The short squeeze seems to be in full swing now. Every small drop in price is met with buying. It will be short term over bought at $15, but that will only be a little stop on the way back to $20 plus......not too late to buy!
Honestly, I think it's a matter of time before this explodes. All the recent news coverage, charts, dividend announcement and massive block buys tells the story. Hope you are lucky enough to get in before this takes off. Today's dividend announcement makes this stock an even more buy opportunity in my opinion. GLTA.
The short covering on CRZO is started in the last week IMO. The smart shorts are covering now and the ones the stay at the party will only loose more and more of their money. Unless the price of oil falls thru the floor CRZO will be over $20 by years end.
Today this stock will take off!!
The last time CRZO did something like this it blew up. This is so frustrating trying to find trade ideas. I've subscribed to some email newsletters which helps me with new stock ideas. awe-some*sto-cks is the one i like best.
Not too late to buy CRZO.....short covering the last 5 trading days will continue.
buy oil rally underway
opec is going under shale won big oil going 80.00
crzo can go as high as 52.00$ if oil move it to 80 per berl
Glad I loaded up yesterday....been watching this stock for 5 years.....where all the naysayers now...I told many to watch and buy...but since I do not sit at a fancy desk at an office no one listened ...except me!!
These insiders are not just buying all of these shares for their health. They know a lot more about CRZO than the shorts. CRZO sold down to crazy levels IMO. Big time short covering the last 2 days.
huge manipulation takes place with majority of oil and commodity stocks. An average oil stock trades as low as 2 times less vs. their price when oil was in $49 range both on way down in 2015 and up in 2016. Same for gold/silver/iron ore/steel/etc. stocks. I feel we will get 100%+ "unexpected" rally something in October-November to match price of commodities.
If we get any type of meaningful down draft in the price of WTI
single digits are not out of the question for CRZO
good point to start loading up.
"Analyst Actions: Mizuho Securities Downgrades Carrizo Oil & Gas to Neutral from Buy with $47 PT".
Wow, there's a discrepancy if I ever saw one.
This is an amazing overreaction (or manipulation) to a temporary delay in production due to Harvey. No assets were damaged. I am buying as many shares as I can at these levels.
The market is saying loud and clear that CRZO is unsustainable with its current balance sheet. The market knows that consensus EPS going forward will have to be cut by nearly one third. Why? Because CRZO has nearly $300 million in newly listed Niobrara acreage on the market (in addition to Utica). RBC is the agent. Once sold, balance sheet will be cleaned up, EPS will be readjusted, and institutions will once again step back in. Until estimates are adjusted lower to reflect asset sale, big boys WON'T touch this thing.
What is the PT he assigned? I'm guessing $47 was a typo but didn't see any corrections. "Analyst Actions: Mizuho Securities Downgrades Carrizo Oil & Gas to Neutral from Buy with $47 PT".