If they don't believe me they should read the latest report and cc transcript. After you do, please tell me what I'm wrong about.
400 million in interest payments in 2015. That's a cost $40/barrel just in interest. They also have ng, but at $2.50 that doesn't even cover loe, overhead, and other. They also need to spend 500m or more on new wells in 2016 just to keep production at current levels. SD simply cannot survive at today's prices.
I will not vote for the lesser of two evils. IMO that is wasting my vote, since that is what the co conspirators (dems and reps) want. Demoncraps and Repukes are in bed together. I will vote libertarian or constitution party. If either get enough votes, they will have to be included in later national debates.
Republicans have a majority in the house and senate. The have the power to stop the dictator in chief. They are either A: afraid to do so, B: too stupid to do so, or C : they are co conspirators and don't want to stop him. Either way, they are all worthless.
I think you are underestimating sd. I recently crunched the numbers and figure the new bv will be about 90 cents. that was based on $50 oil and 2.50 ng and including hedges. We shall know soon enough how good our forecasts were.
The demoncraps will provide free transportation, cigarettes, alcohol and maybe even free crack to get out the vote. Besides that they will probably pick someone like Bush or Romney. Rand paul is theonly one I would consider voting for and he is a long shot at best.
Imo our country needs to become energy independent. Obama and his republican cronies are determined to not let that happen. With the right leadership, we could convert all our cars to ng and ban all oil imports by 2025! That will never happen without tariffs on imports. I hope Hillary will be a better president then what we have now.
I respectfully disagree. Why are they afraid to stand up against the commie king? The republicans control congress and the budget. They could cut funding for everything Obama wants unless he agreed to their demands. Why don't they stop him? Are they secretly in cahoots with him, or are they just plain stupid? I think they are smarter than they let on.
Obama wants to do to the American oil companies the same thing he did for coal. While the North American oil and gas companies go down the tubes, the Republicans in congress give Obama everything he wants. Why have the republicans not passed an energy bill? Why hasn't the republican congress voted for a tariff on imported oil? Why doesn't the republican congress ban middle east oil imports altogether?
IMO the republicans are co conspirators with the president on every move he makes. Sure,they pretend to hate him, but when have they ever stopped him?
It's hard to argue with the facts. Obama has been great for the economy, but he is selling our freedom in the long run. Our grandchildren may have money but they will have to pray to Allah (the moon god) or die. I'd rather be poor.
I can't speak for Cully, but I think we should bomb them into the stone age. And no rebuilding or helping them in any way afterwards.
Not only do they hate us, but they even say in their constitution that their goal is to promote world wide jihad. Read it for yourself. you won't here it on the news, not even fox. Why in the heck would any non muslim want to make peace with these nuts?
"An Ideological Army
In the formation and equipping of the country's defence forces, due attention must be paid to faith and ideology as the basic criteria. Accordingly, the Army of the Islamic Republic of Iran and the Islamic Revolutionary Guards Corps are to be organized in conformity with this goal, and they will be responsible not only for guarding and preserving the frontiers of the country, but also for fulfilling the ideological mission of jihad in God's way; that is, extending the sovereignty of God's law throughout the world (this is in accordance with the Koranic verse "Prepare against them whatever force you are able to muster, and strings of horses, striking fear into the enemy of God and your enemy, and others besides them" [8:60])."
IMO Obama is a smart guy and he knows what he's doing. He doesn't think it's fair that we have nukes and Iran don't. A thousand years from now he will be remembered as the guy that destroyed America.
SD executives didn't buy any shares. That was part of their compensation package.
getuserid • 17 minutes ago Flag
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Barrels of oil and barrels of oil equivalent are not the same. Barrels of oil and barrels of monkeys are not the same. SandRidge sells barrels of oil.
It seems as though the 13 year olds have taken over this board.
Barrels of oil and Barrels of oil equivalent are not the same. On a boe basis sd got $24.79/boe last quarter- not including hedges. That's less than half the $59 you used in your valuation model.
30mmboe a year x 25 is $750m. With $400m in interest, sd is not going to make it unless oil and ng go up, or they wipe out the debt.