I'm not bothered by 1-2 month volatilty, but invest for much longer after forming an investment thesis.
Thanks for the half-time entertainment.
(If KWK makes it through these tight times, it will certainly more than quadruple.)
You, as usual, are perceptive and correct in all respects.
I will turn in my 2012 Volt next June, and either lease or buy the 2015 Volt.
And, I still owe you a (much delayed) review of my 2012 Volt.
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).
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.