Real POS company. To think I debated buying SDRL...its only fallen 30%!
You might look at CPE which is a very steady stock and great company.
Seems to me the major cause of the sell-off today is the loss of the 21.16% Dividend and not the production gains this quarter and for the year with a 6% saving in operational expenses and reduction of Debt.
Like it or not the loss of the dividend may lead to an increase in the PPS down the road. Too many people are hung up on the dividend, the health of the company must come first and when that happens everything else will fall in place. It will all equal out in the long run.
One of the KEY factors in buying a stock that is falling is to wait for the volume to slow down so you don't catch a falling knife. If you look at a chart of the volume for LNCO you will see the Volume has really slowed down to less than a quarter of what is was the first hour of trading. Looks like most of the people that wanted out are out. Time to buy.
Complete overreaction, today's news isn't bad, imo
YOU GOT IT !
And I might add people are trading on EMOTION n following the herd.
The release was not that bad at all.
I doubled down under $5 and now I have 2 shares, just kidding. I really didn't think the dividends were that important, I guess that's because I trade a lot. I think they handled it the right way giving people a notice and not just throw a "stock offering" at us which everybody loses and you NEVER know it's coming.
I don't follow the herd and I don't trade on emotion. I think at these levels you can make money on a good company that seems to be run by good mgmt. Remember these are bad times in Oil and I think they are making the right moves to be around tomorrow. Good Luck !
Is going to make MONEY TODAY.
People have a habit of OVERREACTION and following the herd !
Makes sense given where we are, and near term pricing outlook
Sometimes things that appear to be bad are actually good. I could care less about a dividend, that's not why I buy a stock but maybe others do I don't know. I see a lot of good things in the report and those that may be bad may already be baked in with the weak Oil market . I think we have to wait and see after the open.
Them sneaky management guys are planning a reverse split
Why would they do a reverse split on a stock over 5 dollars, no reason at all. Funds buy stocks over 5 bucks and the main reason for a reverse is to remain listed after the PPS falls under a buck for 30 days.
Need an SEC filing to compare all the numbers and remove the positive spin. I'am sure they filed one just have to find it.. At this point I'am not sure if it's a good report or a bad one. I guess we will see what the experts say after the open. Pre-market means nothing without super high volume.
"Hedged additional oil volumes; oil now hedged ~90% for the remainder of 2015
You got it ! Some people don't understand when oil is hedged, should be an up day tomorrow along with EPE which just release earnings this eveing and move estimate up on everything for next quarter.
With the EIA report showing a drop of 4.2M barrels and the biggest producer in the middle east cutting back on oil production at the end of summer Oil should be up the next several days.
I just want to clear the air about SPCB which I think is a great stock. When I look at a stock the first thing I look for is the negatives vs the positives. Most bad investors only want to hear the positives or what THEY WANT to hear. When I post something negative it's only for those that want information good or bad that they may not have access to, it's not for my benefit I already have it. I enjoy most of the MB posters and the way "commonsense" can really dig down into the weeds with the numbers and past CC's but I don't agree with everything he says but we look at things in a different way which is good.
Bottom line SPCB is going to double from here with their growth and new contracts they already laid the ground work for. It's just a matter of time. Good Luck Longs !
The EIA’s (U.S. Energy Information Administration) report is scheduled to release on July 29, 2015. It could be the catalyst for crude oil prices this week.
We need a drop over 2m barrels.
Good Luck !
On 7/06 Jefferies and on 7/21 Global Hunter raised the earnings estimate due today. Stock has been under the radar and most of the time they have an upside surprise. Good Luck !
You think that's bad I got 4 thumbs down just for reporting what the analysts reported on estimated earnings. Those are the people that can't stand the truth or the facts.
Quarterly Estimates By Analyst
06-30-2015 B. Riley & Company, Inc. M Crawford new 0.29 old, new 0.29 new 0.32 old 0.38
06-29-2015 Feltl & Company J Elving new 0.25 old 0.27, new 0.33 old 0.39
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have an estimate on the stock. That is because some firms prohibit Zacks from displaying detailed information on their estimates such as the table above.
06-30-2015 B. Riley & Company, Inc. M Crawford this year new 1.09 old 1.19 next year new 1.06 old 1.23
06-29-2015 Feltl & Company J Elving this year 1.14 1.27 next year 1.13 1.32
The Earnings Est. have been downgraded THAT's why the PPS keeps going down.
Untill SPCB has "News" to change that trend things will be flat.
So your saying Oil what go up significantly in the next 5 years. Nobody believes that.
How do you know what "NOBODY BELIEVES" ?
The Shorts might believe that so you are Short ! The longs say 70 bucks before years end.
My friend you need to research the supplies of oil world wide that needs to be sold.
Oil has ALWAYS cycled. As Oil goes down more people use it because at this point in time it is the cheapest energy to use. People drive more in bigger cars which take more Oil to make. Between the wars Russia has started and the Middle East it's only a matter of time went Oil will be in short supply and high demand.
The World is already pumping Oil at near the max that can be pumped but the future will demand more production that we will not be able to meet. The only way to reduce demand is to raise the price in peace time. In war the Oil will soar as everybody will try to target the Oil wells and supply pipelines and tanks.
Not just for CPE but all Oil stocks. We have had several down days bring the PPS down for a nice profit for the shorts and China has injected additional funds in their market so tomorrow may be an up day worldwide. This may be the best time to cover for some shorts.