From my experience the shorts are generally more sophisticated than the longs so MORON is unjustified. However based on the projected returns which don't fully factor in the NG gas price increases (we hope) in the future it does appear that this stock should head back into the $10 range, certainly by the next dividend announcement. If NG does it's thing in 2015 based on the beginning of exports and increased truck usage of NG we should be back in the $11 or $12 equivalent range (remember this is a depleting asset.) and possibly more (IMHO).
" the peak production of NatGas may have passed us" - Wow! I don't think so... I would suggest that learning more about a company, an industry and financials will trump the charts 9 out of 10 times.
The chart is irrelevant here as the full investment is likely to be paid for in under 5 years. The technique of learning about the investment is not passé. Otherwise you will sell with the flock, buy with the flock and die with the flock. I agree however with your sentiments about how our government has done its best to destroy what should be the best thing the country has going for it.
In the low 10.60 range this stock is way over-baked. I bought a lot today and would buy more if it hit the 9 range. The dividend will pay for the entire investment in 5 years or less. Wait till NG prices rebound. I will have my capital gain and dividend too. Who says you can't have it both ways. Once in a while the market gives you a gift. I see no rational argument to sell or even not to buy. If you can I challenge anyone to present a bear case for this stock at this price and even at a higher price. I only hear panic selling..
Seeking Alpha does not run this company. The insider buying tells me more about company expectations than they can. I bought more..
Another way to explain is that the company will get cash infused as the price paid for the new shares are a capital investment into the company but the shareholders now have to share ownership of the company with the new investors. Therefore a secondary offering technically may have little effect on shareholder value at the time of issue. However if the company as a whole ends up doing better due to a stronger financial position all shareholders can benefit in the future.
I agree and keep adding every time it drops below $19. My average cost is now a bit below $20 and it is my number 2 position behind SD. There appears to be little vision in the NG industry. In 2015 when the exports start UPL shouls already be in the $30 range and $50 within 5 years is clearly a possibility. I see limited downside unless we have a very warm winter this year and next.
I just bought 35,000 shs at $4 or less and hope to make a ton of money here. Love to know the logic behind your last incorrect statement.
This is definitely a manipulated stock but here's the thing...most small caps are. The way to win is to buy value and then stick to your guns. Don't be thrown off the money pony. It will grow into a prize winner.
I agree. Bought in the low 2 range earlier. Now materially increasing my position. Below $2 is a gift. Many catalysts can properly this above $3 or even $5.
I hope so. I was going to hold but at $13.50 and under I am a buyer and will continue to accumulate if it goes down further. The company has some material issues but a strong balance sheet, experienced management and a terrific industry. It ain't going away so fast.
Almost a complete disaster. Losing clients, don't know for sure if business can be replaced and a difficult competitive environment. The good new, they are still breathing and trying to replace business. My call is that the industry is about to explode and it is likely that the company will recover. The stock price is already decimated and although it may go down another one or two points the upside is much higher and is more likely. I am holding.
Stop stop you are both right! This is a very volatile stock moving its way up. Yes it is a great trading stock but there is nothing wrong in holding. She could have sold at $20 and made money or $25 also, assuming she got in when I did. I trade some and hold some. I may not trade as much if the price stabilizes but there is nothing wrong in holding.
I agree with you 100%. Bought more today at $4.65 to average down on my loss. This is one of my few losers ..so far. I expect to see the mid 7 range next winter. The conference call was excellent. Cash flow neutral early in 2014, lowered costs, increased volume and a likelihood of materially increased pricing. This stock could be a double in relatively short order (IMHO).
Me too. The climb up has already started. This is just a speed bump (IMHO).
Our time will come when most of the others give up. I am also a 3 year holder. Remember this company will be sold in 16 months or less for at least $10. Management essentially said so.