Time to sell the farm and buy all you can. Never did like those pigs any way. The tractor will be replaced by a BENZ. ZZRRROOoooommmmm.
Sentiment: Strong Buy
I searched yahoo income statements for the last few years the wiped out 100% of the losses the last few years to become profitable this last year. The April 7th release hit the streets as a wind of fresh air blowing green money around
Multiple personality disorder drstone6? Obama saved the system . This is what a great person gets?
Many of these banks and hedges have massive shorts on the industry. Their only hope is to get others to believe them so they can buy back in. The traders are passing out the short term options views. Real investors know to look at the book values and a year out view, These traders get a lot of press with out crazy low views. The more they downgrade and claim doomsday the more I average down. In a year we should be very happy. OIL is getting to low and has only one way to go. It wont and cant stay below cost to make.
3.5 $ in cash and worth a 8 dollar book. I am guessing the out standing shares were in play and this company just doubled its net assets. This is huge and it was worth 8 bucks before the find. this should close over 3 dollars and double again next week.
the Company's Board of Directors has approved a new share repurchase program so they are buying with every body else. This is going up 100% today alone
There comes a time when the stock will have value no matter where oil is. IT is hedge and should not be this low to begin with. The asset value is worth twice what the stock is going for. Its simply over sold by any way you want to value it.
its coming back right now. Many oil stocks took out the 4 day profits in one day. OIL stocks re tested the 2009 oil lows. Its bouncing after we just retested the set bottoms. The oil companies have to many assets to stay down here as in previous sell offs through the years.