I just sold 1/2 my shares at 27.40 and will sit on the remaining. My cost now is under $20.00. Now let it run up over 30. I am here for the long term because FI is a solid company......
Always good to take profits. Our Ave. cost is 23.86 and FI will be over $30 by the end of the 1st qtr. 2014 OR sooner. You should read between the lines of the FI report. Hopefully you will get back in till then. Can't look as a stock trader Right ????
Some big $$$ player's are investing in oil. George Sorro's bought a lot of shares in MHR. MHR is a smaller PXD but will pop soon a the results come it from the new wells.
I agree about Cramer. I was reluctant to even mention his name but on several occasions he went out of his way to mention a BIG player. It is logical for a big player, BUT either way the GOLD is in the ground and share holders WILL profit. It is only a matter of when. Cramer is Cramer and value is value. Buy Buy Buy - LOL
The only loss here is selling your holdings. If you sell and take profits that is OK but you will still lose in the long run. PDX is sitting on the GOLD and hold the keys to fortune. Don't let the hedging contracts fool you into future earnings as some are saying to get you to sell. Even Cramer has brought up several times a buy out from a bigger company could happen . Sheffield was excited about what PDX is sitting on and was reluctant to say more than what he could have. Read between the lines of Sheffield conference call and drilling new wells and the results of the earlier well results. Look for the drilling to rapidly increase and watch the GOLD come out of the ground. The longer the BIG players wait the higher the price will go. A $300 share value isn't even close to the value of PXD. By the end of the first quarter of 2014 we will see.
Ever since they bought Dalmer Rose I have been watching and buying. I wish I had more $$$$ to buy.
Sentiment: Strong Buy