zahhaz56 = pump & dumper.
"I know this company from personal dealing, contracts, mineral rights."
Makes the same claim in virtually every post, always claims he's "accumulating" regardless of current price. Can't comprehend why this stock took a 50% dump on historicaly-high volume in just one week.
The Borg are most amused!
Re: " ... if you have the patience to look at my posts in June 2014, you will see that I already repeatedly predicted BK at that time, when the stock was trading above 40$."
Funny you should mention that: I believe it was around June-2014 timeframe when their interest coverage dropped to zero -- always a bad sign.
Angry White Racist, mjs7421, Nascar Strong, Alex, where are you guys? Stone Energy NEEDS you! Just a mere week ago, this message board was loaded with all kinds of chatter, now, silence, crickets. If this keeps up, I'll be forced to converse with my own aliases, not a pretty sight, I assure you.
Maybe Zahhaz could get things rolling tonight with some uplifting stories about his "mineral rights" and SGY's fantastic management -- THAT should be entertaining.
I'm sure Alex_iff made some fantastic trades this week, I'd like to hear all about it.
Maybe mjs will make an appearance and lift our spirits with his expectation of massive short-covering coming any day now. Buy SGYnow and double your money in just 7 days!
C'mon boys and girls lets all pull together and set this board on fire tonight !
Re. "Bonding requirements for Gulf of Mexico drilling and production activities only apply to permits for drilling NEW WELLS ... "
WRONGO, you ignorant twit!!! Read last 8-K filing --
"[BOEM] requires all operators in federal waters to provide financial assurances sufficient to cover the estimated cost of plugging and abandoning wells and decommissioning offshore facilities. "
That means ALL off-shore wells in federal waters. I see NOTHING in that statement showing where the BOEM requirement applies only to new wells.
Re. "In the other words I see no problem with this issue."
Did you call Stone management advising them they have no reason to be concerned? I'm sure they'll be relieved to know! Maybe they'll issue a new 8-K filing stating :
"Day-trader Alex_iff , who posts daily on the Yahoo SGY message board, has hereby declared the BOEM requirement only applies to new wells and, therefore, does not apply to Stone Energy. We hereby retract the 8-K filing of 24-MAR-2016."
Anyone notice how much this guy brags about the number of shares he claims he's buying? Not just once in awhile but all the time! It's like he gets off on it. Why do we need to know how many shares he's trading at any moment? Isn't it enough to simply say, "I bought at x and sold at y for a z% profit"? No, he wants us to know how MUCH money he's made today, like we're all supposed to go "Ooo--o-o-oo, Ahh-h-h-hhh!"
Trust me, folks, this guy ain't makin' those trades, he's a poser, possibly an pump & dumper. Kinda reminds me of another fake trader who used to post here -- mjs7421.
" I'm still in a trading mode with SGY. Just sold 50% 1.16 (almost 100% gain)"
And just mere days ago you told us you were through with SGY. Didn't, you tell us you were getting out of oil all together? But no-o-o-o-o, you not only kept trading, you secretly bought in the 58-cent area for yet another magical ONE HUNDRED PERCENT gain! I kinda figured you'd be back bragging on the next pop. Let me guess, you made 100% on your imaginary 20,000 share position.
"This isn't day trading. This is longs doubling down."
Most of it is short covering & hedge activity due to happy-happy news. More rope-a-dope tactics to sucker in new money. Media morons are doing their Doha happy dance over a POSSIBLE production FREEZE by SA & the Rooskies -- not cuts. This is a pump & dump rumor, NOT an actual agreement, the meeting won't take place for another week.
Note that oil majors & XLE, though trading higher, are trading at near-normal volumes. The high volume action is among smaller stressed-out energy companies like SGY with high short positions. Most of this volume is robo-short-covering transactions, not day-traders and certainly not long investors.
By tonight, everyone will figure out there's a global supply glut that's no going away any time soon and the "freeze", if it occurs at all, will be at historically high production levels for both countries. SA is already pumping near 90% capacity, so they can't really do much more.
SGY is flat busted broke, oil could go to $100 and it's not going to help.
"SGY is not broke ... "
What part of $1.1 billion dollars of debt, no operating cash flow and no interest coverage on their debt do you not understand?
Oil popped above $40, why?
1) Primary reason was a sudden weakness in the U.S. dollar; global oil prices are quoted in dollars -- USD down, oil up -- USD up oil down. Futures markets adjust literally within seconds. High-speed robo-trading algorithms used by big trading houses & hedge funds immediately flood the market with millions of transactions. Open new long positions, cover open short positions, initiate new options hedging positions, currency trades, gold trades, commodity trades, etc.
2) The "big" news about Russia & Saudis agreeing to a production freeze isn't really news at all, they've been hashing this around for some time now. The new spin this time is the Saudis have supposedly claimed they'll go along with a freeze regardless of what Iran does (Iran says they'll increase production). So who's reporting this rumor? Yes, it's all just a RUMOR. A Russian-based news content and data provider called Interfax (they're kinda like Reuter's). That's it, no other source or independent verification thus far. Do we trust a Russian news agency?
Understand that if it happens, this "freeze" will be at the all-time highest production levels for both countries. We've seen this stunt being pulled before, jazz the oil trade right before a "big" OPEC meeting, get everyone's hopes up then -- BOOM -- back to $30.
IMHO: This is yet another gift to get out of SGY before it collapses again, don't eve think of buying this fake rally (unless, of course, you're making imaginary trades to impress others, then it's OK LOL).
"I suppose you think the $385 mil, has already been spent? (on what?)"
Why ask me, go read latest 8-K filing from company! Here, I'll do your DD for you --
"These funds are intended to be used for general corporate purposes."
Are you able to comprehend what "general corporate purposes" means? It means paying the bills to keep the company running a little while longer --THEY'RE USING BORROWED MONEY TO MAINTAIN DAILY OPERATIONS!!!! Good Gawd Oh Mighty, how dense are you?
" ... show me the post I said it."
Of course you never said that, LOL!! I had a suspicion about you and wanted to yank your chain -- and now you confirmed what I had suspected. Borgors & Little Alex are best buds.
"I know Alex for years and he is the most smart trader/investor I have ever met." Funny, you never mentioned that before (at least within the past four months).
OBTW: I've come across numerous posts on SGY & other boards bashing Alex -- i'm not the only one. Seriously, why does such a "brilliant" trader waste his time on Yahoo msg boards? Maybe it's because he likes to brag about his fantasy trades? Day-trading is a SERIOUS, stressful and emotionally draining business. REAL traders don't have time to for posting silly messages & bragging. You do your bragging at the end of the quarter, not hourly.
Imiszczak: " ... good things coming, from most media outlets ..."
All the media reports i've seen thus far were quoting the Interfax article. Can you cite another source? Did someone else say something just today? I search last night for comments from Saudi finance or oil ministers, found nothing new on this topic since late-FEB. Would've thought they'd confirm the Interfax story.
Sorry it took so long to respond, just now found your commentary. Allow me to address some of your concerns:
" I assume you have no involvement in SGY, am I correct ? "
That is correct. However, I traded SGY off & on in the past and made a lot of money as a result, but they were a different company back then. I took another look at them last Fall hoping to repeat my successes (not the failures) of 2011 & 2012, but something was fundamentally wrong with the energy markets and with Stone in particular. It wasn't until I took a closer look at their debt situation that the LED bulb came on, they had zero interest coverage on their debt since around mid-2014. That can happen in a specific quarter, but it kept happening in virtually every Q after that -- BIG RED FLAG.
" ... you would like them to fail, ... "
I really don't care one way or another, I'm not married to this company. And who cares what I think, anyway?
"So why are you here?"
Indeed, sir, why are YOU here? Not that I object to any of your comments, but seriously, what have you brought to the conversation with respect to useful information? Until recently, I freely shared the results of my daily DD work and general surfing for energy-related information and relevant stories and posted these on a regular basis, but received nothing but bashing for my efforts, so I stopped. Apparently some of the cheerleaders here objected to certain negative comments from energy market analysts, comments that cast a shadow on SGY. People bashed me for posting stuff form company 8-K and 10-K SEC filings, for crying out loud!
" ... SGY will survive without you ..."
Do you remember the poster called Cats04_99? He was one of Stones biggest supporters going back to 2009, if not earlier. He made numerous good calls on SGY & other energy companies at that time. But even he decided to pull the plug and conceded BK wasn't too far off.
"you are not only basher but also a son of #$%$ as a person. "
Gosh, I hardly new the guy (gal?). Was it something I said? Me thinks Alex & Boogers may be one of the same. Oh, this is SO much fun! I try to leave this board and they just keep pulling me back.
"Leave Borg alone, he's only a machine and like to play with his nuts."
If you've ever seen Seven-of-Nine, you'd be playing with your nuts as well! We ain't just talkin' about ocular implants here, folks.
Who is victlnr? Who IS this guy/gal? He's a Little Alex fan-boy just like Borgors (boogers?). Here's a little snippet from a fairly recent post :
"There are unfortunately only a few professionals on these boards. One of them alex_iff. I follow his picks for 5-6 years ... "
Well, there you have it, folks -- sounds like another Alex alias. Alex, Borgors & Vic all seem to know each other. Maybe they work for the same brokerage house or from some dingy farmhouse basement somewhere in the Ukraine. Notice the stilted, slightly unpolished English, odd phrasings, etc. OBTW: also totally clueless. Professional traders don't have time to be gabbing on message boards.
Have you noticed English is not Alex's primary language? I'm not talking about poor writing skills per se but weird phrasings, mixed up wording, inappropriate noun / verb agreements, etc. Example: " I even can admit that those multiply alliances owned by the same person e.g. Borg. " I think he was referring to "multiple aliases" , his posts read as if they had been written in a foreign language then run through Google Translator to get English text.
Nascar: "Mr .borg, you and only you have decide to make most people sell, why? "
Make people sell????? Dude, I warned people not to buy this thing in the first place! I believe I've been very consistent on that point. The Doha "news" was the second opportunity in the past few months for bag-holders to dump SGY with a least a shred of dignity, now it looks as if it may be sinking back to the 70-cent area at the very least.
You say "No BK" and "great PR". Huh?? BK is probably 6 months off at earliest, but other things could happen, all of which will be bad for shareholders. First off, the value of their assets will not pay off all of the outstanding debt and if you have no operating assets, then how do you generate cash flow? The company needs CASH FLOW, not more debt on their books.
All the measures they're taking now is only forestalling the inevitable, but management has to try, no one wants to lose their company. All the schemes I've read thus far seem to depend on the near-term recovery of oil prices. I can tell you right now THAT ain't going to happen; nobody is cutting production and tepid increases in demand won't make a dent in the global supply glut.
If by some miracle SGY doesn't go BK, they'll end up being nothing more than a hollowed-out shell company trading on the Pink Sheets for a dime-a-share. When long-time poster Cats99_04 decided to throw in the towel a few weeks ago, you know this company is toast. I followed his posts from 2011-2013, rarely was he ever wrong on SGY and a number of other oil-related stocks.