I suspect one reason is simple correction.
The stock fell too fast, too hard, for no good reason: down from $0.90+ in past month, down from $2+ in past 3 months.
No doubt? It's a sure thing?
Goodness, you make investing so obvious and simple.
Of course, anyone with any experience knows it isn't so.
Currently trading up at $0.62 AH.
118,728 share trade at $0 .6085.
Second day that shares traded against ng price movement (front month contracts out to March 2015 down 2.5%+ today). Probably not happenstance.
Just an observation:
Nov-March wInter month NG futures dipped today to below $4.
KWK is usually correlated to NG prices, yet it closed up 5.5% today.
(also, 5881 Dec. 50 cent strike call contracts traded today)
Perhaps something, perhaps nothing--just interesting start to the weekend.
Were you referring to Williams Communications Group (WCG)?
It sought Chp 11 protection in Feb. 2002, and which led to court sanctioned bond swap as part of restructuring.
Outside Chp 11, a bond/equity swap must be consensual--and, it's pretty rare as I understand it. As far as the bond rating agencies are concerned, even a consensual swap constitutes a technical default.
"it has a lot to do with the size of oil fields"
And the continuity of the formations (ie, a single large cavity is best).
In the ng sector, the production costs in the Marcellus is typically so low for these reasons (despite surface based fracking operations) that some companies are profitable selling at $2/mmBTU whereas most others formations are struggling with current ~ $4.
I'm far from bent out of shape, and no inconsistencies (just y
I've never denied any aspect of the reported financials--that's why I call JCP a turnaround.
You see things, I see things, we draw different conclusions--let's just leave it at that, and let the share price decide (and, no, I'm not a long term bagholder--you're good at sleuthing and know this well).
My fault, I wasn't clear---didn't mean to say others are returning after decades away, like me.
Rather, that JCP can and is attracting new shoppers, including young folks as well as others who've previously migrated to other outlets (like me).
This is one of many, many example where you parse the fine words and technicalities, and fail to understand the intent/larger point.
You're doing the same with hard numbers---you draw conclusions without also considering the operating changes, and what they mean (especially where there may be a lag between cause and effect).
You're a very intelligent person---but, frankly, your vision is very limited, quite static and handicapped by a smug attitude.
Our observations are similar. I'm in the eastern suburbs of Los Angeles near the Los Angeles/Orange County line. Young-middle age, affluent demographics.
I've noticed significant patronage by 20-30s shoppers, perhaps 40-50% (they also carry Macy and Nordstrom bags---obviously cross shop)
Indeed, he's home bound and buried in the filings (not that I dismiss sound financial analysis--it's one component of good DD).
Had he followed Apple in the late 1990s, he would have also predicted its BK (it was a few weeks away from cash depletion---on top of cratering sales. Of course, Jobs return made all the difference).
You're probably right about a blowout quarter.
Read an article recently (WSJ?) where product costs were compared among several types of well formations/locations.
Surprising that offshore was not the most expensive (which would be tight sand such as Bakkens), more mid-range of cost.
Given that the oceans are the last frontiers for exploration, odds are that demand should stay high and ORIG will prosper for many years.
You likely held mandatorily convertible issues, or the conversion was part of Chp 11?
The 2016s are not convertible----bondholders can not be forced to swap for equity. See the prospectus--there's no language regarding conversion.
KWK can most certainly offer an equity exchange--but, it would have to be consensual on the part of each individual bond holder.
"Rich" is best defined from acquirer's perspective.
SWN owns a mid-stream unit, an advantage as it likely helps lowers total production costs (vs paying someone else). This is a competitive advantage.
No, he's correct.
I've seen the same myself at several mall locations in SoCal. The differences is especially apparent with Kohl's--drab with subpar customer service and excessively long check out lines (because there's just two lines in the store--at least the one in my suburban town).
JCP and M stores are closely paired in terms of visuals.
The prospectus will be available only after the SEC deems the filing effective.