The unions screwed up, they trusted Obama.
Obama only cares about Obama. Other than a few Marxist pals of his, the guy is a real cold fish loner type and has no real deep base of friends to speak of inside the party.
I know that! Look at LNG. I know it doesn't make any economic sense, (I'm betting on DVN, APA and XCO). I am just saying that within days or weeks, on some late Friday afternoon, right before he flies off to go on his summer vacation Obama is going make a public announcement on Keystone and BTU investors are going find out just where the bottom is.
Sentiment: Strong Sell
Hundreds of smaller, older coal burning plants are being forced to shut down now. Utilities are placing their investments in brand new gas turban engines to generate electricity rather than newer larger coal burning plants regardless of current gas/coal prices. They don't need or want anymore EPA regulations. Obama is allowing fracking to go on and allow Keystone to be built as a trade off and his offset ends the building of anymore new coal burning power plants. BTU shareholders pay the price.
Sentiment: Strong Sell
I hate to say it, but with new pending EPA regulations which increases their cost to burn coal around 15%. The bottom is still not in. Next support is down all the way to $10. Show me a real bottom and I'll gladly jump in. I lost my shirt on WLT and all the others. Seriously, Obama is determined to kill the coal industry before he leaves office bypassing congress and using his EPA to force utilities away from coal..
Sentiment: Strong Sell
Any day Obama is going to agree to Keystone pipeline, but is going to completely kill the coal industry with higher carbon taxes in order to make the environmentalists somewhat happy.
Sentiment: Strong Sell
I think central Appalachian coal companies are screwed. Powder River Basin, IL Basin and Australia will do alright. If we start exporting more LNG and have a new EPA in 2016 the coal industry will be saved ... and I'll be very rich.
As coal inventories get worked off and nat. gas prices rise, higher electrical loads from coal will be needed assuming we get a normal cooling and heating season. I think we get a nice run up until this October when all the winter heating contracts will have been signed and the coal price peaks for the remainder of the year.
Sentiment: Strong Buy
They are too busy watching the US Open or down in Palm Beach with Muffy and Buffy.
Sentiment: Strong Buy
Maybe someone from the Peoples Republic of China can teach that jug eared punk in the White House the benefits of American capitalism.
Living under this Obama regime is like living in a Pol Pot Cambodian Communist Party death camp. Eventually we will be free if we can just stick together and hold on a day longer.
Sentiment: Strong Buy
Question: Does the Obama administration have any problem letting Chinese come in and buy American coal companies to export US coal back to Asia? Has there been any new foreign buyers lately?
The Dow is down 100 points and CAT couldn't care less
But no.....you wouldn't listen. SD going to $4
What's is SD going to do once the market makes up coming correction? If QE3 did absolutely nothing to boost the share price of SD (not to mention the Green Card victory) for the last few months, why in the world would Wall Street comeback in and buy Sandridge after the S&P makes a 5%~7% correction? Why would hedge funds want to go dumpster diving for worthless junk when they can buy reasonably priced high quality stocks in a few weeks?
Remember this scene from National Lampoon's Vacation?
Clark Griswald:" Ed, I'm not your average everyday fool. Now I want my blue sports wagon and if you can't get it I'm gonna take my business elsewhere! Where's my old car?
Ed, the car salesman: I'm just as upset as you are, believe me. Davenport! Get Mr. Griswald's car back and bring it back here! Now I can get you the wagon, there's not problem there. The problem is that it might take six weeks. Now, I owe it to myself to tell you that if you're taking the whole tribe cross-country, the Wagon Queen Family Truckster... You think you hate it now, wait 'til you drive it".
This is exactly what you were waiting for. From a high P/E ratio of 30 at the time of the green card victory down to a low P/E of 27.84 SD now is considered a cheap value stock that even Warren Buffett would love to own.
lol At the current low end target price of $1 SD would still be too risky. I'll leave you people to your selves now. Happy Easter
love
Willy
Well...obviously the market has considered all that and yet Wall street is still shorting and selling the stock. Five minutes after the breaking news that Ward had caved should have told you everything you needed to know about the future of SD. Don't kid yourself, this time it's not different. In the end it's all about the debt and the assets.
You idiots think that it's all just some big conspiracy by a hidden evil forces feverishly working and lurking around to drive out the tiny two bit nickel and dime retail investors like you?. Get real people! If SD was worth anything at all the stock price would have reflected that a very very long time ago. Look at the 5 year chart, you will notice that no one is really stepping in to buy SD are they? Do you really think that you are right while the entire market is totally wrong?
Heck, maybe, just maybe, there is a very good reason why the 5 years chart moves lower and lower from the left to the right hand side for a very good reason. In the real world you get what you pay for period! TPG and Leon Cooperman didn't look before they jumped. lol They thought they were being cute and they will pay dearly for that mistake.
Where on the chart does it reflect the fact of the recent news that the Mississippian is now a known fact to be more gassy than oily? Nor does the chart price in the loss of the only cash cow asset SD had which was the Permian basin fields that luckily has kept SD from filing for bankruptcy years ago.
Jeez, wise up!
No one need paying to bash SD. Sure, blame everyone except yourself. Face it you idiot, you screwed up. You got greedy thinking you could make a killing here on the backs of TGP without first checking to learn if the Mississippian was any good. You deserve everything you're going to get you stupid dope!
Sentiment: Strong Sell