If it becomes the largest in the world, you only need 5K shares (and probably less) to be dancing in the streets
No one else made you buy and no one else timed it for you when you have bought and sold. You have no one to blame but yourself. Try taking a little responsibility for your own actions. Some of us who bought when the going was much tougher (sub $2) have actually made money on this stock. Evidently you missed out, but that's your own fault. I call a double within a year pretty good results. If you didn't miss out, then why are you crying? Buck up and deal with it.
naga's brought a lot of great o&g companies to my attention (and others') over the past five years. BEXP and Coastal were particular stand-outs. You might do well to check it out.
Right, it's an oversimplification of course, but the main point is that the valuation of the Shell/Quicksilver land came from the production of vertical wells rather than horizontals. So for Southwestern as for Entek/East, I think it's reasonable to expect that a few successful horizontal wells could drive a substantially higher valuation.
At $577/acre, the deal values Entek's current 50K net GRB acres at almost $29M USD (about 29% higher than the company's present USD market cap under the ETKEF ticker, a valuation that of course also includes GOM assets left out of the GRB valuation). Since that $577/acre price reflects vertical-well development only, not to mention, as jbcguy implies, Quicksilver's desire to sell land now to help fix its balance sheet, it's easy to see that a successful 2H 2014 horizontal drilling campaign (3 free-carried wells) with East would do wonders for the valuation of the company's GRB acreage and the share price.
Only news I see is of the perfunctory meeting to approve the shares issued for the recent Aussie raising after the US IPO was put on the fritz.
Thanks, and congrats as well. Feel very fortunate--as you know, I didn't think it would actually go that low again. For the moment, seems to have been just a blip. After all, the oil is still there today just as much as (or more than) yesterday.
Might end up meaning the same thing, but the official language from NASDAQ is postponed, not terminated.
I don't care much either way (except for the annoyance) so long as the company keeps growing quickly and pulling oil out of the ground at a good rate. So far so good on that score. Probably a good buying opportunity this next week...I'm ready for it.
Yep, NASDAQ site has listed 2/20 as the date for awhile now. SDCJF shares will not be materially impacted. They will either become SNDE shares (the usual and most likely scenario) or they will continue to trade as SDCJF shares and just track the fluctuations in SNDE share price.
good luck deciding, but I doubt it matters unless you think sp will dip significantly right after the IPO...either way you own equivalent shares in the company that will most likely trade under the same SNDE ticker symbol, or have equivalent value even if not
I've seen $40,000 to $50,000 per acre given as about average in the Eagle Ford right now. Recent AUT deal valued that Eagle Ford acreage at $104,000 per acre, but that is supposedly in the sweet spot for the play.
Go to the NASDAQ site, hover over the 'market activity' drop-down box and click 'IPO Summary.' It's under 'Upcoming IPOs' with that date attached to it.