Why the post if you don't own this anymore? Oh, never mind...you are going on IGNORE.
Nothing to do with options. Cover = buy the stock, since they are short and have already sold it. If they think the price is going to go up, they need to hurry up and buy it. When mass quantities of shorts start to cover, to buy, then the price goes up.
If I wanted to be negative, I would say that if it's a bust, I paid it all...no sharing the expense of it. Let's hope Floyd remembers his recent billion $ write off. If it's good, I only get 77% of the proceeds, but I'm paying 100% of the expenses.
Horse - I could have written what you wrote. You are not alone, if that helps in any way. It does seem like there us always something holding it down. Let's hope this is our year.
i've always liked the idea of JV'g the SWD system/gathering lines... I haven't been paying too much attn to what they've been doing...i have a bunch of shares from years ago, and just in a holding pattern. however, if there are others drilling nearby, JV all the lines and make some money by charging fees to go thru their lines/to their SWD wells, and of course there's money from your JV partner.
I've owned this for 3 years. If I were you I'd take my profits and do it all over again when it comes down after earnings. Unsure what reality is, but in my mind it always comes down after earnings. Hate to sound negative, but am being honest on a board of bashers and pumpers. IF you do sell, and we have a wonderful surprise, you have your core position to take advantage of that.