Oh BooBoo you are learning a valuable lesson about markets, mergers, oil prices, and spouting rubbish. Om my fellar, dont you gits tired a bein' wrong??? Iffen oil breaks down below $90/barrel this will cost ESTE. Throw in a increasin' perduction costs, increasin' depletion, uncertainties bout the merger, will Lucas do the job on that 400 acre oil patch, etc.? You gots a formular fer uncertainty and investors like to see clear water not muddy water. I reckon yer undawear gots a few brown spots to wash from yer victory lap in the mid $30's to yer terrible stumble near the finish line. need toilerpaper? I feel sorry fer them investors that tookerd yer advice and got snookered. Fellar, time is money. Ever hear a thatten? Must you learn the old fashioned way? Helluva call thar Boolean, WOW!!!!! Nice $1.25 gain the past 95 months, LMAO!!!
Oh Boolean, the illusion of knowledge is such a dangerous thing as you will learn. How do you stay solvent? YIKES!!!!!!!!!
Boolean, I have been right bout thissen stock much, much more than you can ever dream the past 8 years. I'm not in cause I don't enjoy bein' whipsawed back and forth like this. Hell, it could be stuck around $30 or less fer another 12 months, maybe more iffen the merger has unforeseen glitches? Thars a lotsa uncertainty here bout oil prices, perduction amounts, cost a perduction, and depletion.............not countin' whether thissen merger will work out. The deal with Lucas is with a firm with a terrible track record the past 5 years and is only 400 acres, not much chance fer a biggun of a find. Lucas may be kaput in a few years the way thar a goin'.
Booboo , you have been one BIG booboo on thissen stock. It is now back to January 2006 prices. That's 83/4 years down the toilet. You are like a broken record at yer boiler room pump station. Tell yer volatility and much higher prices to those that tookered yer advice and bought north a $30 or so. They tookered and were snookered, courtesy a you. I'm not impressed with yer prognostications, sorry. But you are one entertainin' college student!!
Bein' whipsawed by a stock like this aint my cup a tea.
Much obliged thar fellar.................am tinkin' bout changin' my name to ilostmymoneyon Booleansearcher. It's better to be a smart fellar than a fart smeller?
Boolean, sorry to hear bout yer car problems, but then agin how ironic.............yer lug nuts aren't the only thing you need to tighten up on?
real, Lucas has been a disaster the past 5 years............lookyonover at thar 5 year chart. I believe this hook-up with ESTE has done more fer LEI stock than fer ESTE stock as it shows thar partnerin' with a more solid firm. Yet, 400 acres? Not much pertential fer a biggun of a find in my view. I could be wrong a course and they could hit a gusher or two, but I have my doubts. Hey, I hope all you fellars come out a this okay, but risk has been on in my view.
To those fellars and missys he lead astray by pumpin' this thing beyond reason? I have been warnin' people here fer a spell as the facts have not been truly vetted, jest the effin' hype. You would think iffen the new compny wanted the price to go higher they would put out more press releases on thar intent and reorganization plan? That would balance what is happenin' versus the Boolean HYPE. As I have said till I'm blue on the keyboard, ESTE might be a fine compny but the stock sure hasn't been, especially fer the new holders/buyers the past few months. Long-termers, well it is roughly $2.25 ahead a the price in January 2006 right now. I warned bout the price a oil possibly goin' to $90/barrel and we are very close. Boolean is perdictin' a big economic recovy and now jobless claims have risen 4 a the last 5 weeks. He predicted the S & P would bust through 2100 by year end when it was at 1987 a few weeks ago without realizin' that 20% a the profits a the S & P 500 come from Europe which is a disaster right now. I'm not sure how this guy exists in his la-la-land? Hope he keeps his day job as he could be close to goin' insolvent on his perdictions. He is learnin' a valuable lesson at his boiler room pump station and he might do some justice in apoligizin'' fer his poor judgment? Yet, he is kinda entertainin' dont yah think? Best wishes everbody. I am not in the stock jest fer the record as I sold a while back and missed the merger news. Yet, it is startin' to look innnerstin' here.
Boolean, you been right bout thissen twice in the past 8 /4 years, and yer track record is pretty darn pathetic. I seriously doubt investors will pay 20 times earnin's fer thissen or up to 3 times book per yer cheerleadin'.. Remember, yer learnin' a big lesson here bout valuations and investor psychology. If you do not learn you will suffer a heavy price. As I have said 20 or 30 times here, ESTE my be a good compny but its been a terrible stock............check the charts if you do not want to accept realiy (or other factual evidence)...........it's up only per near $4.50/share from the $27/share price in January 2006..............cheer all you want but the performance here has been jest as bad as yer prognostications,. You have been a wonderful contraran indicator/predictor............doin' the opposite a what you prognosticate has been more profitable than ESTE stock. Don't you ever tire a bein wrong, wrong, wrong? Or, are you jest an entertainer or game show host type a fellar versus a real investor?????
As I have said befer, thissen was priced to perfection north a $35 in my view. Healthy correction? Well tell that those that bought shares north a $33 when it was roughly 2.3 times book value or those that bought at $37, roughly 2.5 times a book value. I sure couldn't see it. Too many unknowns fer an old fellar like me. Not sure how these two compnies will blend together in terms a strategy, culture, operations, and future plans. Willt thar be more shares issued, thus further dilutin' the overall book value a the compny? Is 2.5 or 3 times book value not a risk? Will perduction stay on track or will perduction costs and depletion rear thar ugly heads in 2015? Those 400 acres in TX with Lucas don't seem to be much acreage fer a big find either? As I said befer many, many times, the HYPE her by certain cheerleaders was jset too much fer me and I am glad I did not bite on the bait.
Nowthen Boolean's 2100 guestimate fer the S & P 500 at yearend seems a stretch. Yet a touch a irony here to. What could power that? Possibly lower energy prices givin' consumer spendin' a bit of a boost and puttin' a little extra cash in the pocket instead a the gastank? Oddly, lower energy prices would probly stall ESTE's stock price while the S & P powered toward 2100. Thus he could get half a what the fellar wants iffen that scenario unfolded, yet it would seemingly depress ESTE's stock price, wouldn't you think? Boolean makes more Boo-Boos again and is one a the better contrarian bets I have seen. My 2 cents worth on Saturday.
alan, fellar you been right on the money in thissen and by outward appearances this would seem to be a gooden of a value stock...........instead it has been a value trap. Congrats on yer calls!
Wellnow fellar, the summer drivin' season is pert near over and maybe oil heads down to the $90 mark at some point, especially iffen the US military intervenes more in Iraq/Syria? Will this venture with Lucas perduce Nebraska type results? Lotsa unanswered tea leaves to be smoked by da Boo-Boomaker?
workallday, fellar I believe thar was a reverse split around 10 years ago. I agree with much of what you say here. Yet we are in limbo until the financials are released. Thus we got no idea how bad it was, is, or what his plans fer the future are. I'll wait till I see what is released in the next 8 weeks or so. I'd rather wait befer I dip my toes in the water here. Iffen SED becomes a smaller, more niche type compny that could save'em from goin' kaput. Gad has a lot on the line here and could establish himself as a small compny turneraround artist and get some nice publicity if successful. I believe the fellar is in his late 30's so he could make a name fer himself as well as a lotsa cashola iffen he gets it right. Yet, over the histry a this outfit that story has been the same time and time again as new CEO's replaced existin' CEO's. Thus fer nothin' has worked.
workallday, I would supect that to be the case. I believe the fellar wants to see this stock tradin' again.............otherwise it is basically worthless. It needs to be tradin' and it needs to provide quarterlies to get investors innersted. I blieve it can happen and iffen relisted it could be a much smaller compny, but perhaps more profitable? I sorta think and hope it will be relisted befer the end a 2014. This was a strong small cap a couple decades ago but never reached its pertential. Will it now? Who knows? But it sure won't iffen it is not relisted and tradin' again. After this "break" in the market iffen I was Gad I would do whatever posserble to re-list. As a roughly 1/3 owner in the compny he has the most to gain from a re-list. It will either be a dud or good turneraround candidate.
alan fellar, much obliged on the reply. But, you'd think thissen would be a candidate fer a buyout by some othern firm to correct those problems you mentioned. Quite a head scratcher, hmmm.
Optermistic thinkin' thar richardclovis..................but don't forget to divide it by 11 million shares (maybe even more befer this merger is completed) instead a the current 1.74 million shares.
10 year yield down to 2.38% right now due to weak economic reports and possible deflationary impact on imports................how's that short goin'? LMAO!