Goodrich Petroleum Corp. (fka GDPMQ)

[snidely]

I got in at .55, would be nice to get out even. Lucky ones got in at .055 but that was a gamble.

[SingleFile]

SDOC did the same recently with no effect - SP up dramatically - it's not a default (30 day grace) if the restructuring plan goes through and GDP avoids BK. So far so good - tomorrows conference call should be telling - as well as the price for oil. SP could go either way on this - depends how many have the jitters. I thought they would reserve this until the 14th meeting - it's a bit of cat & mouse going on - I'm sure it's all strategy.

[snidely]

How will PPS react?

[davidsson10]

http://finance.yahoo.com/news/goodrich-petroleum-announces-decision-not-110000337.html

[SingleFile]

Thanks - you as well.

[MovedOn]

Best of luck to you. I got a out 1.5 weeks ago and put that money to work in some other O&G high risk low pps stocks (SDOC, PVAH) and they are reaping similar if not higher rewards as of late. I listened to the last conference call and the CEO sounded sincere in trying to save his company/name. That's why I still follow it. I hope it works out for the company and you.

[SingleFile]

Thought I heard / read Mr. Goodrich proclaim a $40 threshold in order for GDP to make a positive turnaround - we are nearing that now (Fri. or prior at 40 is my guess) - with that being said, March 14th news/meeting should be an easy sell to shareholders that continue to holdout - the light at the end of the tunnel is no longer a fast approaching train. Friday afternoon (2PM) oil price will dictate whether I sell or hold - for now I will ride it up to the 50 cent mark (personal prediction only)- so far so good.

[MovedOn]

Why do you say it will go through....just because of the mood in energy/oil switching to being optimistic? Or is there some news or comments in the media saying so?

[SingleFile]

Looks as though the deal will go through as well (March 14/15) - should see 50 cents + by weeks end is my guess - next week who knows ? back over $1 perhaps?

[snidely]

I know oil is up, but what else is? Huge spike in PPS

[snidely]

Up 100%

[VMB-1]

~Still Holding Free Shares here. Wish I held ALL!
GREAT MOVE HERE.

$GOODRICH

[SingleFile]

I got into GDP at 7 cents - so far so good - Sandridge is another hot potato which has a potential class action chasing it as well right now (both GDP and SD are super high risk buys - either could go BK) - GDP seems to be working directly with shareholders (it's a more organized mess) whereas SD seems to be dictating what it will and won't do. Shareholders are kept up to date with GDP (I know exactly what is going on week to week)SD, not so much - not saying SD is not worth a few hundred being plunked down on it - I may take some winnings from GDP and move it to SD(I think GDP will run up until the shareholders meeting on the 14th - after that? ...depends on the news on the 15th) GDP has specific dates I can work with - SD is just floating around aimlessly for now (until the 14th at least, I'll hold GDP and keep a close eye on SD) I've had some lucky breaks recently so anything here is a nice bonus right now.

[SingleFile]

Thanks,,, looking in to it - possible interesting addition so far

[legalizeMJ]

GDPM vs SDOC(It's industry(Oil)comparisons)

1)GDPM and SDOC are Oil and Gas companies.
2)Oil=UP, GDPM and SDOC will go UP with it.

3)GDPM= $0.085 per share.
4)SDOC= $0.066 per share.

SDOC has MORE upside potentials because its pps is the smallest, ONLY $0.066 per share.

[SingleFile]

Yes, it all hinges on the shareholders meeting come the 14th - what I'm reading is a lot of the institutional shareholders are holding out to see the results of that meeting - if they jump on board GDP will have enough (95%) support to move forward with their plan and avoid BK. This is super high risk but the rewards are equally proportionate.

[SingleFile]

Yes, the strategically (or just plain coincidental) planned meeting on the 14th is something I have an eye on - will ride this up until that date and reassess - we should see an announcement on the 15th (regarding many items .. interest due etc.) which will set the tone for the future - I will either jump ship or keep sailing on at that point - thanks for the well wishes. So far I've been lucky at guessing strong recoveries PBIB PHOT WEQ - hoping to add GDP to the list.

[MovedOn]

Best of luck, this company will be announcing a make or break and the break is more likely. They just announced this week that they had to extend their tender offer because they aren't getting enough creditors to buy into their stock reshuffle plan.

Hope it works out. I think this company is too high of a risk and won't be able to make their interest payments on their excessive debt. I'll be following since I got out last week and put my money into HK....turned out to be a wise move.

Straight from there public announcements:

As we have previously advised, if the Exchange Offers are unsuccessful, we may not be able to make our interest payments on our Existing Unsecured Notes, our 8.00% Second Lien Senior Secured Notes due 2018 and our 8.875% Second Lien Senior Secured Notes due 2018, payable on March 15, 2016, at which time we are likely to seek relief under the U.S. Bankruptcy Code. In such an event, we expect that the holders of our Existing Unsecured Notes, shares of Existing Preferred Stock and shares of our Common Stock would likely receive no consideration. To this end, we have engaged Lazard, as restructuring advisor, and Vinson & Elkins L.L.P., as restructuring counsel, and are working on a plan of reorganization that the Company expects to implement if the Exchange Offers are unsuccessful.

[coachvw]

Well, $1 might be overdoing it...I'd be happy with .50!

[SingleFile]

Up 40-50% today, in at 7 cents, watch this climb daily as we close in on 40 $ a barrel next week ... ++ toward july - Also, shareholder meeting on March 14th should have some positive news for shareholders - my guess, close to $1 by months end.

[MovedOn]

It's public information. The company announced it. Can find it on their website, brokerage account or and financial tool like Yahoo finance.

Not looking good and the trading is supporting that, might as well unload today and take my losses.

[EeZieMoneY]

Hey SingleFile where did you get that info?

[SingleFile]

60% success rate so far with a 5 day extension - they need 95% to pull this off, my guess is no go and BR proceedings for March as scheduled - thoughts ??

[SOUTHGAS]

Haven't gotten any yet but I am planning on it before she goes back up.I kinda want to watch it monday.Also seen DVN and Cheasapeak at huge discounts but am leery of Cheasapeak.You have a good en too Single file and good luck.

[SingleFile]

Thanks southgas ... I'll keep an eye out for you - here's to success - I assume you're in for a few shares ...

[SOUTHGAS]

Yea it's a modest run company and soon as the gas prices go up every thing else does in the oil n gas filed.Cycles occur and looking at a l I ng term oil n gas chart will show how this isn't the first time.This price here is a bargain.A lot of the companies got caught off guard by drilling the expensive horizontal wells like here in the Haynsville shell area is my opinion and drilled a little too many before the price dropped so much they had a hard time recouping their expense involved.A lot of those wells gave been choked back but are hard to shut in due to fluids prevalent that can ruin the fracking job.But in the end they will be making so much again that so e will be saying the oil n gas company's are again making too much money lols.They have to get it while the getting good but to pass taxes like our current adminst. Has done only hurt all involved ..Lay offs etc.

[SingleFile]

Just bought in on Friday - treading lightly, (10000 shares max for me)- Goodrich will turn things around by July is my guess. No BR news is a good sign, should of by now if it was on the table.

[SOUTHGAS]

This company has lots of Wells near my home in Shreveport ,La. Can't believe they fell down here..I bet this would be a good long term..

[CashCowMoo]

never looked at this one before. need to do some research. whats the majority feeling about this one here?

[Prime-Time]

This has really hit bottom.. Thinking it'll pull out by March, any one else feeling the same?? $GDPM

[WallWeeD]

I honestly do not think your prediction will ever happen!

[nymostwanted]

Lots of buying here today...nice $1 by summer ..

[moneytoe]

I know right, everyone looks at me funny when I say I wish gas would go up

[IloveTransformers1984]

I kinda have mix emotions about that. I also am enjoying the low gas prices. ...I want my cake and eat it too.

[moneytoe]

Hang in there , at .077 now. I think we will see .10 by Monday if opec releases a PR. If opec cuts we should see $45/bbl and we can stay out of the red at that price

[IloveTransformers1984]

Weeeeeeee. Didn't think I'd see 7s anytime soon. ...bought in at .07 only to see it drop to 5s ....glad I didn't sell for the loss!!!!

[moneytoe]

I'm jumping in at .059, hopefully opec will cut production soon and prices will return to normal, or at least more normal. They say low prices cure low prices

[reggiewag]

Anyone own preferreds here?? At least they're doing something

[notagain1]

Ty

[notagain1]

What do you think of the recent filing from after hours yesterday on this?

[VMB-1]

~Tender Offer /Conversion of "Series B C D E" Into "Newly Issued" Commons @ .20 P/S..If I'm Reading this Accurately....?

[Nickrodomus]

No idea man, but I'm at around .51. Just hold and hope oil swells back to 60-70 a barrel and all these companies will be fine once again and we'll all reap the benefits. Or.... Oil can stay low and we all become bag holders of a bankrupt company, but if any industry was built to withstand a huge recession like this, it was the oil companies rakeing in huge profit before this.

[EeZieMoneY]

Averaged down to .71 today. Hope everyone is doing better than I am in this stock. Anyone have experience with a stock being delisted and eventually getting back in the nyse? Or am I doomed?

[PAC]

GDPM .096 no major vol but delisted oil name trending up

[VMB-1]

$GDPM - THINNING Out Here.......$$$$

[reggiewag]

No more hedges..They have enough $$ for maybe 6 months. #11 could happen here but Gdp has been around for 35 years.cannot imagine them being wiped out..They have been through this in hge 80's 98, 2003 and 2008...

[reggiewag]

Gdp gpd gdpc all listed kn nyse..Booted off for being under 15 mil mrk.cap and gdp trading .@15..If they were listed on.nasdaq they would still be there as guideline are different

[nymostwanted]

Maybe we have a stock split? I figure that may be good timing if oil heads up now.. Maybe I am wrong..

[VMB-1]

~In PPS, Its certainty not "shutting down" or insolvent. They saved another 5mill by delisting off the nasdaq. They have a Significant amount of Very Valuable Shale Assets as well to weather a storm.

~Maybe another Oil Tycoon will Bail or Buy them Out.

[OTCWealth101]

To where?