Yeah, it had to be one of the most ridiculous halts I have ever seen. The news was so boring and already known...besides the measly $16 million dollar fine to ABX. Once SLW reopened, it dropped a whopping 2% on the news...joke!
SLW will move back up next week.
I don't think a $15.8 million fine will bankrupt ABX
Knucklehead, ABX has $2.3 billion in cash
The only positive is that SLW will get their money back that they invested.
What I'm learning is that when people are screaming,"Run for the hills!" It is best to go the opposite way, i.e. Best Buy, Blackberry (when they bottomed), etc.
the street is a joke as most analysts are. I saw today an analyst had a buy on Tesla with a $94 price target and the stock was $92 at that moment...I don't believe anything any of those jokers say. When they all come out raising price targets and screaming buy, I usually head the other way.
It looks like selling is done and buyers are pouring in. I have a feeling oil will be up tomorrow along with the market. This stock is seriously undervalued. Average analyst estimate is around $103
The amended divy policy will help with the earnings because it means more money in people's pockets every quarter. It was a big miss but I think it was already expected and priced in. With low metal prices, they are still turning a nice profit and anticipate to do so going forward. I've always though they should merge with a big metal mining company creating a diversified metal miner/streaming company. Now would be the time to do this with the market so beaten down.
I don't think it will be a blood bath on Monday unless of course metal prices get slaughtered again. If they are up, which I think they will be, SLW will easily close above $25.
They missed estimates by a bit but the amendment to the divy policy hopefully offsets that. No telling how investors will react Monday but we definitely want metals to be up on Monday or it could be painful.
It's pretty much spot on with what I thought. Early sell off followed by a run back up. Oil is down quite a bit today, so that isn't helping with the price of CLR. I still think we close between 84.50-86 today. The call as great and the stock is still under priced.
Sentiment: Strong Buy
They crushed the eps but missed slightly on revs. You would figure this would be up but of course, since I'm in it, it is down. I can't figure out why.
No clue, but the conference call tomorrow will probably let you know why.
Bakken not Balkin
If oil is down tomorrow, that could make things more difficult.
They beat eps by .04 but missed on revs by about $50 million or more. That may be the reason why it is down AH, but on small volume. I think you may see a pullback tomorrow morning but it will probably bounce back in the day like KOG did after earnings. I mean, CLR doubled profits this quarter and the SCOOP region doubled its production from last quarter. That is very big news!
Sentiment: Strong Buy
with a $98 price target. earnings are out tomorrow after the close.
Sentiment: Strong Buy
I agree that there should be a nice run on earnings but they are tomorrow after the close. Nice initiation today ISI at a "Strong Buy" with a $98 price target.
Sentiment: Strong Buy
They did discuss that they have been buying back shares. Even though they beat this quarter, they guided next quarter lower than analyst's estimates.
Sentiment: Buy
They should start buying back shares if they haven't already started. They turned another profit this quarter and beat estimates. I'm hoping the give guidance on the call in about 30 mins.
Sentiment: Buy
They beat eps by .02 and revs by almost $2 million.
Sentiment: Buy