Though your logic would appear sound the dividend is cash money. The stock price can fluctuate. Putting new money in to support a position is not the same thing as holding a position (IMHO).
These small companies are easier to manipulate but with a 30% dividend I would expect the short positions to be relatively short lived. Even a 50% dividend cut is a hefty price for a short to pay. Therefore I expect to see 4+ within 4 months and hopefully much much sooner.
Last year was the 8th warmest on record. Oil is a globally traded commodity. I am not clear about your point. I agree that the CEO is tops.
I have discussed many issues about this company, industry and the market. I even told all when I was long and when I sold and why. Tediuos is not a correct word for Juan's posts. He has never discussed anything about this business. Only personal attacks. I am suspect of your defense of his worthess posts.
Based on the recent extreme rise in stock price I go with stocktrader's thoughts on this one. Whatever the reason no complaints here.
Considering you have been posting like a short for some time and NG prices have been going up lately I don't see how you could possibly be making money. I will concede however that I don't think you could have lost much because you can't have had much to begin with. What a waste of space you are. Any board you are on detests your worthless posts. Now go rag on me or someone else. It is the only thing you can do because you obviously know nothing else. I will not respond to your next slanderous remark as if is futile to reason with an idiot.
You may be right and you may be wrong but the retirement of debt for stock at this point appears to me to be the equivalent of an insider buy. This event has yet to be fully played out. We shall know soon enough what the operational and market ramifications are.
Absolutely. By paying attention you always know exactly when to buy or sell. Too bad these other suckers just don't understand how simple it all is... Buying a value play and waiting - not necessary...pay attention and you buy at exactly the right time.
You may be right. It could be that the bonholders can't sell their bonds and think they will end up with nothing so they will sell whatever shares they can get presently. But I believe the more likely scenario is that the stock is so cheap right now that they would rather convert to stock now even though if a bankruptcy occurs they stand in line behind the bondholders. There may also have been a time limit on the conversion right.
It also appears that the new shareholders will have a cost basis of $1.34. The bottom line is that when convertable bondholders convert bonds to stock it is almost always good news. If bankruptcy was an issue they would not convert to common shares and the company now has less debt and less interest expense. Agreed. Glad I am not short here.
I agree 100%. Just picked up a sizable position today. Between the insider purchases and option exercising along with the new China tax I expect a quadruple here. We shall see.
I may not have any UPL presently but I have many energy investments and have knowledge about this industry. You probably have no money to match your no brain but have no problem being a prolific poster.
If you think that a 20+% drop in one day with no news is totally legit I have a bridge to sell you. Just my opinion. I am also a buyer at these levels Bought more today and probably will buy more tomorrow.
Mine is 1.43. Just got in today. If oil stabilizes and then goes up to the mid $80 - 90 range this could be a double for me. The odds are 50/50 but it is worth the gamble. I don't foresee that much more downside in oil. Of course I can be very wrong...
There is no question that insidious trading practices were used here. I have no problem with it. My average cost is in the $3.50 range and I expect to make a fortune here. I will buy more if we drop to the very low $3 range again. It is very naive to think otherwise. The experienced traders use this type of manipulation to their benefit.