Actually it is only delayed a few months and will begin early in 2016. These macro events may have no impact on UPL. LNG won't begin to have a material impact on the US NG market until 2017 and UPL needs to survive 2016.
There are few no brainers in the market. To me it is all statistics and probabilities. The odds of oil going lower are high. The odds of EPE stock trending down in the near term are high. The odds that we are closer to the bottom than the top are very high. Unfortunately I would not be surprised to see $18 oil. There is an oil war going on and there will be casualties. Still, I don't believe it can last very long and I do see EPE surviving and then thriving. In addition at any moment the trend can reverse and a 50% jump in EPE stock in a day is not so far fetched (IMHO).
But he is a shill. The devil can talk sweeter than honey but his insulting style and clear short vent appears to be obvious to me. I believe nothing he says. Nothing.
squeak I suggest that you never underestimate your competition. My years of #$%$ Jitsu training have taught me that you never know what another man knows. EPE suffering is probably a sharp guy, He probably works for a large organization that helps create panic in a security. I suspect he has many names. This is business for him. Try not to take his comments personally. Remember that no matter what you say, he will never help you in any way.
The power of the manipulators of Wall Street. No wonder the general public and the government has such a low opinion of The Street. A financially sound company like EPE had its stock cut almost in half in a month. I am sure that most of the small fry's bailed. Did you notice the smaller volume on the down days when the retail holders were bailing. Today we have higher volume. The Hedge Funds and Institutions are loading up. This pattern may repeat but have no doubt, EPE stock will be worth many multiples of its current price. Oh, one more detail. This stock will be volatile, but I suggest not selling any shares for at least a year and probably more (IMHO).
Cheniere Partners announced today that it expects to export the first LNG commissioning cargo from its Sabine Pass liquefaction project located in Cameron Parish, Louisiana in late February or March 2016. The first commissioning cargo was initially expected to occur by late January. By next year these shippments may start to make a difference.
If UPL doesn't have a deal regarding its covenents or other debt by the time its earnings come out and also comes out with poor earnings with an even poorer forecast, the stock may take a mighty beating. Still, its longer term fate remains a toss-up. If there were not so many other better run companies that have also sold off dramatically I would consider adding to my position here. Maybe after I make some money elsewhere later in the year or next year, I will add to my position. It will depend on the facts at that time.
Can't be sure of anything on these boards. But I don't think m2c is bow. However it appears that mc2 went long prematurely. Any long position in any energy company this quarter appears to be premature. However, there may be some exceptions when the earnings start to come out in the next few weeks. Unfortunately for UPL it is unlikely to be one of those exceptions. But it is so oversold if it survives, anything is possible.
Your employer will demand a refund for you pathetic twisted shill activities. Too many lies and misstatements to correct. Among other lies, I never carry a margin balance and my average cost basis is in the $4 range. Your employer may scare out others but I know this stock can move up just as fast as it went down. Not budging. Sorry.
Not sold out. I only day trade on margin. I never carry a balance. This stock can jump up 50% in a day based on the shorts you represent having gone way overboard on a cash flow positive company. Not all E & P companies are the same. It may not make a difference yet, but it will. $36 breakeven for most of its oil and well under $2 breakeven for NG with excellent hedges for 5 quarters this well managed company is a bit different (IMHO).
I repeat. The hardest part of investing is doing nothing. Buy low and sit. I admit I was too early with a net cost basis in the $4 range, but with oil in the mid $30 range I thought we were very close to a bottom. I am even more confident we are close to the bottom now, so selling here would make no sense. Of course some profess there is no bottom or oil can stay in this range for years. I don't think so.
Not on margin. We will see at year end. The stock is way down and priced for bankruptcy, but the company is cash flow positive and prepared to wait for better times. I am confident about one thing, we are closer to the bottom than the top.
"The banks are just going to waive the covenants" If that were a lock UPL would not be selling for $1.70. There are few sure things in this world but a guarantee on the banks giving slack is not one of them. Though I do believe it is probable. At this juncture even better run firms without liquidity problems are getting slaughtered so even a pass on the covenents may not do much for UPL. They need something more. Maybe the return of sanity in the energy patch. That would help..
Much of today's selling was from the settling of margin calls. The first $3 of EPE is not marginable, which means that anyone who had margin is now forced to sell at exactly the wrong time You can't be on margin when investing in low priced stocks. Many are learning this lesson the hard way. I admit that it doesn't look good in the near term. There is no apparent reason that oil will go back up soon. However, in spite of my premature investing here, I still see a good return by year end. I can't time when to sell and then buy this stock back
It is more than that as we are having a reasonable winter. It is a horrible energy market. Why take a chance for a grand slam with UPL that may strike out when numerous easy home runs abound?
I never though of this in USA political terms but yes, there is some validity here. Whether it is coal, oil or NG this president wants to see it all go away. The industry will get little help from him.