Zack's goes from strong sell to strong buy. Now that is a terrible research company! If I start relying on Zack's someone please shoot me
Zacks has never been ANYTHING but a #5 Strong Sell for over a month but the broker recommendations , which Zacks shows are 4 strong Buys. There has been no changes in earnings since 6-29 B. Riley @ 0.29 and Felti + Co. @ 0.30, 6-30.
No NEWS= no change. Have to wait for it.
even if it happens it will be several months before any oil could come to market.
First the market looks 6 months ahead on something like this and second the "shorts" will spin it like we will be swimming in Oil tomorrow.
But the Longs say "Adjusted" Earnings beat by 0.04 and Revenue beat.
ZACKS for the first time in months, changed CPE rank overnight from #3 Hold to #2 BUY !
Problem is this Oil Market is so NEGATIVE and Headlines only bad news there is no telling what the CPE will do today but long term CPE is going up for sure.
. It’s a long term tool and tool kit for us. Less
BULL! You don't know much about Shelf offerings . It's like dumping a loan of candy in front of your kid and tell them not to eat any for 3 years ! Ain't going to happen, the shelf will be used before Thanksgiving !
That's the answer I'am getting on Fox Bus News.
API and EIA showed a drawn down last week and this week. This week the draw was greater than last week from 4.2M to 4.4M from the EIA and instead of Oil going up it turns negative by 70+ cents DOWN. REALLY !
Inventory reports should send it higher...a repeat of last Wednesday
The problem last week was the EIA did show a large draw down 4.2M I think. but that news was forgotten the next day and we continued the down trend.
As for the earnings I think we will be flat with not much of a change. Most analysts seem to support a Buy recommendation 8SB 2B and 2 H on my Zacks account with Zacks giving it a Hold . Target price 9 and change.
Usually after the close today the API comes out with the Oil inventory numbers which some people pay attention to and tomorrow the EIA comes out with the same and EVERYBODY will pay attention to that.
Then we have Earnings after the close and he only thing I know for sure is the PPS will not be $6.50 on Thur.
Oil ALWAYS CYCLES over time and TBoone has watched those cycles all his life. When Bush was in office Oil hit $10 a barrel then broke $100 bucks per barrel when the Dems took over.. I remember the DEMS saying if you're tired of paying 2 bucks a gallon then elect us. In a way they were right gas doubled when they took over and we did get the change as promised. The standard of living went down.
Oil will reverse its trend for sure, maybe tomorrow when the EIA comes out. Remember last week,draw down was 42M that is a big time drop. 2 in a row will get people thinking.
No buy on Rumor and sell on the news !
I have gone over every thing I could find in my research accounts including my premium Zacks which you can spend all day in for just one stock. Most of the old information was borderline negative but from june on things were more positive. Nothing to indicate a homerun is coming but earnings should be positive but sometimes that's doesn't cut it.
Total unadjusted earnings this Quarter (0.85)
The good news is the stock as better cash on hand and production is up, expenses down.
It's just PANIC SELLING now.
So, I'm wondering who the investment community is going to believe; Barron's article or Glengator's post on a message board
Let me pull it to you this way, I KNOW THEY ARE NOT GONG TO BELIEVE YOU !
To seem to get joy reminding people how much hey lost and telling others what to do. The last person they need for advice is you shorty.
I agree with you. There seems to be an effort to do a hit job on LNCO at all cost to drive the PPS down. This stock is way oversold and the spin is using the weakness in the Oil market to their advantage. With LNCO at a 52w low I am holding . We may even have some shorts cover the last hour and finish green.
There is no doubt in my mind EPE is a great oil company with strong guidance but I did think the shelf would cause some issues with the PPS. Either a lot of people don't know about the shelf or the good performance of the company over rides the offering.
I hope this is not because of earnings.
Wed. the EIA Report showed a very big drawn down of 4.2 barrels of Oil and many experts at the time said this is the beginning of the effect of taking Rigs off line. We get another draw down this week like last week and Oil will reverse the current trend.
Seems that there is a effort to push negative articles and down grades since that surprise drawn down, are the hedge funds loading up while telling you something else to get you to Sell ?
Israel will take care of Iran you can count on it. Remember the 6 day War when Israel easily beat 4 Arab states at the same time in 1967 in just 6 days. You don't mess with Israel and when it happens nobody will know it's coming !
First we need an SEC report on last Quarter I think that's why on my Zacks account they are showing old estimates for last quarter with the next earning due 6/30 and a ranking of #2 Buy.
Yahoo is showing a forward PE of 9 with a PEG of 0.43 which is outstanding and a Book of $9.75 with a target PPS of $10 so you can forget about.BK, the assets are far greater than the liabilities. The company is doing very well with an upward revision of positive earnings next quarter form 0.08 to 0.13 !
The PPS was flat all day Friday so I think today we may see a pop on an news release, maybe an upgrade, maybe a merger offer, maybe just a dead cat bounce. Good Luck to the Longs !
Officially you are now bagholders. Everyone else has left the building, including Elvis. Congrats, you have managed to ride LNCO stock all the way down from $46 to $3.
Just what is the purpose of your post ? Do you get off on trashing other people for their lost ? You are the one that's a loser with nothing better to do but engage in the joy of other peoples lost.
Get a Life !