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WTI has been higher than this during the previous 30 days
I've refrained from commenting due to not wanting to sound like I am talking down to fellow investors or attempting to act as I know it all but, you obviously don't understand the price of oil and its direct reflection upon stock price of this particular hold.
Oil (WTI mainly) has a turnaround time of close to a month. That is saying that oil barreled today has close to a 30 day pipeline of which it must travel before it is made available to the consumer market. This pipeline can sometimes be much much longer depending the over or under abundance of crude currently held in reserve. That being said, the oil that is pumped today, at this particular price, will not be reflected directly into the price of the companies doing the pumping for some time. If you are trying to base this companies stock price as a direct reflection of oil you are playing a guessing game. Yes, this particular company and ones like it, EXX*, H* and others, are absolutely influenced directly by the price of WTI/crude. But that is certainly not the only factor influencing what we are currently seeing today on the ticker.
Just my little tid bit for today. Btw.. I have been in and out of GDP now for well over 2 years. This company will surprise you when it's least expected. This company has recently liquidated many assets attempting to survive the current downtrend however the company still has plenty of assets remaining and leveraged well through 2016. If, and that's a bit "if", GDP can hold strong until we have a reversal in current oil prices then there will be plenty of benefits to reap as investors. However, oil price is controlled by much larger hands than we are willing to admit and only when they decide it's time to drive the price back will the price run. IMO.
Hope this helped a little.
Yeah what gives? What is going on with this stock?
That 88 cents thing was very strange.
So much for that
Very nice, thanks.
Will be above $1+++
https://www.americanbulls.com/m/SignalPage.aspx?lang=en&Ticker=GDP
things are looking good for Monday
most people are betting we will go up on Monday..here is the article
http://www.cnbc.com/2015/08/14/this-strange-event-could-send-crude-oil-soaring.html
and this might be the catalyst for that push
http://www.cnbc.com/2015/08/14/us-approves-landmark-crude-oil-export-swaps-with-mexico.html
ec
The squeeze will be huge if this goes over 1.00. Over 30% short interest on a reasonable float.
Hope i am right. based on so many things here...
- price taget .70 - 1.30.
- Conference on Aug 17.
- sell Chunk of Eagle Ford 118 million that company plans to pay off its bank etc...
- planning updates on June 22
will complete TMS wells from mid July thr early September.
Thanks
I feel the tension mounting here. Added 4 times on dips this AM. Avg at ~.92 let's go!
We are getting real close to a PPS explosion.
BIG ASK BUYS JUST KILLED .91 WALL!
Stock has stabilized. Look for continued upward movement.
Based on what?
Short interest of 31% as of 7.31.15.
Similar to that of CRK that had quite the squeeze today.
Looking at getting a starter in here tomorrow. Haven't started much DD. Can anyone give a quick rundown?
Looks like big news may be on horizon.
GREEN green up 14.73%
Volume is under Mi but great trade
$power hour$
Signal BUY $GDP$
https://www.americanbulls.com/m/SignalPage.aspx?lang=en&Ticker=GDP
$GDP Very Good News Today. Lit The Fire a Bit Today.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116133441&txt2find=GDP
Red everywhere but we are looking solid! Getting ready for BIG MOVE!
We have a silly low market cap. This things got to pop and pop big soon. We should be trading at least a few bucks. Will be over a dollar this week imo.
Getting real close to exploding over a buck!
I started loading small Friday. This hit 0.88 at one point a long time ago and also $80 after.
Nice to see multiple analysts over the past week projecting short mid term PT of $1.00 to $5.00. And that's with oil stagnant. If a issue arises in world and oil spikes we could see much higher.
I agree. No reason to have such a low MC here. Over a buck next week.
Anyone read Q? Can't look until this evening.
News Release Issued: Aug 6, 2015 (3:15pm CDT)
To view this release online and get more information about Goodrich Petroleum visit: http://goodrichpetroleum.investorroom.com/index.php?s=43&item=500
Goodrich Petroleum To Present At Upcoming Conference
HOUSTON, Aug. 6, 2015 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) today announced the Company's management team will present at EnerCom's The Oil & Gas Conference 20 at the Westin Downtown Denver Hotel located at 1672 Lawrence Street in Denver, Colorado on Monday, August 17, 2015 at 2:20 PM MT. The presentation will be webcast through the following link: http://www.oilandgas360.com/togc-webcast/gdp/
A copy of the latest corporate presentation will be available on the Company's website at www.goodrichpetroleum.com.
Goodrich Petroleum Corporation is an independent oil and natural gas exploration and production company listed on the New York Stock Exchange.
SOURCE Goodrich Petroleum Corporation
For further information: Robert C. Turnham, President; Jan L. Schott, Chief Financial Officer; +1-713-780-9494.
To unsubscribe or change your settings click here:
http://goodrichpetroleum.investorroom.com/index.php?s=subscribe&code=EdWCkPMCOJ0DBTclyc0wSvz0LjNzoj6G
Goodrich Petroleum To Present At Upcoming Conference
HOUSTON, Aug. 6, 2015 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) today announced the Company's management team will present at EnerCom's The Oil & Gas Conference 20 at the Westin Downtown Denver Hotel located at 1672 Lawrence Street in Denver, Colorado on Monday, August 17, 2015 at 2:20 PM MT. The presentation will be webcast through the following link: http://www.oilandgas360.com/togc-webcast/gdp/
A copy of the latest corporate presentation will be available on the Company's website at www.goodrichpetroleum.com.
Goodrich Petroleum Corporation is an independent oil and natural gas exploration and production company listed on the New York Stock Exchange.
SOURCE Goodrich Petroleum Corporation
http://www.prnewswire.com/news-releases/goodrich-petroleum-to-present-at-upcoming-conference-300125015.html
Goodrich Petroleum Corp. (NYSE:GDP) SEC Filing Alert
The following document for Goodrich Petroleum Corp. (NYSE:GDP) was filed with the U.S. Securities and Exchange Commission.
SEC Form 10-Q filed on August 6, 2015
View all SEC filings for Goodrich Petroleum Corp. (NYSE:GDP)
Get more information about Goodrich Petroleum Corp. (NYSE:GDP)
Looking solid. Moving up now nicely. Stock has found its bottom it seems.
Hope you are right. Bought over 100,000 shares last yesterday and all this morning. I backed the truck. I'm fully loaded.
Hold level for crude oil is 43$ last March. Maybe we will see a lift.
you will make good money if you just hold few months.
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Goodrich Petroleum Corporation is an independent oil and gas company engaged in the exploration, exploitation, development and production of oil and natural gas properties primarily in the Cotton Valley Trend of East Texas and Northwest Louisiana and in the transition zone of South Louisiana. The Company owns working interests in 233 active oil and gas wells located in 25 fields in Louisiana, Texas and Michigan. As of December 31, 2006, Goodrich had estimated proved reserves of approximately 187 billion cubic feet (Bcf) of natural gas and 3.2 million barrels (MMBbls) of oil and condensate, or an aggregate of 206.2 billion cubic feet of natural gas equivalent (Bcfe).
http://www.goodrichpetroleum.com/
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