Sanchez Energy Corp. (fka SNECQ)

[Pierretp]

Let’s see how many blown up tankers in the gulf it will take before oil jumps sky high.

War ships headed to the Middle East. It will take 15 to 20 days before they arrive. You have that long to make up your mind if you are going to buy or pass. Use your head. I think this is a perfect time to buy.

[tdeck]

Oil starting its move up to higher levels up a dollar a barrel overnight, very good news to company like SNEC that cut costs to almost nothing and just taking in the $$

https://edition.cnn.com/2019/05/12/middleeast/uae-cargo-ship-sabotage-intl/index.html

https://oilprice.com/Geopolitics/International/New-Middle-East-Proxy-War-Could-Jolt-Oil-Prices.html?utm_source=tw&utm_medium=tw_repost

[tdeck]

Loved the 18.1 million CapEX for the first Q just drilling what they were committed to and bringing wells online at a slow fiscally conservative way. Every quarter the outlook will become better, excess cash they can start paying down debt taking some of the pressure off.

Just relax for 12-18 months and get their financial house in order. I am glad bringing in the advisors had such an immediate effect on the CapEX and managements obvious decision to heed their advice. Look forward to more of the same going forward.

They have enough of a DUC inventory so that a year from now they can look to bringing more online if the oil/Natural gas prices are higher making it cost effective while still maintaining a decent debt removal rate.

Would love to see oil maintain a 65-70 price range the next 4-6 months. A boost in Natural gas to 3.00-3.20 would be nice as well, LNG's all time lows but have been increasing ever so slightly since February, every little bit helps.

This was my favorite part of the 2018 Full Year report on March 1st. Judging by the Q1 CapEx of 18.1 million the number should come in at the lower end of the estimate and maybe under it, we shall see.

Glad they chose this route rather than asset sales.

2019 OUTLOOK

The company has set its preliminary 2019 capital budget at a range of $100 million to $150 million, which at the midpoint represents a reduction of approximately 79 percent when compared to 2018 capital expenditures of approximately $593 million.

As a result of delisting proceedings initiated by the New York Stock Exchange on Feb. 20, 2019, the company’s common stock began trading on the OTC Pink Marketplace operated by OTC Markets Group Inc. ("OTC Pink") under ticker symbol "SNEC" upon the opening of trading on Feb. 21, 2019.

The company remains committed to strengthening its balance sheet and is evaluating strategies to maximize its liquidity and reduce financial leverage. As the company considers its strategic alternatives, the board of directors has elected to suspend the dividend on Sanchez Energy’s Series A Convertible Perpetual Preferred Stock and Series B Convertible Perpetual Preferred Stock, beginning with the three-month period ending March 31, 2019.


Clear path out of the wilderness just have to follow the path.

Peace out.

[tdeck]

Sanchez Energy Corp - Ordinary Shares Institutional Ownership
SNEC
$0.125

Institutional Ownership 24.66%
Total Shares Outstanding (millions) 100
Total Value of Holdings (millions) $3

Holders Shares
Increased Positions 30/7,785,996
Decreased Positions 61/17,360,451
Held Positions 14 (524,506)
Total Institutional Shares 105/24,621,941

Holders Shares
New Positions 15/3,879,205
Sold Out Positions 39/12,901,502

Many sold out many held on and many opened anew

No new openers out there like UBC LOL but some healthy positions by private players.


This in my humble opinion is what many are missing, the big picture. Many pieces of the puzzle to be put together here.

Just a little info you might now be up on.

It is at this price definitely worth the look its easy double sell half and ride the rest free, I am not selling any personally til .36-.40 and then ride half free after pocketing a tidy profit on half of them first.

Just my opinions, many overlooked I think.

SNEC while oil was crashing like it was 1929 in December Sanchez did this.

https://www.houstonchronicle.com/business/article/Sanchez-Energy-taps-restructuring-firm-amid-13442790.php

Now, you and I know now that they were brought in to get things on point, reign in some spending and come out of the downswing in oil punching. Its easy to see now.

Well you know the shorts, negative Nellies etc they went hog wild with BK BK BK its coming. I knew it wouldn't for three reasons.

First the last insider buy was by Sanchez senior for 1 mil + shares at over a buck in early fall before the fall. Its their family company for goodness sake their name, the old mans legacy hi grandchildren's legacy.

The other interesting thing that happened in regards to the shares which is equally important, as stock has been awarded since the first of the year, what has been sold for tax purposes etc has been sold back to the company.

If the company does not plan on saving their legacy (old mans you and I know that) then he doesn't throw down and buy 1 mil plush shares. Then the company does not buy back at the dirt cheap prices insider shares.

https://fintel.io/n/us/sn

And you don't bring in an outfit to restructure like the quality of the ones they did if your just gonna blow the whole thing up.

Company buying as its falling from .36 down, cutting Cap Ex to the bone opening up cheap cost wells that produce $$ and more $$.

May not have explained it concisely enough but, its plain and simple and its the easiest win out there in oil for the price IMHO.

[tdeck]

This is headed in one direction for the foreseeable future, IMHO. Covers all the bases and flippers from .11-.12 bailed for the most part today IMO headed back to .30+ by Mon/Tues


StockWolf
? @StockWolfCom
1h1 hour ago

Final 30min. Most Upticks & High Rel. Volume Today
$BASA $BIIO $WHELF $NLBS $ELXMF $KBEVF $GOSY $ISBG $KGKG $BOPO $HMMR $SRSR $MGON $CNNA $LVVV $ALTN $SNEC $ASDN $GCAN $WHZT $HUML $AVOP $HSTRF $TRUU
0 replies 0 retweets 0 likes
StockWolf
? @StockWolfCom
2h2 hours ago

Trading Above Resistance 2
$CYLYF $BNNLF $GBCHF $LATNF $KBEVF $ISBG $NVSGF $ELXMF $GOSY $KGKG $EKNL $LPTI $LVVV $SRSR $SNEC $MPXOF $MGON $ASDN $GCAN $IZQVF http://bit.ly/2nhyGBi
0 replies 0 retweets 0 likes
StockWolf
? @StockWolfCom
3h3 hours ago

Wolf Runners
$BIIO $ISBG $KGKG $ELXMF $LVVV $GOSY $MGON $SNEC $ASDN $WHZT $GCAN $VPOR $CAOHF $MHCC $HUML $SRSR $PSIQ $RSLS $ATBHF $GRCV $IDND $BLUSF $MATN $PQEFF $ABCP http://bit.ly/2HZNMVC
0 replies 0 retweets 1 like
StockWolf
? @StockWolfCom
3h3 hours ago

Trading Above Resistance 2
$CYLYF $NVSGF $GBCHF $LATNF $KBEVF $ISBG $KGKG $ELXMF $LVVV $EKNL $LPTI $GOSY $MPXOF $MGON $SNEC $AAMMF $ASDN $GCAN $VPOR $CAOHF http://bit.ly/2nhyGBi
0 replies 0 retweets 2 likes
StockWolf
? @StockWolfCom
3h3 hours ago

Trading Above Resistance 2
$CYLYF $NVSGF $GBCHF $LATNF $LPTI $KBEVF $KGKG $ELXMF $LVVV $EKNL $AAMMF $GOSY $SNEC $IMLFF $MPXOF $CAOHF $CFEGF $TRLFF $ACNNF $XNNHQ http://bit.ly/2nhyGBi
0 replies 0 retweets 0 likes
StockWolf
? @StockWolfCom
4h4 hours ago

Trading Above Resistance 2
$EKNL $NVSGF $AAMMF $KGKG $CFEGF $ELXMF $LPTI $SNEC $LVVV $GOSY $ATUUF $NCPCF $ATBPF $MPXOF $RSASF $VPOR $ASDN $BUDZ $CAOHF $TRLFF http://bit.ly/2nhyGBi
0 replies 0 retweets 0 likes
StockWolf
? @StockWolfCom
4h4 hours ago

Trading Above Resistance 2
$NVSGF $SNEC $CNNA $ELXMF $LPTI $AAMMF $KGKG $CFEGF $IMLFF $LVVV $VPOR $MATN $HUML $VNNHF $MPXOF $SKREF $IOFNF $ESNC $ASDN $ACNNF http://bit.ly/2nhyGBi
0 replies 0 retweets 0 likes
StockWolf
? @StockWolfCom
5h5 hours ago

Trading Above Resistance 2
$NVSGF $LPTI $KGKG $KBEVF $SNEC $IMLFF $ELXMF $AAMMF $SANP $CFEGF $MATN $SKREF $IOFNF $ACNNF $PSHIF $GBLEF $SGRPW $CAIXY $ATBPF $GCAN http://bit.ly/2nhyGBi
0 replies 0 retweets 0 likes
StockWolf
? @StockWolfCom
5h5 hours ago

Trading Above Resistance 2
$CFEGF $LPTI $AAMMF $KGKG $KBEVF $SNEC $IOFNF $ACNNF $PSHIF $ELXMF $ATBPF $LVVV $PARD $ATUUF $GCAN $NVSIF $GRCV $MATN $AFFY $HUML http://bit.ly/2nhyGBi
0 replies 0 retweets 0 likes
StockWolf
? @StockWolfCom
6h6 hours ago

Trading Above Resistance 2
$IOFNF $PSHIF $KBEVF $PARD $LPTI $ATBPF $ATUUF $LVVV $AAMMF $SNEC $GRCV $KGKG $ELXMF $AFFY $RSASF $AVMXF $LBLTF $CDBMF $ESNC $ABCP http://bit.ly/2nhyGBi
0 replies 0 retweets 0 likes

[Pierretp]

I’m really tempted to buy back in and hold. I have to believe that they feel they can make a strong comeback. I sold some 2 years ago for over $12.00 a share. This could really be something again in time.

[tdeck]

Got 130K .06-.07 have an even million shares now. Don't know where they came from but glad to get them, will buy any I can get at that level, tick tock.

[tdeck]

Added more .17's and .18's today, just collecting the bottom.

[tdeck]

Damn they have that thing spread wide. Have accumulated 800K under .20 mostly in .17 range, IMHO it will do a .50+ bounce before next Q we shall see, still looking for more .017-18's

Peace out.

[golfgame1]

I just added this am

[tdeck]

.17 is the bounce point IMHO I am waiting right @.17 to add.

Peace out

[Weagle2001]

Any thoughts on this stock from those who know more than me? I got in at 0.25. Really thinking about getting more at 0.17-0.18!

[tdeck]

All set to add to my pile @.20 or under if it hits there, no brainer.

[MRJ25]

Business as usual. Chapter 11 is to re-structure debt.

[ToddM]

So why are they drilling nine new wells?
https://www.google.com/amp/s/www.chron.com/business/energy/amp/Drilling-Down-Sanchez-Energy-drills-on-despite-13640918.php

[MRJ25]

Chapter 11 is coming up. Moelis and Co are the advisers.

[Comanche1]

Interesting turn of events. Anyone think BK is next?

[Renee]

SN changed to SNEC. Delisted from the NYSE to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

[dj1216]

HALTED!

[BOS]

$SN Weekly Pincher Chart

Could see good move here..

http://schrts.co/vSFCyYPj

[BOS]

Weekly pincher chart. Interesting to see what happens here.

[Pierretp]

I use to own Sanchez and sold around a year ago. I was shocked recently when I checked in and saw the pps. I know I’m being lazy by not doing my own dd but what happened? This used to be a solid performer. Institutional investors couldn’t get enough.

[naturalborninvestor]

bounced off support. The trend is still intact. Looks healthy to me.

[yesterdaysnews74]

Clay here this went up and now will go back to 20s sorry

[naturalborninvestor]

good luck shorting

[ClayTrader]

* * $SN Video Chart 01-15-2019 * *

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

[stocktrademan]

SN buy 0.317100



normal chart




log chart

[naturalborninvestor]

very soon

[benfrankledger]

When do you anticipate the move north?

[Joe know]

In at .28 Interest building bottom starting to form. 1 week hold position if no play i am out.

[molee]

How's "things" lookin' here NOW ???

[ClayTrader]

* * $SN Video Chart 12-13-2018 * *

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

[ClayTrader]

[ClayTrader]

* * $SN Video Chart 12-11-18 * *

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

[cdh11]

load zone here guys

[tdeck]

I think something is up here, something seems to be going on.

We will see.

Peace out.

[tdeck]

I think so, don't think will get two flips like yesterday but should get one. Thinking may do this couple days, til maybe Wednesday maybe, loving it bringing money tied up in hold sack down, which is good, and will load another 160K to long sack when bouncing done, s should end good all around on this bear attack we had.

Peace out.

[LiveLife]

= SN = Perhaps repeat of yesterday?

[ClayTrader]

* * $SN Video Chart 12-06-18 * *

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

[tdeck]

Done it twice today with 200K positions, still holding 440K long just making some dough in the basement bouncing game to relieve some pain, hope we do this for a couple weeks.

Peace out

[LiveLife]

Intraday chart BUY signal - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145293532

Intraday 5 minute chart of SN showing rebound signal with MACD crossing above signal line with histogram converting from negative to positive along with RSI rising.

[LiveLife]

Up we go. Load up for the rebound.

[LiveLife]

= SN = Loading up for rebound trade - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145268370

[willlbone]

News? Delisting?

[molee]

Selling off like a "Q" is on the way ...

[molee]

Oh my , 50,000 for sale @ .64 pre-market ...

[molee]

Sure , wait 'till the market closes before releasing the "news" ...

Sanchez Energy Announces Engagement of Financial Advisor to Explore Strategic Alternatives

Let's take a look see how the market reacted after market ...

12/04 t 0.64 600 ARCA
12/04 t 0.64 2500 NDD
12/04 t 0.65 400 ARCA
12/04 t 0.66 286 NASDAQ
12/04 i 0.66 35 NDD
12/04 i 0.66 20 NASDAQ
12/04 t 0.66 1744 NASDAQ
12/04 t 0.67 1950 EXGX
12/04 t 0.67 2000 NDD
12/04 i 0.67 50 EXGX
12/04 t 0.66 579 NDD
12/04 t 0.66 3256 NASDAQ
12/04 t 0.67 2000 NDD
12/04 t 0.68 2000 EXGX
12/04 t 0.68 2000 ARCA
12/04 i 0.68 13 ARCA

[tdeck]

Better than paying cash at he moment.

[molee]

Their latest news is the current "problem" ....

https://ih.advfn.com/p.php?pid=nmona&article=78721646&symbol=SN

[tdeck]

The entire market bar blue chips is down big especially oil/lng it sucks but it is what it is, not first time will not be the last, just keep mind toward late Dec/Jan

Peace out