S&P downgrades Rosetta's debt. Stock immediately dropped and I expect it will drop at least 1 -2 more full points by Tuesday. This release was pre-released by S & P to friends and family. It is the only explanation why ROSE was doing so poorly even before the release while other oils were doing well. The market is a den of thieves.
I underestimated these guys. The stock is still dependent on NG pricing but is was an unexpectedly decent quarter. I probably already missed the best investing opportunity. That's ok. I would rather miss an opportunity than lose money. My money has been doing well elsewhere, so far. I will be watching..
Rarely do things go straight up or down in the market. Too many energy producers were up 25 to 50% in the last couple of months. There will be a retracement before a resumation of the upward move. How long the pullback will be and how severe? Wish I knew.
Same sector, sort of. Both are related to NG. But much different aspect. Low NG prices can be good for CLNE. These companies are not really comparable.
I would not be surprised to see $13 again which is why I am starting small but I would regret not having any position when this takes off. This way if it goes up, good I have a position and if it goes down, better I can get more shares at a cheaper price. My underlying assumption is that we will see NG well above $3 next year. We should also see UPL above $20 next year. Time will tell...
May 19 Chinese buyers are eyeing long-term supplies of liquefied natural gas (LNG) from U.S. company Cheniere Energy, an official from the firm said on Tuesday, in what would be the first LNG deal between the world's two biggest energy users.
This will probably be the last year that NG companies sell for this steep a discount. LNG is starting to get exported, there are more NG trucks and more NG fired utilities. Demand is also up. I cannot determine how low this pullback will be but the probability that UPL will trade below $15 by next year is remote (IMHO).
Near term high productivity could more than offset the lower rig count. A cool summer could also do a lot of damage to the stock price. One needs a strong stomach and a focused approach in investing here.
It is impossible. The best strategy, assuming you believe there will be a bottom, is to buy on the way down. My underlying assumption is that UPL and NG in general will recuperate. It should. NG use is going up not down and the details should work out in time. I took a medium position in UPL today. UPL can go down but I now have enough so that if the recovery in NG stock prices started today I would be ok with it.
Banks foreclose only if they have to and most of the obligation has already been raised with more deals in the short term pipeline. It would appear irrational to foreclose now, however anything is possible in this market.
I bought in the day before the 25.62% gain so am am your audience. Your logic rings true. There may be some retreat, however I can afford to loss some short term gain if it happens as the longer term picture here is that this stock is still way oversold at $1.76. I may even buy more if we drop enough. I decided to not trade this stock at these levels. Good thing I did or I would never have seen the full 26.62% gain.
This is a manipulated stock in a manipulated industry. The bottom line should be however that the asset sale resulting in almost no remaining debt is a very very positive development. This is not a great stock for traders but appears to be a good investment.