Use common sense!
The shorts are screaming: "gloom and doom!" because they see blood.
Now the common sense.
Icahn has a potful of shares and he sits on the BOD. Do you think he is thinking BK?
The insiders were buying at higher prices and are loaded with shares. You think they want to sell at a loss?
Venezuela is on its knees begging for oil production cuts. The Saudis are running a Govt deficit, Russia is also begging for price hikes and production cuts. Iran wants to sell. On and on...........
Do you suppose the supply glut will continue much longer? I doubt it.
Do you think the price of oil will keep going to zero? I doubt it.
If you stop and think, CHK is preparing to outlast the crisis, and that's what they have been doing all along, the latest is to restructure their debt and kick the can down the road with it. That's why the hiring of experts, if we can believe that.
I added @ 1.75. GLTA (of course except the shorts! lol)
Sentiment: Strong Buy
The worst part of all this is that NGL's revenues are made mostly on the spread, and 1/3 of their business is in retail. So, why the big drop? go figure.
So, if margins are down they should make a lower revenue and profit (if it means much here), not for the stock to go to zero. And that's where it seems to be going. Go figure!
Unless there is something hidden here, this is a perfect example of the lemmings running to their doom. With a 40% distribution and the fact that they ARE making money (not as much!), how can anybody sell at these prices, unless everybody knows the end of NGL to chapter 11. And besides, they nake their money on the spread, so drilling is not a factor.
GAAWWWD, HOW I LOVE THE STOCK MARKET!
Fine. They blew it on a pipe. But, how do we explain the fact that they have been making money all along, and now just because they are not making as much, investors cream the stock? I'm suggesting that, maybe, just maybe, investors may not be so smart after all. Look at Icahn and his $1B stake in CHK! Do I need to go further? I'm starting to believe that those who are patient and wait get rewarded. GL
I couldn't agree with you more. This puppy makes its money on retail sales and on the spread, not drilling for oil, as many lemmings believe.l Time to get it on the cheap from here on out. GLTA
Sentiment: Strong Buy
I doubt earnings make this dog go up like this. It's a buyout offer for sure. Somebody big is involved here for sure! Keep your eyes open!
Everbody knows that, because CHK already made some sales. They are buying time, hoping the price of oil moves up in the next 12 mos. That kind of news doesn't make the pps jump IMHO, especially on the heels of the Saudis raining on the parade. We are all guessing here, but the high volume and strong price action is an indication of something else.
When the crooks from Goldman make a public announcement about a stock, it;s time to do the opposite of what they want you to believe. Just remember the junk mtge bonds that they floated as AAA. Lots of folks got burned on those. Do your dd and if NGL dips further: time to buy. GLTA
It could be that too much of their business is in China, making it risky for long term. What % of their total revenue comes from there? I hear that they are going big on credit card business in China, too.
Their problems are a lot bigger than sustaining the dividend. We may see this at 25 soon, because of the unknown about the Panama papers. JMHO
do you really believe they could omit the dividend? Too big a bank for that to happen IMO. I agree we may see $25 fairly soon if they earnings take a dive.
When these aaaanalysts bash a stock, get ready to buy, because that's what they will be doing. I know. I saw it in CHK and bought at $1.75