i started buying 2017 call options @0.88 pps. I also bought puts in ung for a hedge. I just started buying actual shares at .50 and .27. Elections are coming soon. Supreme court is aware so they stopped drinking obama's epa coolaid.
they already told you they bought the jv and were going to drill wells within 30 days. Where did you think the money to do this was going to come from? They will do a debt offering based on the extra land and the soon to be producing wells and pay off the credit card before it matures.
check out the amount of coal exported from usa to china. very small amount because most of it comes from austrialia.
people are #$%$ just like Chinese stock investors. They bought out jv to drill wells so they can start producing when lng starts exports. They need immediate funds to start drilling asap. This is what revolvers are for dummies.
Sentiment: Strong Buy
They should have sold their stake for 126Mil. They don't have the capital to fund this jv alone while buring cash on the coal business.
something fishy is going on. might explain that huge drop we got mid day.