Get a little more with the blip upwards in price. Helps us control the world markets. Gives our domestic production more of a burst in the future.
somewhere around 15-18, depending on how bad the 10-K is. Otherwise, this is Enron2.
Reminds me of the old Bob Dylan song.............I was so much older then, I'm younger than that now. In other words, that was then, this is now. Meaningless. We know so much more about this company now.
This post reminds me of an old Minnie Pearl story. A lady called the local fire department of her small town and told them, hurry, my house is on fire and will burn to the ground within an hour. And thanks to the local fire department it took all day for the house to burn to the ground.
The same applies to this stock. It isn't going to go bankrupt overnight. It will take time. But if they don't improve their management, it will go bankrupt eventually.
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.