Even the majors have big debt the main reasons CLR has plummeted is oil of course more so he pulled off the hedges which turned out to be a huge mistake.
We saw the bottom near $30 but I would not be surprised to see a little give back tomorrow if oil falls like it seems to do after every pop. Draghi may spark a nice rally or may not deliver and cause a big selloff. I think today's rally may have had a bit of the rumor of Hamm's company being bought which has nothing to do with CLR but will make his ex-wife happier.
Possibly a lot of short covering since oil did pull back into the close. I wonder if a rumor of this deal was in the trade today if so you may see some give back tomorrow. Either way it was a bigger jump than most of the energy stocks today and impressive. The crazy thing is that one day oil tanks big then the next day it rallies then the same thing all over again I think it's happening just so traders can ride the volatility.
They told you not to buy their stock for the next three months or so. I would imagine they knew they blew it so they bumped up the buyback it's the only smart thing that came out of the CC.
This was SNDK specific after listening to their CC. These execs just plain dropped the ball it was like they had the company on auto pilot during the most important part of the year. The CC was just plain bad but it seemed like it was about them not the industry.
I listened to the SNDK conference call twice this was very specific to SNDK. This was one of the worst CC's I have heard in awhile. These execs totally blew it and it would appear they knew it, threw the kitchen sink at it knowing the shares would tank and bumped up their share buyback. They said the first half of 2015 is a wash for them. They basically said don't buy our stock now and the CEO apologized at the end. If MU drops big tomorrow I will buy some. This is probably why the shares bounced back to down only about .30 as of now.
This stock may hit $77 tomorrow (I doubt it) only if the analysts don't crush it in the AM. They said nothing good and it was all their own faults. I would guess they thought the company would run itself in a very competitive environment. I kind of believe they may have kitchen-sink'd the quarter to use the buyback at lower levels. The CEO basically apologized at the end of the CC.
This is one of the worst CC I have heard for quite awhile. These execs were asleep during late 2014 now the CEO is basically apologizing right now.
These execs are a disgrace for the way they ran this company during a seasonally strong time of the year. How do you run out of product in Q4?
These guys did you a big favor with this horrible CC. This stock was heading for near $83 if they even said anything good.
Long term or not did you hear the guidance? What were they doing the past few quarters especially with their inventories? These guys absolutely were asleep at the switch. They already tanked the first half of the year with their estimates why should the market trust them for the back end of 2015 after what they did in Q4?
I have heard in a long time this sounds like a wake. What kind of management team makes all these mistakes relating to inventories especially in their seasonally strong part of the year? I got some at $74.50 will add more if it drops again