the problem is this company is essentially a start up. They have several wells but none of them are churing any signifant oil to show signs of profitability. The company has never made a profit in its history. Assuming the two wells worked as planned and oil was sitting at $70 a barrel we wouldnt be having this conversation. With oil prices at the level they are now and the situation this company is in I doubt they will be able to substantially increase their thru put and likewise they wil continue to lose money until either Oil gets back to $70 a barrel or they go bankrupt. Which happens first, I dont know however there are a lot better oil companies you may want to consider. I wont touch drillers at this time however I bought one refinder MPC and thats it for now until oil capacity is affected.
I was long ERN but got out in December and glad I did. They have a lot of bad quarters ahead of them and this stock will be trading under a buck by year end. Not saying it will go bankrupt but I wouldnt touch it anytime soon.
Sentiment: Strong Sell
Im new to this stock. I read the last 10K filing and I see that the March quarter looks bad, but can someone explain why this stock is down more than 60% from last fall. It looks like a cheap stock but I would like to know what major items contributed to its fall. Thanks
This is simular to Gamestop. Sales will contiinue to decline but will remain a cash cow for now. Its not even close ot a Blockbuster which had rental and high employee costs. Even if you assume the company will go away, in the long term it will find a buyer for more than the current price. I wish I sold last year at much higher price, but it is way over sold now and should go up another 15%
the difference this time is oil is now under $30 and supply keeps getting larger and larger. Now Iran is opening their spickets wider while China demand drops will hurt prices further. $20 oil seems really possble now, thus the spread may get really squeezed. Im waiting to jump in but I see more down side.
nice try shortie. Stay short if you want. I bought more yesterday. I have no plans if selling. while they have risk to digital games, they are expanding into other areas. This company will survive and in the mean time I will enjoy my 5-6% dividend.
Sentiment: Strong Buy
I finanially sold at the end of December and glad I did. I plan on getting back on ERN once Saudi Arabia slows production. Until that happens, oil will continue to trade in the 20's and 30's
I got out of ERN and two other oil companies and december and glad I did Ern will be a great company someday when oil prices rebound. Hope to pick up shares of this and other oil companies that survive cheap down the road.
they are trying to diversify their business model. While their sale have dropped, their gross profit percentage goes up. I have been holding for several years and just enjoying the dividends until it gets back in the mid 50s where it belongs.
The brokers sent out the ballets for the merger. Its a no brainer vote yes. You get the equivalent shares of PSTB for $7.15 a share. which is another 5% profit. Also PSTB has a better dividend yield. If things dips anytime this month I willl load up for the easy money upon the merger.
Sentiment: Strong Buy
Blackbuster and borders never changed their model. GME is adding AT&T stores, collectables and will continue to diversify for the future. This is a great company with good management. I just enjoy the dividends while waiting for the stock price to rise.
It doesnt make sense, but then again the stock always gets hit everytime even with a minimal negative report such as this. I have been holding this stock for 5 years and dont plan to sell for at lest another two years. They are expaining their foot on our businesses. They are evolving. Just wait unitl next quarter and it will be back to the mid 40's.
I jumped in today with 500 shares for the first time just below 7 and then bought another 500 shares near todays bottom. These shares are incredable bargins. Even if they had a bad a few more week quarters the business is solid and a 30% drop in the share price is crazy. I will enjoy my 8% dividend for while until the price recovers.
The vote is over, 10,000 votes for beefy boy the biggest loser on this board. So how is that December bankruptcy prediction working out for you fool. LOL,
How's that December Gamestop goes bankrupt prediction working out for you Beefy Boy you stupid clown.
So how about your promise that GME was going Bankrupt by December? Beefy Boy you won the award for the dumbest person on this wall. Now we all know why you got fired by the company.
Talking about Guarantees, how's that December Gamestop goes bankrupt prediction working out for you? Your too busy running away from clowns to make sense.