Amazing that anyone would want to sell this stock. The Wolfcamp shale (where this already very profitable company is developing properties for drilling) is the biggest oil field in the US and second biggest in the world. Bigger than the Ford Eagle, bigger than the Bakken.
Before the merger it was a blank check company so Google is partly correct. I don't know where you're getting the $8 and $9 targets from but with that being said I do see this stock trading into the $4's before the end of the year. Patience my friend.
Jiujiang Yangtze River Highway Bridge by the South led approach project is composed of three parts, engineering, river bridge project, the north shore of the cross, a total length of 25.145 km, of which: the south shore 11.549 km long, cross river bridge length of 5.53 kilometers, the two part by the Jiangxi province is responsible for construction; connection of North 8.301 kilometers long, is responsible for the construction of Hubei province.
Jiujiang Yangtze River Highway Bridge 1405 meters long, as the Twin Towers of hybrid girder cable-stayed bridge, the main span of 818 meters.
All of Jiujiang Changjiang River Highway Bridge, two-way six lane Expressway standards, the design speed of 100 km, the highway vehicle design load.
Jiujiang new Yangtze River bridge and connecting line projects with a total investment of about 4478000000 yuan, the construction of Jiangxi section of a total investment of about 3760000000 yuan, planned construction period of four years. A total length of 25.43 km, cross river bridge (bridge, with side hole and bridge) is located in Jiujiang Tianxinzhou bridge 10.8 kilometers upstream, with a total length of 5.58 kilometers, 1405 meters long main bridge, the main span of 818 meters; the south shore 11.549 km long long 8.301 kilometers north shore connection. The route from Jiangxi Jiujiang seven Hunan, with Jiang Xichang highway nine, the nine Jiangxi across the Yangtze River, ending in Hubei small north, Hubei yellow small highway, passing through Huangmei County of Jiujiang Province, Hubei Province, Jiangxi. Cross River Bridge and the south shore by the investment and construction in Jiangxi Province, by the high grade Highway Administration Bureau of Jiangxi Province, is responsible for the building; north shore connection by the investment and construction in Hubei province.
This project uses the two-way six lane Expressway standards, the design speed of 100 km / hour, roadbed width of 33.5 meters, the bridge 38.9 meters wide, side hole, bridge deck width of 33.5 meters, the main navigable navigation clearance of not less than 600 meters, height of not less than 24 meters, the design load the car highway, bridge structural design reference period is 100 years, bridge design flood frequency for 300 years, big, in, bridges and roadbed design flood frequency for 100 years.
In October 15, 2009, the north tower construction platform is one of the main tower of Jiujiang Changjiang River Highway Bridge is the first steel pipe pile.
Project of Jiujiang Yangtze River Highway Bridge is "obvious characteristics of three high and one high":
One is a high technology content. Part of the bridge is a bridge across the river in Twin Towers hybrid girder cable-stayed bridge, the main span of 818 meters, the world has been built and the construction of similar bridges in sixth.
Two is the environmental pressure. Bridge near Jiujiang city and Mount Lu scenic area, across many waters, noise reduction, ecological protection requirements for higher environmental protection. Especially the bridge south is located in Jiujiang Yongan dam upstream slope of dam safety two, attention, environmental protection, water conservation and pressure.
Three is a coordination complex. This is a project of Jiangxi Province, Hubei two building in our province, and is responsible for the construction of road 4 kilometers in the territory of Hubei, involves many departments, traffic, water conservancy, channel two, maritime, land, environmental protection, involving a wide range of many departments, coordination, communication is difficult.
The dike foundation construction of the South Pylon Foundation of large -- from center line of Jiujiang Yongan dike outer shoulder only 32 meters, in similar bridge from the Yangtze River levee closest to threaten the safety, stability, foundation construction of large.
Deep foundation construction --The main bridge pylon foundation in deep water area, normal water level 20 meters deep, flow velocity, flow disorder, acute soft soil; and local karst, fracture zone and other adverse geology, geological condition is complex, is the key to the project progress control.
The high tower construction --The main tower of up to 200 meters, wind and temperature on the concrete tower pylon wind effect, and the static stability of contradiction, tower construction precision, construction quality, the durability of the structure are facing severe challenges.
The girder erection --The block number, weight, long cantilever erection, cycle is long, wind resistance safety outstanding, its construction high technical requirements, construction is difficult to control.
Ultra wide concrete box girder construction --The main bridge concrete beam Kuanda 38.9m, according to the conventional approach will inevitably produce temperature crack, directly affect the structure durability and safety operation of the main girder.
The steel bridge deck pavement --The traffic volume of the project area, heavy vehicles, how to avoid the potholes, over time, guarantee the quality and durability of the steel bridge deck pavement, is another key technology problem.
Jiujiang new Yangtze River bridge is one of the 70 bridge over the Yangtze River Highway channel in 2004 July the national development and Reform Commission preliminary plan, is an important part of "7918" national highway network planning in Fuzhou to Yinchuan line, the first seat has the world leading level of the bridge across the Yangtze River in Jiangxi Province is the financing of highway construction.
After the completion of the project, to alleviate traffic pressure, all has the extremely vital significance to improve the highway network, the two province to strengthen economic and social contact, to speed up the Yangtze River Economic Belt along the Yangtze River development and construction.
They wanted to tank OSN yesterday but the contract news got in the way. It'll be over $3 by years end.
Sentiment: Strong Buy
It already made its move. 4-baggers that go up for no reason don't hold up.