The amount of shares I own on SD and the trusts vs MHR... well it's kinda sad, It would have been a life changing experience for me if the shares I owned were reversed.. that's the markets for you..
SDT and SDR.. SD's original assessments and hedges on these trusts have been so dismal that it was either complete ineptness or a nice scam for unsuspecting investors.. There is a concern that the wells from the trusts may mirror the rest of the wells SD owns.. I'm only holding on for a complete sale of the company which was stated in TPG's proxy fight. I'm done waiting for a turnaround get the best offer and be done with it. Of course I'm a little disgruntle from my losses on those trusts.
I'm thinking that the reason for TPG's silence may be due to shopping of the company.. You will get an announcement as they did with the GOM...
I may buy back after the wash but it would have to be closer to $6.. otherwise I'm out the rest on any bounce here.. I already relocated the proceeds into companies that have "potential" of a turnaround.. SD's original assessments and hedges on these trusts have been so dismal that it was either complete ineptness or a nice scam for unsuspecting investors.. There is only a small bounce potential here, a full turnaround story is out of the question regardless of the recent uptick in NatGas prices..
"1) You have almost no idea what is going on here."
Yes I do.. it's a flawed investment vehicle with poor producing wells..
"2) You have no idea what to do about it."
Your kinda correct there I sold half..
If you think this is an easy instrument to evaluate then you must be extremely well versed on SDR prospective.. and if your long then you are losing some wealth..
If you're making money with options here then kudos to you, I didn't buy this trust as a complicated options trading vehicle.. No hard feelings here and I do wish you well..
Sold almost half my shares today at a massive loss.. this investment vehicle is flawed.. I'm still long a little over half for any kind of bounce; however, the deterioration of this trust in written in stone as it's has been proven for the past few quarters.. I'm not short just tired of losing money here.. Good luck!
Selling some of my SDR today for a massive loss, I just picked up some HERO today.. I like the recent insider purchases.. and the "SA" article although it's SA.. the trusts are horrific investment vehicles with no chance of recovering..
The "Hysteria" has been going on for a year now... when will it end? The % gain on the distribution vs the % loss on principle is called wealth destruction as as opposed to "Hysteria". Do you have any positive reasons to either buy or hold SDR? I would love to hear as I'm long as you are.. keep in mind we're on the same side "for now".. Either way good luck..
Hero and MHR were my recent high % winning trades.. was thinking about selling all my disastrous SDR for some HERO and other plays soon.. I'm glad I sold all my SDT. As far as SD is concerned I'm only holding for a buyout as these trusts appears to be somewhat of an indication on how the wells are preforming in the Miss/L..
Does anyone know approximately when the next updated PV-10 will be published? This is a losing battle, everyday I held is another loss. When will the bleeding stop in the short term? I was hoping to get out at $12, now it appears I will be lucky to get out at $9.
I need SD higher to make up for those trusts, although those trusts seems to be SD's throwaways to the unsuspecting investor it doesn't bode well for the rest of the wells in the Miss/L.. overall everything SD has been a loss up to this point while the rest of the market finds new highs.. Funny how when SD's Oil program became more gassy and we tanked hard, now that NatGas prices almost tripled blame it on low Oil production and high depletion rates.. Hedging seems to be a mess especially in the trusts.. Either way we're going to need a miracle "buyout" if you were a long term investor everything SD.
O&G prices at yearly highs SD trusts at life time lows TODAY.. talk about being in the wrong space!! SDR is now my largest loss, everyday I hesitate selling I lose. The way the wells are reacting in the Miss/L in these trusts the more I want a buyout of SD on the cheap.. I'll take anything over $8 at this point.. I may even start using options on SD for a hedge and not anticipate a buyout any time soon..
roflmao!!!!!!... I'm glad you find this funny.. No reason to spit on some of the shareholders thinking that NatGas was a gift to the US and only to be ignored by this administration.. Whether it was GMET or company X nothing funny about losing an investment.