Never ever. Even if gas goes to 3 or 4 someday. Or even 5. Then they will never make any money again. Sorry shorty. This is a buying opportunity. This may not be the absolute bottom, but it surely ain't the top. Now if you are a day trader, I get it, keep pumping for your short trade. But mid to long term this is a great opportunity.
Definitely options manipulation last few days. Down big on light to average volume with short selling being majority of sales. Should be some more rocket fuel. Buying more here. Funny COG is 2.5x larger market cap with half the revenues and half the cash flows, similar debt load per revenue as well analysts all say Buy that one, yet Swn is the lowest cost producer, easily services their debt, and has the best operating model. I love the market imbalances. Buy as much Swn as you can here
Right! They pay their debt now and aren't cash flow negative, have an investment grade bond rating, just got bankers to give them a 3 percent loan, and have record production. So when gas prices turn up, they won't make more profit. You people are amazingly dumb talking about bankruptcy. They would not be investment grade if they were anywhere near in trouble. Earnings are ow with gas prices low. When glut gone, then will see record profits on record production.
So the analyst who downgraded Swn is invariably always wrong. All his buy recommendations are in half from when he recommended buy and his sell recommendations are all up from where he said to sell them. The chart shows bottoming. Too many shorts and negative sentiment make this ripe for a nice run to come. Go long. 19 by May