Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yep.. makes no sense.
The bull will probably run hard in Q4. I hear they are projecting oil to skyrocket soon.
Seems crazy that SD is approaching its lows of a couple months ago, yet here we are
I sure it will skyrocket the moment the elections are over.
EPA did NOT waive Cheniere pollution requirements. Missed this article on Tuesday, but the EPA is going after the Cheniere facility.
In their last earnings call, Cheniere CEO said he didn't think there would be any operation interruptions. I'm a bit less sanguine. The CEO talked about how he's worked with EPA for like 30yrs on such issues and expected to find a resolution. My take is that the last 30yrs weren't *woke* mindset in charge. This administration, as well as the current Zeitgeist among the cool kids, is that ALL energy is horrible becuz mankind is ruining the planet.
https://www.naturalgasintel.com/natural-gas-futures-extend-losses-early-amid-concerns-over-cheniere-lng-decision/?v=DG_PopPosts
Hard to figure. Even at these prices SD is crushing it
All Energy Tumbling Again
Tough to figure out what the truth is. Energy should be booming. Winter right around the corner. Even EU natgas prices tumbling:
https://tradingeconomics.com/commodity/eu-natural-gas
Did the speculation all ready happen and it's not going to be as bad as expected? Or will govts step in a cap prices, or nationalize energy? Will energy co's in Europe go bankrupt if people refuse to pay? Was it all overblown? Or is this just a small down-turn in a longer bull market?
I really don't have any idea what the heck is gonna happen. But it certainly isn't looking as easy-peasy as it looked at one point. A few more dollars down and oil will be trading in the $70s
Only thing I can think of is shorts covering. Why else would anyone be buying with only about 4 weeks left?
That is indeed odd. Looks like a few new Asks have come in at lower prices. I have no idea why those buys
DWs shooting up, what gives?
Gaming European Power Prices
This thread seems to be another good example of how one never knows how different markets work, in different localities, with different rules to favor certain players, ways to game the system, etc. I don't claim to have any local knowledge of European markets, but if this is anywhere close to the truth, seems like the market would be very easy to game:
The European Power Market can be reformed by a child.
— Le Shrub🌳🔥🇺🇦 (@agnostoxxx) August 30, 2022
I will explain.
First of all, lets be clear. European consumer is fked (>20% of salary on electricity?!). Basic industry is fked. The economy is fked.
Fked does not mean Apocalypse IF they take action.
1/n
"Market" Prices
With any market, including natgas in Europe, it's always tough to know how much of the current market price is legitimate vs speculation, how much is narrative, how much is fear (usually being pushed by people trying to front-run the market), how much is manipulation in a centralized market that is usually run by one or two big players (remember Enron manipulating prices in Calif), who has conflicts of interest, etc.
Forward prices of German electricity just halved in 2 days:
German 1y ahead Power Price has almost halved within 2 days from €1,050 per MWh to €545 today. This raises the question of who is operating in the electricity market. Is it pure speculation? Are these meaningful prices that reflect real scarcities? pic.twitter.com/1OyzB6uVZR
— Holger Zschaepitz (@Schuldensuehner) August 31, 2022
Long-shot but here’s to hoping! NG @ 9.54
Be great if the news is so good it pushes it past $40. Hope still alive...
check
thanks for the update
Freeport Re-Start Pushed Back a Month
Well, now I'm kind of going back to my initial thoughts that we could have delay after delay on the re-start. Bottom line is I'll believe it only AFTER it actually happens. Just weeks ago the company said early October re-start. Now they say they ANTICIPATE a November re-start, but there could be construction delays, etc.:
http://freeportlng.newsrouter.com/news_release.asp?intRelease_ID=9749&intAcc_ID=77
yes yes yes
and hopefully an announcement comes soon regarding an acquisition - which is a longshot but possible
As jtomm said.... They didnt do the shelf registration for nothing
SD commons high of $22.17
Come on $23
I think I can...
I think I can...
I think I can...
Looks like it is breaking out now. Next stop $23 then comes $25. Holding strong now. Hopefully Nat Gas keeps going up.
NG @ $9.80
gotcha. thanks for the info
SD & NG trying to spark a run.
To quote the King: It's Now or Never
Makes sense, Thank you
My guess (and it's just a guess) is that they are looking to do a good-sized acquisition. That's sort of how it sounded to me in the earnings call. They have all these tax losses available to be used, so they were kind of mulling their option of buybacks vs acquisition to use the tax losses. It sounded to me like they were leaning toward acquiring something. Then they filed the shelf. I'm guessing they're looking at buying something more expensive than the cash currently have (approx 200m).
Who knows, we'll see.
What am I missing, sitting on a bundle of cash, why would they do a the shelf registration?
Again, I just want to be clear that I don't consider myself an expert in all these registrations, filings, etc.
Having said that, yes, I believe that's basically the SEC saying that the S-3 has now been "approved". Those various company names are all SD subsidiaries that were named in the S-3. I believe this is a normal way of doing it, so that it's all-inclusive if you want to do a transaction involving one of your subsidiary companies.
I believe the shelf registration is now effective for 3 years. Seems like I remember a time or circumstances when it was two years, but I believe it's now 3.
Broke $20. Maybe it breaks $21 today. The chart is looking really good now.
Good morning. Is this filing related to the shelf registration?
Weird all the different company names.
https://newsfilter.io/a/7a446411c6dcf437b8fe64a8d218e574
That’s great news.
Can we get one big run?
At least make it exciting
Freeport LNG situation
I hadn't checked on the status of Freeport in a while, but there are two interesting things that have occurred.
1) Contrary to what I was guessing, it looks like they have already reached a consent degree with the govt that will allow them to get back to near full operations EARLIER than expected. The reason? The story has changed to where it has now been determined that it was human error and not a faulty piece of equipment that caused the explosion. That led to . . . .
2) Force Majeure was apparently retracted in late June, something that went previously unreported. This may have added to the buying pressure for natgas in the futures market.
https://gcaptain.com/freeport-lng-set-to-restore-production-at-key-lng-export-facility-in-october-earlier-than-anticipated/
https://oilprice.com/Latest-Energy-News/World-News/Freeport-LNG-Retracts-Force-Majeure-Leaving-Buyers-On-The-Hook-For-8-Billion-I.html
http://freeportlng.newsrouter.com/news_release.asp?intRelease_ID=9748&intAcc_ID=77
Post 777.
From your mouth to God's ears?
Longshot but there's a chance. They have already started beating the Winter/Freeport reopening drum.
https://markets.businessinsider.com/news/commodities/us-energy-shortage-natural-gas-winter-storage-production-freeport-lng-2022-8
Hopefully squeezes before warrants expire...https://www.zerohedge.com/commodities/running-thin-ice-opec-head-warns-oil-squeeze
Sure looks like it.
Winter is coming soon.
NAT GAS $9.37 maybe it will hit $10 soon?
Re Possible Closure of Cheniere LNG by EPA.
Listened to the latest earnings call for Cheniere and the CEO said he still thinks their equipment should be exempt. Says they're working with EPA and giving input. He said that even if they are not deemed to be in compliance he thinks they should be able to come up with a workable solution that won't have a material impact on their earnings or production.
-So that's sounding better. Maybe he's just overconfident, we'll see. But if anything, for legal reason CEOs are usually very cautious on calls, so he must think the EPA is coming around. This would be good news cuz it could crush natgas prices here in the US if Cheniere closed. Much bigger than Freeport.
If anyone wants to listen to that section for yourself, you can forward to 12:23 in the earnings call here and the EPA portion runs about 2 minutes:
https://event.webcasts.com/viewer/event.jsp?ei=1559360&tp_key=4ac7ac2c5a
Well... the surge needs to start soon. We have seen how fast SD can move when it wants to -- the float is very small after all.
If NG moves above $10 and we get an announcement on a merger then anything could happen.
Both are possible in the short term, so just maybe.
Any hope for the warrants?
NG @ $9.30
SD @ $19.45
NG @ $8.76 and the Commons just hit $19.36
Come on SD. Let's get this show on the road.
Never know when a monster acquisition will be announced.
Sounds great to me. Maybe speculation will keep SD shares moving upwards
Sold! haha. Sounds like that would be in the price range of the offering. You might have found it.
Another thought is a private company on nearby land where SD can further maximize their existing staff and infrastructure.
But frankly, I have no idea. I just hope that if they raise a bunch of money, the use it sensibly. They seem level-headed in earnings calls.
Half a billion is a lot of money. Fingers crossed that it gets put to good use
Ideal acquisition is Amplify. .5 shares or 18.5 million new shares. Debt is 185 million so our cash pays off the debt and maybe use some cash to pay off their really bad hedges. Natural gas production doubles, natural gas liquids production increases by 50 percent, oil triples ! That doesn't include some California production that was involved in a spill -Mostly not ampys fault. As I said before Oklahoma fields are close to ours so some definite cost savings also. I think the reserves of the combined company would at least triple. Not bad for 330 million in stock and paying down 185 million in debt. Ampy is 6 so I think around 9 is quite a good offer!
Wow. GREAT INFO.
Thanks for letting us know.
Expensive Document
With whatever the company might be planning in filing the shelf registration, I was wondering how serious they are about doing something? Roughly, what is the total cost of filing an S-3? You can usually get a pretty good idea of seriousness by the amount of money willing to be spent.
The SEC filing fees alone are $46,350. Then, I have a buddy who's been general counsel to a couple of public companies. I asked him if a shelf registration is something you can usually handle in-house or would there be additional legal fees to hire an outside firm to help? If outside firm, is that like an additional $20-$30K, or how much? He said usually an outside firm is required becuz lots of reading and editing, have to make sure definitions and phrases are stated exactly correct, and match exactly with all previous documents, etc., tons of stuff the SEC requires. He said the tab would be more like $200k to $500k. I was floored. I said even if it never gets used, it might might be $250-$500k just to prepare and file that document? Yep.
So SD must be pretty serious about intending to use this offering. What for, I don't know, but that's likely a darned expensive document.
Followers
|
20
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
864
|
Created
|
10/04/16
|
Type
|
Free
|
Moderators |
SandRidge Energy, Inc. (NYSE: SD) is an independent oil and gas company engaged in the development and acquisition of oil and gas properties. Its primary areas of operation are the Mid-Continent in Oklahoma and Kansas.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |