My target is to buy a few shares if she goes below $10. I think the RC business has a value of $20 to $30/share. . The rest of the company not so much due to management problems which scared away business.
To some extent I agree with you. I view REN as a 2 year investment. This said, I think the pending PRB sale will cause a short term rally about to $1.50 Just a WAG.
Still would like to see them do something creative with the debt (Like buy in bonds at a discount to lower leverage ratios)
Don't see $200 oil Zanzibar in the next few years, but do think we'll see $75 early soon (early next year?). Agree that the lack of investment in places like Russia and Venezuela will impact prices. At $75 oil, REN is worth $3 to $4/share.
Hope EIA reports a bigger draw in the morning. I think we've likely crossed the bridge and we're going to see big drops in US crude production soon as flush shale production rates fall off the chart.
I think we'll get audited financials early next year. Thus in part why I sold my shares a few months ago. I got tired of waiting. I still like the company, but think the time to buy will be in the fall. This said, would not bother me at all if the shares zoomed to the moon tomorrow and people that held and did not sell make lots of money.
Should get a good idea on what people are paying soon with PRB reserves for sale. I believe the PDPs for PRB is ~ 6 million BBLs. Thus my guess is they get about $50 to $75 million.
With the debt/bonds trading at a huge discount, would like to see a big block of debt bought in (assume for combination of cash + new debt). would like to see the debt ration reduced.
Seems over done, but increases the odds of a reverse split. Company's liquidity position seems to be fine. Think we'll get a spike when they sell the PRB properties. Would like to see some bonds re-purchased.
Good post Cold Play - I agree with you. This said, the headlines are bad for the stock (which is suffering big time from management blunders).
I think the company still has a lot of upside. This said, management issues cost shareholders a full year of nothing. Too bad they didn't fire the whole bunch clowns and started clean a year ago.