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AGREED!! Reversal is in and gaining traction IMHO. $KEGX
Def solid accumulation in the .15 range, HUGE bids showing up all day swallowing up shares $KEGX
$KEGX is on the move for sure, OTC traders are catching on it seems
Undeniable accumulation today, a nice move has begun IMO $KEGX
$KEGX can't wait to see what tomorrow's action brings
$KEGX up as much as 35% today on impressive volume
From the looks if it, might be some good news on the way $KEGX
$KEGX this is the kind of trading day I've been waiting for here
Volume way up almost double 10 day average, something is brewing $KEGX
exactly ! deadline with lenders on Dec 6
KEGX on close watch ! trying to reach deal with lenders
https://www.otcmarkets.com/stock/KEGX/news/story?e&id=1466972
forbearance agreements till Dec 6
Good for cheap shares I guess .12/.13/etc
KEG changed to KEGX. Delisted from the NYSE to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
How is this still trading on NYSE?
Chart says this stock is trash, yes?
* * $KEG Video Chart 06-29-2019 * *
Link to Video - click here to watch the technical chart video
* * $KEG Video Chart 04-22-2019 * *
Link to Video - click here to watch the technical chart video
Maybe increase in price is short covering.
Shorts hold a good position here and have made a ton of money shorting this for the past 3 years. going to hang in and keep buying as long as the volume is there.
50% of KEG is owned by institutions.
22% of the Float is Short. That may be changing with all of this buying.
This is my #1 stock in my portfolio.
I actually sold some shares last week, assuming that this would be a quick hit and I should take the money and run. I wish I had those 8K shares now. I started buying less than $2 just 2-3 weeks ago.
Another UP day today? Premarket $5.14.
Wish I could understand why this is going up. But, as long as it goes up, I'm the #1 fan.
Every day, I buy 300 - 500 shares.
And, every day, this keeps moving on up. Now that we are $5, margin will allow me to buy more with less money. I guess the analysts are not up to date with how well the company is doing.
Looks like it will open UP.
Let's see what happens over the next 2-3 months. Being NYSE, this could move nicely north without any warnings.
The analysts rate this as reduce or sell.
I'm not sure why the major upticks, but I'm glad. I benefited. If anyone can get some updated DD, that would be great.
Nice upticks yesterday and today.
Hopefully, this continues all thew way to $10.
Easy 5+ bagger imo. Last week and this week excellent entry point
What a steal at these prices! This could easily be a 5 bagger in the very near future
$KEG surges ~15% after a board member discloses the purchase of 25K shares, increasing his personal equity stake by more than 6x.
Scott Vogel paid $9/share, or $225K overall, as KEG holdings increased to nearly 29K shares, according to an SEC filing last night.
KEG shares have slumped 15% over the past month and 68% YTD.
Day two of post-earnings losses for Key Energy
In its first full quarter since emerging from bankruptcy, Key Energy (KEG -6%) on Wednesday night reported adjusted EBTIDA of negative $11M, and adjusted pretax loss of $39.7M or $1.97 per share.
Rig services revenue of $60.3M was down 2.4% from Q4; fluid management services revenue of $17.9M down 0.5%; coiled tubing services revenue of $5.3M down 30.3%; fishing and rental services revenue of $15.9M up 5.8%.
International revenue of $2.1M down 64.8%.
Excluding activity put off by a large customer in CA thanks to heavy rains, rig services revenue was up 8% from Q4.
Management is seeing increases in activity and additional traction on discount recovery thus far in Q2. The company expects to see Q2 revenue growth of 10% with strong incremental margins.
Previously: Key Energy Services EPS of -$2.33 (May 10)
Silver Point Capital Reports 6.7% Stake In Key Energy Services Inc (KEG)
http://www.insidermonkey.com/blog/silver-point-capital-reports-6-7-stake-in-key-energy-services-inc-keg-513394/?yptr=yahoo
Key Energy Services Inc (KEG): Billionaire George Soros’ Family Office Reports 9.09% Stake
http://www.insidermonkey.com/blog/key-energy-services-inc-keg-billionaire-george-soros-family-office-reports-9-09-stake-513025/
Great to hear. We got a 52wk high close on Friday so there's no telling what could happen next week and onwards.
Yes I'm invested in Key, got in early after KEY emerged from BK and will hold Key for an Energy Service Growth stock.
The future looks VERY bright from what I can see and by what I have been told!
Key has many wells to work on, just need employees who want to work'
That's great news! What a fortuitious time it is for them to be emerging from bankrupcty. Do you have a position here, if you don't mind me asking?
The oilfield service business (which Key provides)is picking up here in South Texas. The old wells are coming back into production now with the Oil prices above $50
I will post more pictures of Key work over rigs on location in the field soon!
Went long today on the blue sky breakout. I'm thinking it picks up Tuesday provided oil futures hold up?
The KEGXQ shares were cancelled so the .13 PPS today is irrelevant.
In Octobers 10Q the company had 160 million Outstanding Shares. Those shares are now cancelled. Now the company will open on the NYSE with 100 million NEW shares and shareholders of the KEGXQ shares will now get .0051 of a NEW KEG share for every KEGXQ share owned.
So, if a shareholder owned 100,000 KEGXQ shares they will now own 510 KEG shares. Whatever KEG shares will be worth will be determined by the market but I'm confident the PPS will be in multiple dollars, not cents.
Read these filings posted today to learn more:
https://www.sec.gov/Archives/edgar/data/318996/000119312516794463/d288210d8a12b.htm
Exhibit 3.1
https://www.sec.gov/Archives/edgar/data/318996/000119312516794463/d288210dex31.htm
Exhibit 3.2:
https://www.sec.gov/Archives/edgar/data/318996/000119312516794463/d288210dex32.htm
Exhibit 10.1:
https://www.sec.gov/Archives/edgar/data/318996/000119312516794463/d288210dex101.htm
Those who owned today at .13 get what tomorrow?
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