Harvest Natural Resources currently carries a Zacks Rank #3 (Hold), implying that it is expected to perform in line with the broader U.S. equity market over the next one to three months.
Meanwhile, one can look at better-ranked players in the exploration and production sectors like
Abraxas Petroleum Corp. (AXAS), Clayton Williams Energy Inc. (CWEI) and VOC Energy Trust (VOC). All these stocks sport a Zacks Rank #1 (Strong Buy).
2000 shares at this price isn't even worth mentioning....in fact, I consider it a joke....40 to 50,000 shares would be worth mentioning....my guess is that idiot CEO donated the lousy 6k to buy the shares thinking us dumb #$%$ investors would think it meant something....it's total garbage
please....someone wake me up from this nightmare....this seriously can't be happening again....let's go back to where the problem lies.....we need a new CEO.....this sell off is a sign of extremely bad management
Perhaps we can agree to disagree in regards to the price movement of Abraxas. Go back and look at the daily movement of this stock over any given time period. This stock is like the horse the runs first out of the gate only to end up in the end of the pack when the race is over and it doesn't seem to matter what the price of oil or natural gas is. News sends it up for an early lead only to lose it all by the end of the day. That's this stocks long standing history. I may be in the wrong sector but how this stock trades on a daily basis is why day traders love it so much. It's completely predictable.
but the perception of todays new is positive....pre-market is up almost 5%....the bad news is by
history, early jumps never seem to hold.....expect the worst, hope for the best....that's how I've come
to view this stock
perhaps....a little pre-market movement this AM is encouraging....one of these days we are bound to forge ahead and not retreat....the march to 4 has been a real up hill battle
Either the market makers are driving down the price to buy cheap shares or something is fundamentally wrong with Abraxas. I'm doing my best to be an optimist but unfortunately this company has a very long history of disappointment. I'm left dumb founded as to why we have slid consecutively, from 3.96 to 3.36. I thought I was finally able to tell my wife that I have been right along about this company. Now I am beginning to doubt myself.
All I know is that it's a disappointing ending to what started out as a very exciting week. I hope this is nothing more than simple profit taking and we start clawing our way back North next week.
who are regular readers of Seeking Alpha, I''m sure you are more than familiar with Michael Filloon. He has written about Abraxas for as long as I can remember. I read his most recent report this AM and immediately noted a change in his status. In the past, he has always ended buy saying he is not long Abraxas but may consider buying in the future. (or something close to those words) At the top of his report this AM he stated he is long Abraxas. That carries a lot of weight with me.
Wow....it's been a long time since this company saw any pre-market activity.....please don't
take the wind out our sails.....we've been drifting around a long time and it seems we may have finally caught some prevailing winds