And another great buying opportunity. its like buying when the market crashed in 2009. Everything got sold off even the good ones. Swn is a good one. The bond performance tells you which ones to buy. Swn will recover someday. I'm not sure Chk can recover however.
Makes sense. Sometimes you miss the big moves waiting, but you don't get hurt either. Stock is technically oversold and fundamentally oversold imp so buying as much as I can down here. I don't mind volatility. If it goes lower then I just make more money someday as I buy more there.but I'm a Houston guy with a pulse on all these companies.
Have fun out there.
Cog market cap is 2.5x Swn and they have half the revenues. A little less debt, but comparable to Swn based on revs. So I am long Swn and short cog. Either cog extreme overvalued or Swn extreme undervalued
Over exaggeration. Their bonds are still investment grade. Even at 2 bucks natty they are covering their debt service. All " losses" are non cash write downs to reflect commodity prices. The reverse is true when prices go up. So when , not if hat gas goes higher expect earnings to beat expectations. Never been a dividend stock
Wait to panic until it goes to junk, which isn't going to happen. Bottom line is oversupply will get solved in 24 months or less and then commodities will overprice to the high side because of lack of capital investment, which will make Earnings a few dollars per share in 2017 or 2018. Buying will begin way before that happens. You will miss it. But now and take a look in 2017. Probably quadruple by then. 2018 will be at new highs. Mark this post
They tell you to sell it down here while hedge funds are buying it, then it will retrace back up to 19 on a technical move on a wall of worry, then they will tell you to buy it at 19 while the hedge funds unload. Rinse and repeat every time.
So you know nothing about oil and gas companies then since you think this company would go bankrupt even though they are investment grade and their debt is 3 levels above Chk for example. Good grief folks.
Borrowed cash, not earned cash. Big difference. Borrowed cash is a corresponding liability. So basically, it's just Zero.
2018 probably have about 1.50-2.00 in earnings. Equates to 30-60 dollar stock price depending on multiples ( low to high). So, buying here. Maybe some nice 20 dollar buyout offer comes soon? Company debt is investment grade and they generate enough cash from ops to pay bills easily, unlike Chesapeake which is junk
Nah. I buy here. I'm good. Don't worry about me. I'm not getting in it for a trade. I'm getting in now and anywhere lower for the next 5 years. I don't want to miss any buyout offers or other crazy news that will cause the stick to double overnight.
Hold til the next cycle. This ain't it. This is buying when there is blood in the streets. you are going to get knicked up short term yourself. Market won't let you have shares this cheap without a little pain. It's a screaming buy.
Smart money sold at 35 or more and buying down here again. Most of these boards are filled with small time traders though. Every day is watched with a microscope for 50 cent and 1 dollar moves. Not many here are buying into the big move over the long haul. 5,10 plus years. Solid company. Bonds trade at par. Investment grade. Super cheap valuation compared to peer group. Looking at a valuation 5 x less than cog, wmb, Apa yet basically have same metrics. Either the others need to crash or Swn is undervalued. Go long Swn and short cog
Again. Tells you it's options and retail short sellers. They will get caught with pants down. Will go up just as fast someday. Will be like Cameron.
Too cheap compared to peers. People treating it like chk. Mostly dumb short sellers. Have created a nice buying opportunity. Anything 10 and under is a buy imo. Buying more and will keep buying all the way down. Did the same thing in 2000's when oil went to 10. Then dropped below 10. Bought it all up in the panic. Quadrupled 5 years later. Sold, then oil trip,Ed from there.
Buy this stock while it's getting blasted and tuck it away. Next cycle up ( and there is always a cycle up) this will go to new highs.