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Goodrich Petroleum Corp. Message Board

mopsu28 14 posts  |  Last Activity: May 19, 2015 9:21 AM Member since: Mar 25, 1998
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  • Reply to

    so anyone has any idea what this thing is worth

    by mopsu28 May 19, 2015 9:17 AM
    mopsu28 mopsu28 May 19, 2015 9:21 AM Flag

    meant to say $4.8

    Sentiment: Strong Buy

  • been long for over 2 years and bought my first 1000 shares at $7.92. Two years later and now 10,000 shares average $3.8. Could this be the day when I break even? Any educated opinions of value?

    Sentiment: Strong Buy

  • The spot price of iron ore extended its recent gains on Monday, sitting at a seven-week high and providing this way some breathing space to miners, particularly mid-tier producers.

    Prices for the steel-making material added Monday US$1.28 or 2.17% to US$59.09 a tonne, taking its gain since bottoming at $47.08 on April 2 to 25%, according to data provided by the Metal Bulletin's benchmark.

    The revival means that at least three Australian miners, previously in the red or dangerously close to it, have resumed making money.

    The revival means that at least three Australian miners, previously in the red or dangerously close to it, have resumed making money.

    Those companies, Fortescue Metals Group (ASX:FMG), BC Iron (ASX:BCI), Mount Gibson Iron (ASX:MGX) and US miner Cliffs Natural Resources (NYSE:CLF), are now believed to be above their "break-even" price, the Sydney Morning Herald reports.
    •Fortescue, the world's fourth biggest producer, needs iron ore prices to be about $50 per tonne to cover its cost of production, royalties, maintenance spending and its debt obligations.
    •BC Iron can generate cash as long as the benchmark iron ore price is $55 per tonne or higher.
    •Mt Gibson Iron should also be breathing better, as it estimated "break-even" price is $53.
    •And Cliffs Natural Resources, set to update investors on Wednesday, has said its cash costs of producing iron ore are around $39 per tonne.

    In contrast, mid-tier producer Atlas Iron (ASX:AGO) —which needed an in ore price of $60/t to keep its head above water— is mothballing its WA mines under a staggered plan announced earlier this month.
    Some attribute the switch to a bull market (a more than 20% appreciation from a low is considered a bull market) to the top producers latest announcements, which seemed to signal willingness to begin tackling oversupply.

    However, the Big Three iron ore miners – Vale (NYSE:VALE), Rio Tinto (NYSE:RIO) and BHP Billiton (NYSE:BHP) – did announce production numbers last week showing output growth continuing to climb.

    Number three producer BHP also announced that it's pushing out its $2 billion Port Hedland expansion or "debottlenecking" project. Not because it's paring down production growth to its target 290 million tonnes per year – the Melbourne-based company explained that its already installed infrastructure "continues to exceed expectations" and putting on hold the project means it can slash costs further.

  • Reply to

    Today is the day

    by navin_r_johnnson Apr 7, 2015 7:31 AM
    mopsu28 mopsu28 Apr 7, 2015 10:00 AM Flag

    and as we were heading out of the cage CIBC decides to downgrade to sector underperform. That will hold it down for about 30 min

  • Don't know whether to go in half or just wait for a lower entry point Volume fell off a cliff though. I think buying here, the risk reward is about 50-50

  • Been consolidating for a few days. Will it be trying to re-test the $22 top or the $16.50 or so support. Decisions decisions

  • Reply to

    and out

    by mopsu28 Mar 17, 2015 10:14 AM
    mopsu28 mopsu28 Mar 25, 2015 4:56 PM Flag

    Boy was I right. It hit $22 on the dot and not a penny more. I'll start buying at $17.75 or so and all in if it hits $16.5. This won't see $14 again. No shares to short. I've tried when it hit $22 and there were none available

  • mopsu28 mopsu28 Mar 25, 2015 10:02 AM Flag

    NEW YORK (TheStreet) -- Gogo Inc. (GOGO - Get Report), which provides airlines with in-flight connectivity and other wireless digital entertainment, had its 2015 and 2016 EBITDA estimates cut by Morgan Stanley to ~$20 million and ~$50 million, respectively, from its previous estimates of ~$31 million for 2015 and ~$81 million for 2016.

    The firm said it lowered its estimates, reiterated its "underweight" rating, and set an $11 price target on Gogo stock based on the company's 2015 guidance, which was lower than what Morgan Stanley had previously estimated.

    Gogo announced on Tuesday the sale of $5.94 million in aggregate principal amount of its 3.75% convertible senior notes due 2020.

    "While the convertible provides Gogo with liquidity, and results from CA North America were encouraging, 2015 guidance was lower than our estimate," Morgan Stanley said in an analyst note this morning.

  • Reply to

    and out

    by mopsu28 Mar 17, 2015 10:14 AM
    mopsu28 mopsu28 Mar 17, 2015 10:39 AM Flag

    I agree and will buy back in if it drops to $17 -$18. Moved a bit too far too fast but I view this as a good long term

  • mopsu28 by mopsu28 Mar 17, 2015 10:14 AM Flag

    3000 shares about 21.62 on the average. Looks like it may reach for 22 but I've been greedy before and hasn't worked. $14k profit. Needed this to partly pay for my oil losses Good luck longs. Has been a long 11 months or so

  • Reply to

    Nice Run!!

    by thebarbariantrader Mar 6, 2015 5:13 PM
    mopsu28 mopsu28 Mar 6, 2015 7:50 PM Flag

    I'm in the same boat. Almost a yr. Have 1000 shares in one account break even 20.7and 2000 shares in another with a $15 break even so i'm up $10k on that but wanted to sell all at least $20.7. Was a few pennies away and pulled back Encouraged by the buying in the last 5 min and it may spike on Mon if it does, I'm out and will be buying back starting at 18 and down to 16.5 if it gets there. I think it was too far too fast and needs to pull back for new buyers to get in. I think this will go to $30 within a few months but gonna try to make some money trading it

  • digesting the gains made in the first hour. Will it make a run for it and break through the $20.65 and make a short-lived new high or pull back for a couple of weeks to make a more significant high following that? Yesterday and today was very important as it broke up out of the range.There is no way but up

  • Reply to

    What will Monday hold ?

    by michrend Mar 3, 2015 9:01 AM
    mopsu28 mopsu28 Mar 3, 2015 9:12 AM Flag

    Funny. That's the way I look at it. Earnings on Monday are good and the ones reporting Thu after hours it's like they're trying to bury something in the weekend. This is not backed by any serious research though

  • Now off to the races.

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