Comment by
longrun on Jan 10, 2013 10:42am
2012-09-19 BUY Eric Nuttall Liquids rich gas play. Was challenged earlier this year because a lot of their liquids are not oil. Had some good results from their key Cardium play. Still pretty cheap at 4.2-4.3 times cash flow on a 2013 basis. Expects that $4 is fair value.
Comment by
Tikinagan on Jan 10, 2013 11:04am
I did something I very rarely do today and doubled down on April calls. My 4 dollar calls are coffee change now but I bought the 2.50's because they were the lowest strike available. Bit risky but high reward potential if managment sees this as a wake up call. I would imagine they are fielding calls from large shareholders now wondering what they are going to do to rectify this situation.
Comment by
Riskfetish on Jan 10, 2013 11:16am
I'm not sure what the "situation" is... Looks fine to me.
Comment by
Tikinagan on Jan 10, 2013 1:26pm
The situation is that management gave poor guidance in November. Production came in welll under expectations. This shakes confidence and raises quesions, which is what we have seen in the sp today.
Comment by
Riskfetish on Jan 10, 2013 2:18pm
Don't confuse me with the facts.
Comment by
Tikinagan on Jan 10, 2013 3:26pm
Haha; I actually think in the big picture that you are right. I think this is a good company that is doing well. I am long in options and shares. I am not in the least worried about my shares; it's the ticking clock on my options... But that's the risk of buying calls. Caveat Emptor :-)
Comment by
Riskfetish on Jan 10, 2013 3:40pm
Ya it's all good, but I kind of think allot of these energy plays are dead money for awhile. The only way to win is buy when beaten up more than deserved.
Comment by
TornadoTom on Jan 10, 2013 5:36pm
dickfetish/oiltrader, you're batting 0. your wee prediction is wrong. still trying to score cheap shares? Peace.https://www.stockhouse.com/bullboards/messagedetail.aspx?s=WEE&t=LIST&m=31983675&l=0&pd=0&r=0