it..Got it..GOOD!
because he's losing his shirt and shorts with "REN" - Resolute Energy currently trading at $1.40 LOL. Part of Ed's future problem is.. as he applies his band-aid style money supply to a soon to be goner...should be the time tOASt starts it's downward spiral and then WHAMO!.. the other bite on the buttski happens. Hmmm, reminds me of the toboggan ride tOASt took from the $50's range... LOL.
Just waiting for John Sculley to perform a dump size load on the road himself regarding tOASt. Granted these dudes are mega wealthy but it has to hurt they're getting shackled into submission and it's going to get a lot worse for them.
Was watching a documentary last night on the problems "fracking" creates around urban areas and the chemicals spewing into our children's school yards. (specifically the Texas Area).. Also, The amount of fresh water required drilling one (1) well and the energy (gasoline and equipment as in trucks) used in the drilling of that one (1) well. The chemicals alone (carcinogenic of course) are so harmful to our beings, YET, we seem to invest for wealth instead of health.
The Dakota's are going to fall into the same outpost. Land that looks like a war zone and people are non-existent because the fresh water that once flowed is now a pond of poison.
GL with those Long term investment regarding Oasis Energy.... Bankruptcy would be an easy escape for them. Reclamation isn't cheap and I expect they will have huge reclamation costs arise before they think they will be allowed to drill any more anything. A moratorium may soon be coming to the Dakota's and too a movie theatre near you......
Bill..bill.bill.... you sound like a duck, quack quack quack quack quack LOL Your So underwater, I can't imagine you'll ever surface again for air. I'll give it a while longer before you announce the Bank is rolling in your front door and asking for the keys LOLOLOLOLOLOL. You better hurry up and get back to your Village...LOLOLOLOLOL
In fact .... he's losing his dirty laundry over tOASt shares. Those share prices when he bought into tOASt were significantly more than current share price and his continual selling of tOASt shares is indicative of a scared dude with respect to his thoughts about the O&G sector. Sell and Stay away.
Hmmm, maybe pipster's earlier (posted thoughts from last month) comments will come to fruition earlier than predicted. BK before a life raft.
Now keep in mind folks and long term investors... OAS is ~$3.0 Billion dollars in DEBT. When their executive come out of the closet and say they can make money at $60.00.... they are stating the obvious. The hidden ghost and goblin is they are not addressing the debt that for some reason never ever ever goes away and never will. IF, and it's still speculative at best. If, John Sculley decides he's had enough of losing money, mark my written word... He will bolt from tOASt faster than Superman looking for an outhouse and you remaining 2 bit share holders will be left holding a great big diaper of doo-dooo.
Beef Prices go Up...Pork prices rising...bread rising (pardon the pun)... tOASt will continue falling... it's not the price of crude that affects tOAST. It's the hypothetical (analyst's) estimates that absolutely no one believes.
Your $18 share price unfortunately will be under water sooner than later.
So,... did he address with Zero Revenue, How are they going to pay-off that $2.7 Billion debt?
Of course not... He's happy driving his vehicle as long as it stays on the road and operating the company like it's his personal ATM machine BUT creating any sort of a revenue stream for the so-called shareholders so they can invest more for a dividend (that will never happen) is all a pipe dream.
OAS or tOASt is TOAST....we're about to witness the dismal demise of the share price any day now because the Traders in Chicago and New York aren't making any money because the Chinese have halved their demand and OPEC seem to be producing Mo..Mo..More than before and demand remains low. Supply remains high and you' all can figure out the rest.
Their reports are going to be dismal and with their expectations of ~$.26 (positive number) which is (oh by the way..Insane) totally upside down, should be good banter from the longs (if any are around) and good times for the shorts to buy back those depressed share prices... LOLOLOL
I recently read an article regarding the number of sub surface tremors in both OK and Texas and it's quite obvious it's all derived from intense fracking operations in both states. Communities are now converging on the companies whose operations are causing these earth quakes and State Legislators and Administrators are in panic mode because they too are feeling their homes shake, rattle, and roll like never before. Can't wait for the people who reside in the Bakken Play start experiencing sub surface tremors as they watch their fine china falling from china cabinets and the turkey falling off the dinner table. Not much to give thanks for at that point. It'll be too late to contest the obvious.....Fracking is doomed and so are the companies extracting the hydrocarbon like it's 1999.
Expect dismal results from tOASt after hours today and more importantly, don't expect any sort of rebound in share price to the $20 range. All the so called longs who bought in the $50's, $40's, $30's and $20's will be forced to walk away with HUGE losses and a hard lesson learned in greed and vanity. Paulson and Sculley will ride tOASt into the ditch "just because" they have more $$ than brains and besides...those Hedge Funds are probably playing with all the high risk taking "longs" on this board....... :~)
The ONLY reason tOASt isn't already.... is because of the Hedge Funds and all their clients money supporting this fledgling company.
I'm not saying they will sell their shares anytime soon because they're already losing their shirt(s), but with current global economic conditions, I find it hard to believe we're going to see $70 / BOE anytime soon.
All the big oil companies are still handing out dividend cheque's to the shareholders and what's tOASt handing out to their investors other than a lump of dirt.
The big money was already made on tOASt and for those who are still holding on to hope, and prayer that tOASt will rebound to $20..$30..$40 / share.. the moon, ..... aren't investors.
Sorry, dudes and dudettes, you lost this fight. Might be a good time to move along and let the shorts who have hedged their bets on further downside to clean up.
for tOASt, the lower the share price drops. And then, the stock falls further due to yearly cyclical statement.... "Sell in May and Go Away" until maybe September. As Bob Dudley.. current CEO of BP stated this week. Expect current pricing schedule for oil to maintain these current levels (if not 5.0% lower) for possibly the next 2 years. Lastly, he stated, If Iran completes contractual deals to start selling oil and China decreases consumption due to their debt(s), expect further immediate downturn in WTI and BRENT prices.
Anyone who purchased shares of many oil sector companies 8 - 10 - 12 months ago and are holding on patiently for a turn around, ( I don't blame You for being patient), but keep in mind it may take some time for anyone to recoup their monies that are definitely underwater. Good weekend all and look forward to everyone's comments on May 6th :~)
From production drilling, to wells never completed, to an absolute desolate situation within the Bakken.....
I don't need to post because it's all over the internet.
The volume being traded these last few days is indicative of many big Institutional boys and girls evaporating from the arena's of pain and zero gain especially since recent engineering reports eg. IHS have indicated we are expected to remain in this state of flux for many years.
Should geo-political issues arise, along with eco-political issues persist, will only add more pressure to an already uncertain situation. Expect oil to fall precipitously lower.
GL and Happy Trading all :~)
Re-posting since earnings will be Sooooo Stellar LOLOLOLOLOL NOT.
Lets's see how far tOASt drops prior to earnings report.
And those Institutional players.......second wave (tsunami) will be leaving toot sweet LOLOLOLOL