QEP Resources Inc (QEP)

[Diversified]

Nice discount today. Grabbing a few more.

[Hercules1]

$QEP:

That earnings report is out of this world.

How the hell do you beat the street estimates by 2000 percent.


This stock is going to skyrocket.

[TRCPA]

I think we will have an end of the day runup into the weekend, as oil prices rise due to lowered production and increasing demand beginning today.....in conjunction with the stunningly good earnings report for Q1.

[Beefhouse]

And it will keep rising. This should turn into another green day for oil close to or at open.

[TRCPA]

Great sign.....WTI rebounding again after dipping overnight, now at $20+/barrel and moving.

[Hercules1]

$QEP:




https://markets.businessinsider.com/commodities/news/oil-price-buy-energy-stocks-why-goldman-lists-reasons-plunge-2020-4-1029139451

[Hercules1]

$QEP:


oil bouncing back in a big way.


https://oilprice.com/oil-price-charts

[doumdirty]

Oil over 20 now.

[Beefhouse]

Looking good for $2 tomorrow

[Hercules1]

$QEP:

It was a great day for us.

I think tomorrow will be even better.

[TRCPA]

Like just about all of the other oil companies, this was heavily shorted in March when production was high and demand had dropped to next to nothing.

Now we have an entirely new picture starting to form. And this particular company beat Q1 expectations by a mile in the face of all of that prior negativity.

Some are stubbornly hanging onto old news. But this is just the beginning, as the economy re-opens and the price of oil starts to return to something approaching normalcy.

[doumdirty]

Seems like alot of sideways trading

[Hercules1]

$QEP:


https://markets.businessinsider.com/commodities


scroll down a little to where it says: top commodities performers.



this is going to continue due to huge surge in demand for oil and gas.



and then company does its part: produces an earnings report that bests the street estimate by 2000%.


this is going to be a fun ride.


QEP is probably your top performer of the year in the oil and gas arena.


very well run and managed company.


has a robust balance sheet with $71 million in cash and oil prospects improving by the minute as the global economy starts to reopen.

[ClayTrader]

* * $QEP Video Chart 04-30-2020 * *

Link to Video - click here to watch the technical chart video

[rhainswo]

Yep oil just gone over 19 there too so if that keeps going this will run tommorow

[TRCPA]

Great day. Tomorrow should retest $1.20+. Price of oil rising steadily with economy starting to re-open tomorrow.

[rhainswo]

Yep and after that earnings report best oil and gas play out there atm countries starting to open back up and oil has bottomed out imho also 50 million volume day here tells the story well done longs patience is a virtue alot of money to be made here

[doumdirty]

Oil almost to 19 now

[rhainswo]

You did well can't see it staying under the buck for long

[SurgeGuy2.0]

Sold first thing in the morning for $1.20, might look for re-entry here soon.

[Hercules1]

$QEP:


yesterday's close was .718.



so we are moving in the right direction.


this is the mother of all earnings reports:


QEP Resources (NYSE:QEP) reported quarterly earnings of $0.210 per share which beat the analyst consensus estimate of $0.010 by 2000 percent. This is a 40 percent increase over earnings of $0.150 per share from the same period last year.



how the hell do you beat the street estimates by 2000%.




so you know where this stock is going.

trajectory here is north.



I continue to accumulate this stock.

[Diversified]

Looking for that $1.02 break.

[rhainswo]

Agreed

[Hercules1]

$QEP:

Agreed.

Multi dollars here next week if not tomorrow morning.


I think this stock is going to hit $4.50 in 2-3 weeks.

[TheGuy87]

Multi dollars soon

[Hercules1]

$QEP:




this stock is getting ready to blow up sky high.


it is going to go parabolic in a quantum leap.

every single indication under the sun says that this is one hell of a buy at these prices.



https://markets.businessinsider.com/commodities/news/oil-price-buy-energy-stocks-why-goldman-lists-reasons-plunge-2020-4-1029139451

[Hercules1]

$QEP:



UBS: Oil prices will spike 115% by the end of 2020 in a dramatic reversal of the current crisis (UBS)

[Hercules1]

$QEP:


perfect storm here bro.



we are all trying to snag a few more shares.



shorts continue to dig a deeper hole for themselves here.



this is going to end up being the mother of all short squeezes here.



now watch the company get a buyout offer they cant refuse.


stock is already worth around $4.50.



this earnings report proved that:


QEP Resources (NYSE:QEP) reported quarterly earnings of $0.210 per share which beat the analyst consensus estimate of $0.010 by 2000 percent. This is a 40 percent increase over earnings of $0.150 per share from the same period last year.


I mean how the hell do you best the street estimate by 2000%.





this stock will run for weeks.

[Hercules1]

$QEP:


well done.



lot of us have been accumulating this stock.



this is probably the oil and gas stock of the year.



QEP Resources (NYSE:QEP) reported quarterly earnings of $0.210 per share which beat the analyst consensus estimate of $0.010 by 2000 percent.

This is a 40 percent increase over earnings of $0.150 per share from the same period last year.




way the bloody hell undervalued here.


anything under $2 is an absolute gift.

[Hercules1]

$QEP:



I added 3 times today.



anything under $2 is an absolute steal. it is like a free gift.



this is the quickest 300% to 400% you will ever make here.


I am expecting this stock to hit $4 to $4.50 in a week or two.


time to kick back and relax and enjoy the sensational ride.

[Diversified]

Snagged 7,000!

[rhainswo]

Totally agree that's why I just bought aload more under the buck happy days just going to sit back and enjoy the ride now

[TRCPA]

If they want me to keep buying this under a dollar, I will accommodate them gladly.

I foresee a big end of the day run tomorrow, heading into the weekend.

[Hercules1]

$QEP:



agreed.


shorts are throwing everything they have at it because they are desperate as hell.


but no way in hell can anyone keep this stock down for long now.

because of this:


QEP Resources (NYSE:QEP) reported quarterly earnings of $0.210 per share which beat the analyst consensus estimate of $0.010 by 2000 percent. This is a 40 percent increase over earnings of $0.150 per share from the same period last year.




and because of skyrocketing oil and gas prices


and because or global economy reopening

and because of:

1. OPEC production cuts on Friday
2. Canadian oil producers cutting back production
3. Brazilian oil producers cutting back production
4. surging demand for oil in China
5. Trump looking to help out oil companies


shorts are doomed here. this stock will seek its true intrinsic value which is $4.50 right now.



so $4 to $4.50 is near term target in my estimation.


everybody got the oil picture wrong.

now the best minds in the oil field/arena say that oil price will jump 115% this year alone.

[TRCPA]

This stock was over $2 before the economy shut down, and at the time it was showing a loss from the prior year, while production remained high.

Now we are showing significant quarterly profits, while supply has dropped and will continue. And demand will start building again tomorrow.

The price of oil is climbing, and there will likely to be federal help coming.

This is the play of the year.

[TRCPA]

It wont and cant possibly last. They are trying to get out gracefully, but that's almost impossible.

[Beefhouse]

Shorts are keeping this down for the time being it looks like

[Hercules1]

$QEP:

near term target: $4 to $4.50.



QEP Resources (NYSE:QEP) reported quarterly earnings of $0.210 per share which beat the analyst consensus estimate of $0.010 by 2000 percent.


This is a 40 percent increase over earnings of $0.150 per share from the same period last year.

[rhainswo]

Hod on the way soon

[Hercules1]

$QEP:



agreed.

this stock is getting ready for a parabolic quantum leap.



what an awesome ride this is going to be.

[rhainswo]

Yep this will go nuts altogether think it's going to go nuts anyway next leg on the way Soon

[Hercules1]

$QEP:



I think this is going to close around $1.75 today.



can you imagine if this company gets a buyout offer tomorrow.



I am hearing that large oil companies are starting to look at buyout candidates.

[rhainswo]

There she's goes ain't never going under a dollar again can I get a whoop whoop lol

[rhainswo]

There she's goes ain't never going under a dollar again can I get a whoop whoop lol

[Hercules1]

$QEP:

Shorts keep digging themselves a deeper hole.

This is going to $3 to $4 next week.

Start covering.


Company has spoken:

True intrinsic value of this stock is $4.50 right now.

But with stock in high demand this can top $5 in the near term.

[Gadzeno]

Wow that 100k wall just got eaten up

[Hercules1]

$QEP:

Great post. 100 percent spot on.

Fantastic setup for us.

We needed this perfect storm.

Now all the stars are lined up perfectly.


And the company did its part:


They blew away the estimates by 2000 percent.


Street will take notice of this company in the coming days.

[rhainswo]

Yea this for a dollar is an absolute steel waiting for more money to hit account to buy more well done longs patience this is only going 1 way and that's for a while looks like we caught the bottom of the oil too perfect timing

[TRCPA]

Its perhaps the best setup for the short, medium, and long term that I have seen in a long, long time.

After some really tough breaks, the stars have now aligned in perfect fashion.

[Hercules1]

$QEP:



we got a perfect storm here bro:


https://markets.businessinsider.com/commodities




this is one hell of a scenario for this stock:


beat the street estimates by 2000%.

produce a rock solid balance sheet with over $71 million in cash

reduce debt

reduce costs


OPEC production cuts on Friday

Canadian oil producers cutting back

Brazilian oil producer cutting back

Trump willing to help out oil companies

demand for oil skyrocketing in China as it reopens its economy


oil and gas prices starting to skyrocket.



shorts are going to get killed here unless they start covering now.