Now if Rainbow is a paid poster then the timing of the stock's upward movement may have some sinister forces behind it as Rainbow has just re-appeared. Now I know Juan Ton can't be paid for his posts because any hedge fund would want its money back. I should ask our resident sleuth Chico for his thoughts, though I believe he thinks I am a paid poster so his judgement is highly questionable.
The Saudies did what they felt they had to do to stop a worse oil crisis in the future and to hold market share. They have accomplished their objectives. The next step for the Saudies is to get oil to $70 a barrel. When and/or how remains the question but the $70 target is necessary. That said I would not be surprised to see $70 oil sometime next year.
First, it was down 11.60%. Second, the oil stocks travel in herds. It is not just EPE that has been down lately. Finally, as a value play, I think $6 is a good price for this stock if you believe oil will hit $60+ by next year. The hedging program should hold them up until then (IMHO).
Assuming that current LNG projects are not cancelled then 2018 will be the year that LNG exports effect the US market. So for now the reduced drilling activity will be the only material hope for better NG pricing along with cold winters. Oil prices are more likely to go up than NG prices due to the fact that the extreme excess supply was not natural, nor will the price recuperation be natural. Oil should settle in the $70 range and stay there for a while sometime in 2016, possibly 2017. Though my guess is 2016 (IMHO).
One of 2 possibilitues. Even thought the storage report was bad, it was expected to be worse or it's a set up by hedge funds and/or others who plan to make money on the downside after they make some on the upside. Your call, I simply don't know.
20,000,000 shares is a great number of shares to sell. I doubt they sold them all for prices under $1 unless they knew something that we don't. otherwise if they do still own most of the shares they will need to dump them and send the stock price even lower. It's a lose lose situation. Sorry but that's how I see it.
As long as a poster uses facts that can be the subject of a dscussion then the post is useful and appreciated, even if I don't agree with it. Rainbow cited facts, so I have no beef with him. Chico is paranoid and not as sophisticated as he thinks but occasionally posts valid information, though I tend to agree that it is mostly gas. You on the other hand have knowledge but do not share it with the board. You waste everyone's time with posts that make Chico's posts look good. Start explaining your short position and stop bloviating.
Sneaky manipulation. NG stocks are currently moving up. Bring on the suckers, but this was not a good report. Unless I am missing something we should be going in the opposite direction. Of course I can be missing something..
They still have a ton of stock in MHR but my understanding was that they had to liquidate their position by year end. That would force them to almost give away their shares if this company really is worth anything. Does anyone on the board have a good understanding of Relational's relation to MHR at this time and if that forced sale situation is still in effect?
Ultra Petroleum Corp.(UPL): Corporate Credit Rating Lowered To B+/Negative/-- From
The downgrade reflects our expectation of increased leverage following our
lower oil and natural gas price deck assumptions. We now expect FFO to debt to
fall and remain below 12% and debt to EBITDA to exceed 5x over the next two
years, which we view as too high for a 'BB' rating, given the company's
"satisfactory" business risk profile. The negative outlook reflects the
potential for a downgrade if leverage falls well below 12% or if we expected
liquidity to deteriorate, which would most likely occur if the company did not
extend the maturity of its credit facility or amend financial covenants.
Also note I would not negate the possibility of either an outright bankruptcy or a very material dilution. We all want to get rich but sometimes slowly but surely is the better method.
I tend to agree with your statement, survival is what this company is about for the moment. Note that extreme dilution can also save this company which could reduce share price but still result in a matrerial pop from these levels.