Yea, but they did it when prices were lower. About 50% of projected production is hedged. Here's the opportunity to hedge another 25-30%.
WLL fields are depleting too. They've cut their development because of budget issues. How will they have the money to develop new wells? Oil was at $100 not that long ago, and WLL still couldn't generate enough cash flow survive without debt. Now, no one will loan them the money. They will be selling properties and rock bottom prices. The survival of this company is uncertain, even if oil goes to $100, which it won't for a while.
too good to be true.
it will just be the start of a bunch of new ones.
you're buying at a recent high. Don't do it.
True. One should be buying when everyone wants out and selling when everyone wants in. We are in the should be selling phase right now.
Then are ready to sell when people reacting to their suggestion buy it. It is a scam of Wall Street. Don't buy into it..............literally.
Time to bank it. Sell in May and go away.
Probably would help to pay some of the expenses.
So true. Lenders are worried about getting their money back. They don't want that cash buying anything other than debt. They shudder at the thought of cash going to anyone besides themselves.
When the time comes, it may be more of a non-event than one might think since shares sold will be offset by shares shorted. This is the time to cover a short. New longs like me are on there way.
Plus..........................a bunch of shorts, that have made good money and are sitting around looking at each other to see who will start to cover. That's why I just established a position in this company. Good quality. Down a bunch. And lots of shorts to cover.
more fuel for the upside. Don't mess around shorting a stock like this.
load up at $6.85.
It's just another example of this company's pipeline...........several drugs marching towards virtual approval. Some will be rejected, as we have seen, but only one or two approvals will cause CLDX to skyrocket. Be strong, be patient.