Post by
deccaman on Jan 28, 2015 10:24am
something strange
in the neighborhood ? can't not quite figure out hwo and why there is such strage trading on this stock? bid side high small transactions , high volume trading well below value?
Comment by
deccaman on Jan 28, 2015 10:29am
we have a current BV of 4.00 plus, there is room to cut dividend even further if ness, we are hedged till mid year ? so even on a fire sale or buy out we would get 2.00 so what is the underline issue for this price deviation ?
Comment by
deccaman on Jan 28, 2015 10:34am
further more? we harvest lite crude? much better value less cost ??? and if we were trading @ 121.5 times BV we would be @ 6.50/share ??? we have insider support with share buying, so what is the problem here ?
Comment by
bigbird456 on Jan 28, 2015 10:45am
This post has been removed in accordance with Community Policy
Comment by
groupguru on Jan 28, 2015 11:00am
US Energy Information Admin. confirms that - reliable data. Not going to help the price of oil - when hedges evaporate then we may likely see some reductions in output - hopefully.
Comment by
ppp on Jan 28, 2015 11:33am
Bird, oil builds should not be a surprise as both WTI and Brent remain in a wide enough contango for storage trades to continue to be added going forward. The rig count is dropping thats what counts
Comment by
groupguru on Jan 28, 2015 11:03am
Reaction to the futures market - stock isn't trading on its own fundamentals. There's lots of good Co., that are currently undervalued due to the bearish market sentiment, BUY BUY BUY, this is where fortunes can be made if you are shrude in your selections.