"multiple degrees including CPA and MBA"
Markets can teach the "so-called" smartest investors a lesson or 2 once in a while.. Just when you think you figured out the markets.. BOOM! It will hit you from the rear!.. ask John Paulson, Wilbur Ross, T Boone Pickens and Bill Ackman.
PPS was $16 in 2000 & 1984 for a short period of time.. I guess I will own a huge amount of shares if that happens..
Interesting/positive outlook from R. Durig's on SD:
We Like Companies With Good Balance Sheets
SandRidge's net debt of $2.28 billion represents less than 40% of the near $5.8 billion enterprise valuation currently given it by the equity markets. Property, plant and equipment assets also appear to be valued at about $6 billion. Considering the concerted effort in the last year to put the company back on track toward profitability and restore value to equity holders, we expect to see its balance sheet continue to improve going forward.
SandRidge remains one of the more intriguing stories in the energy industry, and we think the timing is right for initiating a position in its convertible preferreds. The company appears to hold a solid portfolio of assets that have been estimated to be worth significantly higher than its current market valuation, possibly in the $9 to $12 per share range.
Once again I'm not going to agree with a guy shorting AUY at $4 only to watch it climb to $20.. BK??? Sure it could also go to $40...
The administration is clueless.. Rather than burning it with our trucks.. the Flaring into the atmosphere continues..
Prices of Oil, Natgas, weather doesn't matter.. SD will go down either way for whatever reason..
Oil up SD down due to hedging..
Oil up SD down due to NatGas..
NatGas up.. yeah right! Sd down..
Just sell the damn company at a deep discount.. what a mess since 2011!
looks like I won't get my $5.95 sell today.. as usual missed by a penny down we go..
I'm selling today I have way too much profit on RAD to let it just sit.. Good Luck longs I hope it goes higher!
SDR has a short term ceiling of $12 it appears.. In the long run $12 will be a thing of the past.. thinking of getting out of this mess before hand and switch to PWE which has a better chance for a rebound in the future.. These trusts have extreme limitations built into to them.. Ok maybe I should keep quiet for a while and let unsuspecting longs chase this so called "dividend"/distribution from a "company"/trust that can turn this ship around with "management".. $12 would be a Christmas Miracle! Sorry for the negative post had to vent a little with this mess TW created..
Well they looked like geniuses at $40+ but their ineptness took them back to 2008 levels.. Got to stay away from management that overspends and take on too much debt recklessly.. As if anyone couldn't see that $1900 gold wasn't a bubble.. oh yeah right some believed it was going to $5000 just like crude was supposed to go to $500.. yeah maybe in 2035..
Hopefully the dilution and the dividend fear is priced in soon.. we're at multi multi year lows..