The next report should be a good one.
Turnaround has begun.
Turnaround continues. Maybe not at the pace everyone wanted, but it is still improving.
No, you're wrong. I just checked and CLDX is trading at almost 25. That's a profit of almost $1 per share if you followed my advice. You must have misread the quote.
The conference call this morning may do just that. But things aren't ok. The price of oil has collapsed. Debt has increased. Cash has declined. Stock price has plunged. More of the same for the near future.
I am real. That's why I'm saying the numbers aren't excellent. They are a grave concern. The fact that the company is hedging some of its future production in the $50 range also tells you they think there is a high probability the price of oil will go lower, and things will get worse.
No, they are not good numbers. They show a stock on the decline in an industry on decline. There is damage being done to the internals of the company that will be hard to overcome in the future. Damage such as declining cash flow, increasing debt/obligations and declining exploration. These will all have long-term effects on the company. Just to say it could be a lot worse, does not mean the results are acceptable.
by releasing oil from the Strategic Oil Reserve. Keep the ball in our court. We can buy back later with domestic production.
Capital gains tax when this is bought out.
Cash flow is the most important right now. Even if earnings hold up, it's because of hedges. When you deliver against those hedges, they are gone and what do you hedge for? Somewhere in the 50s. Another $1 billion in debt wouldn't help. WLL already faces $250-$300 million per year in interest payments. Kodiak will bring them about that amount over again. Debt is not the answer. It will probably be the downfall for this and a lot of oil companies this size. Well, that, and the fact oil prices are less than 1/2 of what they were when lendors let them borrow all that money.
Well......duh.............and here I was thinking that gas plants were assets.
That was several days ago........wondering if they are having any luck.
May be a sign of their debt problems.
Take the money and run before CDE goes back up.