I'm sorry but who are you? And what did you do with Rebecca?
I sold at .58 and then placed a limit order at .52 which filled at 3:59:39. What dumby is selling 20% down at the EOD. If you want to sell, then sell into the run up. I don't get it.
I've lost track of this item - this was one of the questions from the conference call where Terry said is a 100% confident that they would make this payment - as part of standard business operations.
Mr. Peabody. Are you on the Long or Short side? Your posts seem to be polar opposites depending on the day. I've been Long since forever, I have taken a major hit on my IRA investment, but I have been buying in my taxable account. I think this stock will pull out of this nose dive and I think that OPEC is hurting as much as our US Shale companies; and everyone is looking for a solution to reverse the stupid decision to let oil float with Market conditions.
Explain how they trigger it - I assume someone starts selling a small number of shares below the current price in the last min - which then hits the stop loss triggers for all of those Longs who have the Limit Loss threshold levels set. Is that a correct understanding.
So if that's correct, then the drive the price way lower than they buy them back the next session at a discount. Correct?
there will be no pop today - if you watched CNBC this morning the media is so negative on Oil that I expect to see some drop - we don't have much more to drop before you can own the whole company for less the $1M. Expect a pop on Wed/Thur
Your thinking is very much in-line with mine. If they can sell some non-core assets and secure the 640M loan. They may be in great shape going forward.
Sentiment: Strong Buy
I am buying a limited amount at these levels and like I said - at this price its like buying a option that does expire..
One other comment - you read the Yahoo Oil Headlines and it sounds like OPEC is starting crack under the pressure. The dumb idea from the Saudi's is now presenting a PR issue on how do they reverse it without looking like dummies.
Sentiment: Strong Buy
There are definitely more phony handles - I have been putting them on ignore too - when I look at the page history all I see is post deleted - ignored user.
I have no idea why these bozo's are pulling this krap on this board. Makes no sense unless they are getting paid for it or have absolutely no life at all.
Anyway - I'll kep ignoring them and maybe they will go away before I just quit looking at the Board.
How do you get Yahoo to kill these bogus users - they are filling up the message board with worthless/redundant information. They are killing the Yahoo Message Boards to the point that I'm now looking at the Boards less and less.
Paul - do you know how many shares they had last Aug '14 and how many shares they have been granted as part of their compensation program. One guy bought last march.
Management can't buy anyting until after the blackout period which is 30 days after the Earnings announcement. MGT
NG is down 25% from FY14 - Company is down 95% from FY14. Debt is a problem - they do need capital to expand their operations to deleverage their debt. They need to secure a JV Partner or the loan to finish the build out. Other option is to right size their debt by selling off assets but now is not the time.
As we go into the fall we should start getting a lift from the increase in NG. Overall I feel comfortable with holding my position and waiting out the recovery. Worst case I lose my last 10%, best case is we recover to $4-5 in FY16 then back to $8-12 in FY17-18.
One last comment - the Saudi's started this whole slide for less than 1.5m bbl/day oversupply. He were are one year later and no impact to the US Shale producers. I wonder how the Saudi's will spin their decision to cut production and reset a new price of oil in the $65-80 range.
Listen to CNBC, Bloomberg, Yahoo/Finance, Wall Street Journal, etc. The number of negative articles last year started as a trickle in June/July and now its a Flood. The same is starting on the positive side. It feels and sounds like the Pendulum is starting to swing the other way.
Last year the Short interest was near 50% or 22M/s. The majority of shares (~120%) where owned by the Institutions which means their long positions were hedged. So now we are half that short interest. The Institutions are covering at very low prices - they've made money on the ride down and now they are getting in position to make money on the way up. Depending how fast the stock price rises will determine if there is any squeeze at all. Seems they have been doing a controlled covering.
My opinion which is not worth much - but the whole media/market sentiment is changing to the positive in that the worst is over, demand is picking up, and that supply should be coming down as we moving into FY16. I've been buying small amounts at these prices - but at these prices the number of shares pile up pretty quickly.
So I guess we wait and see what the earnings are tomorrow - my guess is (.65) loss
Sd_jones, have you called IR since they published the Lazard Press Release? I was going to but with the blackout dates around Earnings, I would expect them to say anything.
From my last call it sounded like they didn't need the loan done until Jan'16 or so. They mentioned that all of the terms and conditions were negoiated and agreed to by both sides. The only item was the % rate which they decided to wait and see if the market prices stabilized higher and helped reduce the rate.
One question is that the company is focusing on NG vs Oil, yet the stock price is getting hammered with the drops in crude each day. Yes, they do sell some oil but I would expect this company to PR'ing the heck out their transition back to NG, their breakeven points is at $2.60/MBtu (which is what I recall from my conversation with IR).
Hopefully, they are negoiatinga JV or working out the best way to structure their debt to expand the company, leverage their NG assets, and get the stock back up. And hopefully, they aren't working on a Chapter 11 Restructure. Otherwise, I will drive down to Houston and collect enough office stuff, computer equipment, and oil well hardware to cover my losses.
I some what agree - here is what bothers me.
They announce the loan and pull it within weeks. They could of held off until everything was sign, sealed, and delivered. Then announce it.
So why go through all of that to look like a bunch of clowns? My only conclusion is that new opportunities that gave you better options came out rather than moving forward with a 640M loan. Okay, but then, why would you announce the Lazard Consulting situation which tells everyone - you are going the direction of other E&P/Drillers that used Lazard to go Chapter 11. Things just don't seem to make sense. Any other opinions?
The jeno guy has got to stop his stupid _ass posts. I have him on ignore and I can get a full page list of user ignored. He is single handily going to kill this message board. The guys an idiot.