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$QEP:
these community bargain days will soon come to an end and this stock will be well north of $2.
$QEP:
oil is green everywhere.
https://oilprice.com/oil-price-charts
global economy is reopening everywhere.
QEP is best in class:
we all saw the earnings report. they blew away the street estimates by 2000%.
they have a very strong balance sheet with over $71 million in cash
they have substantial and significant institutional ownership.
this stock is absolutely golden.
those with nice size positions and with a little bit of patience will make a killing here.
today is just a great day to accumulate this stock.
This should head North rest of the week. Let’s break new recent highs. I didn’t set any stop losses here. It trades crazy, but I also think at the end we will be much much higher here.
$QEP:
load all boats with confidence.
this is one oil and gas stock is that is going to pay off big.
how the bloody hell can you refute these numbers:
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.
these buying opportunities will vanish soon and you will have to pay around $3 to get in.
$QEP:
with the whole world reopening fast, oil prices can only go up now.
and then you throw in OPEC production cuts
Canadian production cuts
Brazilian production cuts
what that means is that oil can really spike up fast.
and we have the best in class company here in QEP.
and with this kind of earnings report this stock should be trading around $5.
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.
better grab all the shares you can because clearly this is not staying down much longer.
can you just imagine the next earnings report. they are likely to destroy the street estimates again easily.
QEP has top flight CEO and top flight strategic planning.
quite simply put QEP is best in class.
Oil jumping. Maybe draw across the boards after the weekend imo
$QEP:
I hear ya bro.
I want more shares too.
we all know where this stock is going.
oil futures are starting to spike now.
oil prices will bounce back in a very big way.
economies all over the globe starting to reopen.
Spain and South Korea are reopening.
China has reopened and is seeing a huge surge in demand for oil.
Me too.. pretty insane. The weekend the roads were packed and boats on the water???
I wish I had more money for these ridiculous dips
Sorry don't mind me that was qes lol
What do you make of that merger with klx energy ???
$QEP:
I have been accumulating for weeks.
You buy the weakness.
You load up when the rest are running.
That is how you get the bargains.
This stock is a massively strong buy at these prices.
Anything under $2 is a gift.
A little late, of course, but Goldman nailed it here.
I'm in at .55 and added at .81. Looking really good here.
$FET and $HPR going to be the next ones in line
$QEP:
for the newcomers here, check these numbers out:
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.
Nice article
$QEP:
32 out of 50 states are reopening.
Chinese economy has reopened already. there is massive pent up demand for oil there.
almost all of the global economies are reopening.
https://www.msn.com/en-us/money/markets/global-oil-demand-starts-a-long-painful-and-uncertain-recovery/ar-BB13xfsJ?ocid=spartandhp
QEP is one hell of a buy for the next several week. that is right. it is going to run for months.
it is extremely undervalued. it should be trading around $4.50 to $5.
just look at the earnings report they just produced:
they beat the street estimates by 2000%.
they also have significant institutional ownership. those fund managers know what they are doing.
Just think of all the kids that have a license and are getting a 9 month summer. They gonna pull in some demand.imo
When is cpe ereport or did they have it already
100 percent agreed delighted with how it held up considering last couple of days we had and a bad day in the market today looking forward to next week
This and CPE should both hit $2 next week. Have a nice chunk of both.
$QEP:
stock held up well under relentless pressure from the shorts and the flippers.
next week is our week.
I think it runs up big time next week. it should be able to hit $2.
prepare for glory.
the patient investors will get paid here.
$QEP: The best of the best oil and gas stock.
$QEP:
no way in hell can these shorts keep this up much longer.
news surrounding this company is just too damn solid.
fundamentals are off the bloody charts.
look what they just accomplished: they demolished the street estimates by 2000%.
in terms of fundamentals and the steady and continuous rise in oil prices, this stock is very seriously undervalued.
all those fund managers are not wrong in owning this stock.
QEP has substantial and significant institutional ownership.
this stock should be trading around $4.50 right now.
I take that thank u very much
I take that thank u very much
$QEP:
Looking like it is wanting to go green.
Momentum here is going to be off the charts once it gets rolling.
$QEP:
oil prices are steadily rising now.
you are likely to see oil (Brent) at better than $30 next week alone.
OPEC production cuts go into effect today to prop up oil prices.
I firmly believe that in about 3 weeks this stock will hit $4.
5-10$ with refrac/drilling activity planned if we get 50$ oil back
$QEP:
check this out.
Exxon Mobil (XOM) beat Q1 forecasts and noted signs of recovery in oil demand.
there are definitive signs of recovery in oil prices.
this is consistent with what the UBS economists are saying: they are saying that the oil will jump 115% this year.
The Exxon and Chevron earnings reports also come as OPEC+ formally begins implementing its landmark deal to cut production for two years and prop up crude oil prices, starting with a reduction of 9.7 million barrels a day in May and June. Crude oil futures rose early Friday.
all systems are go here.
those with a decent size position and a little bit of patience will make a fortune here.
QEP is a very well run and managed company.
they just demolished the street estimates by 2000%.
this stock should be trading around $4.50.
$QEP:
lock up your shares.
put them up for sale for around $4 to $4.50.
I have a good size position here now also. I added a few more shares this morning.
nobody is getting my shares anytime soon.
we are sitting on a gold mine here.
I hope the shorts burn here. I bought another 5,000 at .827. Yes!!! I’m loaded now.
When you look at the fundamentals, the company is currently very profitable, at a ridiculous p/e of .61. And on the balance sheet side, a book value of $3 billion with about 250 million shares outstanding, giving a book valuation of $12/share.
And all that with production now dropping and demand picking up due to business re-opening.
No matter how you slice it, its ridiculously undervalued.
$QEP:
I grabbed a few more also.
cant beat these prices.
we all know where this stock is going to be in 2-3 weeks.
this is absolutely a steal at these prices.
it is way the bloody hell undervalued.
I hate shorts they do my nut in scandalous that this is down at .84 now jokeshop
QEP smartly used its derivative contracts to earn those big profits in Q1. Wouldnt be surprised if the same happens in Q2, or close to it.
$QEP:
https://markets.businessinsider.com/commodities/news/oil-price-will-jump-115-percent-by-end-of-year-2020-4-1029137604
if you want to demolish the shorts, you just keep accumulating this stock.
and then just lock up your shares.
float is close to being locked up if you saw this company's institutional ownership.
2-3 weeks out this stock is probably trading around $4. with a limited float this can and will rise sharply.
on Monday oil(Brent) is probably sitting around $30 a barrel.
oil (WTI) is also bouncing back strong.
$QEP:
that is a great post.
also have you seen this: there is substantial and significant institutional ownership here.
https://finance.yahoo.com/quote/QEP/holders/
which means that the float is relatively tight and locked up.
smart minds are not interested in selling this stock at these prices.
QEP destroyed the street estimates by 2000%.
there is no weakness at this company. they have top flight CEO and top flight strategic planning to deal with the coronavirus crisis.
and now oil prices are steadily rising. UBS experts say that the oi prices will jump 115% this year from these current levels.
OPEC is cutting production today.
Canadian oil producers are cutting back.
Brazilian oil producers are cutting back.
global economies are re-opening.
In China there is a massive surge in demand for oil.
you would have to be one hell of an idiot to short this stock now.
it is just not going to be profitable to short it now.
shorts would be wise to cover and run.
Shorts are trying to reduce their losses, which had to be huge. Their method is to depress price and volume. They are desperate, because they see the handwriting on the wall now.
They are already tiring greatly of what they are doing here. This is a lost cause for them. They will soon turn their attentions elsewhere for real shorting oppurtunities.
This one should be on the absolute bottom of anyone's shorting list now.....given the earnings report, trend down in production, and trend up in demand. And now help from the federal reserve.
I expect an end of the day rise in price going into the weekend.
$QEP:
Take a look at their institutional holders:
Nobody is smarter than these fund managers. you know they have done their DD and exhaustive research on QEP:
https://finance.yahoo.com/quote/QEP/holders/
More good news, although QEP is far from ailing given its latest ER.
Federal Reserve Extends Lifeline To Ailing U.S. Oil Industry
https://oilprice.com/Energy/Energy-General/Federal-Reserve-Extends-Lifeline-To-Ailing-US-Oil-Industry.html
By Julianne Geiger - May 01, 2020, 9:00 AM CDT
The Federal Reserve made some changes to its Main Street Lending Program according to a Thursday press release by the central bank that will now extend a much-needed lifeline to the U.S. oil industry.
As bankruptcies, capex cuts, and unfavorable financial reports from Q1 start to trickle into the US shale patch, more oil companies in peril will now be able to tap the Main Street fund that was set up to render aid to small and medium sized businesses.
Prior to today, those funds were not available to companies who had more than 10,000 employees and $2.5 billion in revenues. Borrowed funds could also not be used to refinance existing debt.
But lawmakers in oil-dependent states such as Alaska, North Dakota, and Texas—have been furiously lobbying to change those limits in a move that would allow more oil and gas companies access to the funds they need to weather the low oil price environment caused by the pandemic.
On Thursday, at the behest of those lawmakers, the Federal Reserve increased the employee limit to 15,000 and the revenue limit to $5 billion. What’s more, companies applying for the funds do not need to prove they were in good standing as of March 2020—an earlier requirement that excluded many oil and gas companies because they often carry heavy debt.
Shale company debt has been cause for concern since the oil crash of 2014.
Senator Ted Cruz, however, pushed Treasury Secretary Steve Mnuchin and the Federal Reserve Chairman to allow companies taking the funds to use it to refinance debts that they carried prior to the coronavirus—debt that oil companies foundering through the coronavirus crisis would otherwise be hard pressed to do given the low price of oil that is well below most companies’ breakevens.
The Fed Reserve received more than 2,200 public comments requesting they make changes to the program.
Supporters of the lending program argue that oil and gas companies need to the support to ensure the security of the nation’s oil and gas supplies. Detractors argue that bailing out disreputable fossil fuels when the country should be supporting only climate-friendly options.
$QEP:
markets are down today but could recover by the end of the day.
I grabbed a few more at these bargain prices.
this is your guiding light here:
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.
this stock is golden.
All oil stocks are down today
How is this still down at these prices ridiculous ??
$QEP:
there is just no way to spin this.
there is no way in hell can you get around 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.
this stock is extremely undervalued. it is selling at one hell of a discount.
they have a robust balance sheet with $71 million in cash.
and now oil prices are expected to bounce back 115% to 120% this year.
today OPEC production cuts go into effect.
and there is talk that Trump wants to help the airline companies and the oil companies.
this stock should be trading at around $4.50 right now.
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