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One small producing company just waiting to go pop and screaming towards but quickly ~ some keen investors are about to buy big into SSN. Ate you going to be a part of it
But and buy plenty ~ lcbm
Should be starting, today's report looks promising!
Breakout to above $1 imminent...maybe $2 or $2.50 on momentum IMHO
A marketcap between 20 to 30$ million should be justified...in the future...imho
EX
Samson oil and gas are strong and long ~ Samson resources not affiliated ~ but SSN strong and long $$$
I don't recall seeing anything about a trust.
Does anyone know when the trust will pay out. June 30 looks like a possible date.
Still climbing.... slowly but surely!
Lcbm68,
Coming week is essential.
If the rise continues a breakout above $1 is in the cards.
But I already said that.
$1.15-$1.20
Maybe higher on momentum.
EX
Buying back in tomorrow ~ narrowed down my costs in the past few weeks so holding 100,000 shares as of tomorrow averaging at .45
Revenue is growing and debt is lowering ~ two good signs plus they are producing more so it's all looking good once again. Step by step SSN will be in the 70's before too long
Would love to see that happen, we've been camped out down here for a long time now.
If the rise continues tomorrow...we might see a breakout on high volume...
EX
Moving north so painfully slow but still north. Was hoping for more positive movement with the good news today.
Slowly creeping up to reach $2 by this time next year or earlier...
EX
OPEC is slowly holding up on reduced oil exploration and exports ~ USA will see benefits in Q3-4
It's now time to top up SSN
Added note this past two weeks .50's is the low low. See 15-20% in coming months ~ easy money here now
Good presentation today. http://www.enercomdallas.com/webcast/ssn/
Great time to get back into SSN and towards making 20% return before end April
We plan to focus on the following objectives in the coming 12 months:
· Continued focus on cost savings and efficiency across all aspects of the Company including lease operating costs and general and administrative costs;
· Continued focus on strengthening the balance sheet through strong capital management;
· The successful integration of the properties and assets acquired in the Foreman Butte Acquisition, and the review and workover of such assets;
· The continued appraisal of our Cane Creek project in the Paradox basin in Utah;
· The continued search and appraisal of new development and exploration projects that add value to our current portfolio at lower oil prices;
· Repayment of the $4 million promissory note issued to the seller in the Foreman Butte Acquisition; and
· Regaining and maintaining compliance with NYSE MKT listing standards.
Our ability to meet these objectives will depend on our ability to raise additional capital to fund the planned development programs.
This company is a joke -
There bakken assets are complete shit/ They have an idiot with NO bakken production experience up there running there field. RUN Away fast!!!!!!!!!!!!!!!!!!
Price adjustment will come quick now IMHO!
SSN is undervalued by far....
EX
Ha ha ~ but seriously at .61-63 it's a bargain and the 80's will come around in early April. This is perfect timing to get back into SSN.
SSN is a STEAL indeed...
And I hope it is made outta STEEL, so it won't break apart....
Lol
EX
Targetprice 2.80$
SSN: ripe for the picking at this hour and looking towards +25% returns in coming weeks.
This is a steel at this price
SAMSON OIL AND GAS stock pps will be trading above $1 in february.
Quarterly report end of the month will provide the catalyst IMHO.
Long...
EX
quote from investorhubguy:
SSN is the saddest company in my portfolio. I bought the stock in early 2012 and am looking at almost a total loss. Does anyone have anything positive on this stock... I'm thinking of taking the loss and being done with this tank train forever.... What do you think iHubbers? Rising oil prices have any effect on SSN?
Oil price rising now that OPEC got output agreement ~ watch this tiny stock rise in coming days and weeks
I bought back in again as I see big opportunities for this small powerhouse company ~ oil is looking good again.
I think the smart investor is still expecting a capital raise...maybe in the 0.50s maybe in the 0.60s...so why buy now?
EX
Selling off again. The fantastic news yesterday and this is happening. ??? Granted the volume is small but this doesn't make sense.
Looks like people getting out with small profits. This has been down a long time now.
Yup... that doesn't help!
just checked OIL --
Crude Oil 47.57 -1.13
I agree .... very sluggish, at least we're up a little. Maybe this afternoon.
Samson sold, late on Friday, October 28th, its interest in the North Stockyard field for $15 million by the receipt of the balance of $13.95 million of the purchase price.
$11.5 million of the sales proceeds will be used to reduce the outstanding amount on our debt facility to $19 million. Samson will use the balance of the proceeds for working capital and to reduce its current hedge positions in line with its post-sale production.
looks like the US exchange didn't get the memo.
Deal closed late Friday for $13.9 Million remainder of the $15 million.
ASX is trading .007 - .008
with ADR's X 200 we should be trading $1.40 - $1.60...
The US is just a little slow and sluggish..
Ron
Anyone know what is going on today?
I'd love to be at $3 right now. That RS was a killer but I hate giving them more money right now!
Bought more today...
Long average...3$ now
EX
I would like to see it drop quickly into the .30 range to buy another position or take off north. This hanging around .50 to .80 is painful to be a part of!
I'm not very happy with this drop.. .85 a few weeks hurts now!!!!!
Going back to $0.30s? Maybe on fear that the deal might fall through?
Ready to grab more below $0.37....IMHO
EX
Well the 80's did good until sine sell off ~ but next it will be up to 90's by end October ~ $ us certain for year end
Indeed it has my friend.
I see that it's been pretty flat over the last year other than a couple of days.
SSN doing well. Heavy volume and it's volume first.
Looking pretty good but still way down.
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Samson Oil & Gas Limited is an Australian based oil & gas company holding extensive development and exploration acreage in the USA.
Samson is listed on the Australian Stock Exchange (ASX) and American Stock Exchange (AMEX), ticket code SSN.
Samson's business strategy is to create value by focusing on the USA energy sector and in particular exploration for and production of gas.
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