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$LC looked #bullish today. I'm averaged at about $5.30 here so I am interested to see what LC can do in the coming weeks.
Why are you asking us to prove your BS? I think that would be the job of the person making the ridiculous accusations.
$LTNC 2 MILLION Dollar buyback! Not 2 mil shares, 2 mil $$$$!!!!
20 days is the amount of time required before he may start reducing A/S . He can't just decrease A/S overnight as he will need to payoff the note holders first.
Guess you should put your money where your loud mouth is... Short the stock.
14 mil buy... Here we go
Well if there was a share buy back it could very well happen.
For instance, let's say a fictitious company "XYZ" had 1,000,000,000 outstanding shares. Let's say the PPS was 0.001, meaning the company is valued at $1,000,000.
Let's say XYZ bought back 600,000,000 shares, leaving 400,000,000 shares remaining. To keep the company's value at $1,000,000, the PPS would have to be $.0025.
However, when all those shares are bought back, there is less supply, meaning more demand. We know what happens when supply goes down and demand goes up - increased prices. And we all know that all of the 'supply' wasn't at .001 to begin with either.
So it could very well see a nice price increase. But then again, who knows if this is what will be announced. It's all speculation at this point, but I know I am not going to be the one standing there when the dust settles.
Oh I'm sure that most of the things were valid ... about 2 years ago. Let's hear some "NEW"s.
And you just admitted it yourself when you said the past tense "was" instead of "is".
I haven't implied that they are. I was just providing a reference to the question that was asked; nothing more, nothing less.
But I will admit that he did make a very bold statement, and I do expect it to make a significant impact on the future of the company and therefore the PPS. But at this point it's all speculation.
Look on CEO's twitter page. Sorry don't have a link at the moment, my employer frowns upon social media so it's blocked lol.
Well if the anticipation lives up to what is expected then I believe it could go much higher than that.
New 52 week high IMO.
Oh okay, thank you for the clarification that I wasn't wanting.
Oh I think you are lost. You are posting in the LTNC board. No sell off here, sorry chunky.
Yet today's high was 13.
Now THAT'S good news! Excellent, thanks for sharing!
So I assume this uses similar or possibly less workload? So with higher production with similar effort we may be able to see a decrease in labor costs while at the same time increasing production. Speculation on my part as I am not familiar with the technology but it's definitely something that could be a game changer.
"good news" depends on who you're talking to. If you were an investor in the preferred stock then it just adds salt to the wound.
But, I agree, in the perspective of the company and the long term goals (not in the investors' views), this is a good move that will give $SDOC a fighting chance.
That would be excellent. Will continue to load more as I see opportunities.
Looks like a good thing I loaded a few more @ .06915 (ave) of 11k in shares. Not a huge investment but then again SDOC is highly volatile at the moment.
Will be very interesting how this plays out. But I do expect many day traders here so I will be watching $SDOC closely.
How about you hit the ask?
I guess someone had to say it lol
Here's the problem with the company being delisted. I expect a ton of short interest, more so then there currently is. Obviously short selling a stock will drive PPS down. I can see this thing trading under a penny per share in the coming weeks. My current target is .009 simply because short interest is expected to increase, because they are defying regulators requests, because of their massive debt and low revenue.
With that being said, if we can avoid ch11 and stay afloat through the dry spell we could go back just under a buck over a year or so. Not sure how likely it is.
My main concern and maybe someone could answer this is how much convertible debt does SD have?
I would consider it a lotto play. Me personally have no intention of selling what I have at this time, but then again I only have 3k in shares. But those were averaged about .24-.26
Yes it will be moved to either OTCBB or OTC pink sheets. I'm sure it would fall into the BB category, as they are more regulated than pink sheets and, therefore, are more appealing to investors. The major issue now though is it could have less volume, which imo will indirectly cause the stock price to fall even more (because when there are not many buyers investors become scared thinking they will not be able to sell their shares). Of course this is speculation, but I feel this may take a pretty nice dip.
Another issue is that OTC stock are typically avoided by larger investors. Matter of fact, most investors. We will see more and more day traders/flippers and less long term investors, again causing price to drop.
NYSE suspends trading in SandRidge Energy, begins delisting proceedings
• The NYSE says it will delist SandRidge Energy (NYSE:SD) from the exchange and immediately suspend trading in SD’s common stock, determining the company is no longer suitable for listing based on abnormally low price levels.
• SD closed today's trade at $0.15/share and are down more than 90% in the past year; Moody’s recently called SD a “potentially unsustainable capital structure.”
• Earlier: SandRidge continues to resist call to shut wells amid earthquake concerns
Form T? 24 mil sell after market closed...
Just what we need, SD to try and be a hero.
Shows you just how much trouble they are actually in when they start resisting regulators rather than comply. But just wait a second, SD claims "...it isn't resisting regulators because of its financial position".
While I would like to see SD get back on track, things just start to look worse and worse every day.
DJ Oklahoma Oil Firm Resists Call to Shut Down Wells Amid Earthquake Concerns
Jan 05, 2016 05:30:00 (ET)
By Erin Ailworth
A financially strapped Oklahoma oil company is defying the state regulator's request that it shut down six wells used to dispose of wastewater, despite fears they may be contributing to earthquakes.
Sandridge Energy Inc., which has complied with similar requests in the past, said this time it won't stop using its wastewater disposal wells, which are part of the company's oil-and-gas fracking operations.
A growing body of research links temblors in Oklahoma and other oil-and-gas-producing states to the use of disposal wells, though Sandridge and other prominent shale producers have been vocal critics of those geologic reports.
The Oklahoma Corporation Commission, which regulates energy companies, is working on legal action to modify Sandridge's permits in order to force it to abandon the wells, said Matt Skinner, a spokesman for the agency.
Oklahoma's regulator has been clamping down on wastewater disposal, asking operators to voluntarily pull back on their use of disposal wells in earthquake-prone areas. Last year, those requests resulted in the shutting down or curtailing of operations of about 300 wells.
Sandridge's refusal to comply is a closely watched challenge to the state's authority. The company's earthquake conundrum is one that more drillers could face this year if oil prices continue to languish at low levels. Some of those, like Sandridge, need disposal wells to keep producing crude.
Sandridge may be reluctant to shut down the wells because it needs every bit of revenue it can generate at this point, said Jason Wangler, an analyst at Wunderlich Securities. Even if Sandridge continues to pump all the oil and gas it can, the company could run out of cash in 2016, he said.
The company has said that it isn't resisting regulators because of its financial position.
"Any directive by the Oklahoma Corporation Commission to the industry should be based on solid science--a position that is independent of our financial condition," said David Kimmel, a spokesman for Sandridge.
The six wells in question are located more than 100 miles northwest of Oklahoma City, near the state's border with Kansas. They are used to re-inject wastewater back into the ground. When energy producers pull oil and gas out of a well, thousands of barrels worth of salty water laced with heavy metals flow up along with the fossil fuels. That hazardous wastewater is often pumped back underground into so-called disposal wells, which are located at much deeper levels than aquifers.
Such wells have proliferated across Oklahoma over the last five years as the U.S. drilling industry boomed. Over the same period, earthquakes have rattled the state in skyrocketing numbers.
Oklahoma registered more than 2,500 earthquakes with a magnitude of 2.5 or higher last year, according to the U.S. Geological Survey. In 2005, there were only three.
A 4.3-magnitude quake last week temporarily knocked out power to nearly 4,500 homes and businesses in Edmond, a suburb of Oklahoma City. That quake prompted State Rep. Richard Morrissette (D-Oklahoma City) to call on Gov. Mary Fallin to use her executive authority and halt wastewater injection wells in earthquake prone areas.
"How much evidence do we need to know that there is a problem here?" he said.
Michael McNutt, a spokesman for Gov. Fallin, said the Oklahoma Corporation Commission has exclusive authority over oil and gas operations in the state. "The governor absolutely does not," he said.
In the wake of the Edmond quake, the commission on Monday issued a new request to several energy companies, asking them to curtail disposal well operations.
The price of crude-oil has crashed from over $100 a barrel to less than $40 in the last 18 months, forcing many debt-laden energy companies into pumping as much as possible so they can make payments to their creditors and stave off bankruptcy. But producing more oil and gas means producing more wastewater--and finding ways to dispose of it.
There are alternatives. Some oil-field service companies load wastewater into trucks and haul it to special treatment plants, where it is cleaned for reuse--sometimes recycled back into oil-and-gas operations or, in some cases, used to water crops. But those options are usually more expensive than using disposal wells.
Sandridge warned investors last fall that if it loses even some of its ability to use wastewater disposal wells it may be forced to significantly dial back production, which would cut into sales, according to filings with the U.S. Securities Exchange Commission.
Sandridge's shares, which trade under 20 cents apiece, are down nearly 90% in the past year and the company is in danger of being delisted from the New York Stock Exchange. Moody's, the credit-ratings firm, has called Sandridge a "potentially unsustainable capital structure."
Write to Erin Ailworth at Erin.Ailworth@wsj.com
(END) Dow Jones Newswires
January 05, 2016 05:30 ET (10:30 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Bid is now starting to consolidate on 8s!
Excellent. Thanks for the update!
Ha not a thief just an intelligent investor who knows the market better
That's typical, trading has stopped now. People hesitant to sell because they see the bounce now, but people hesitant to buy because they just saw the drop.
But what I am seeing is a positive momentum movement on MACD, actually it's quite steep.
This will be back past .001 in no time IMO
MACD showing upward momentum again. We are bouncing off from the bottom. Betcha all the frightened sellers will all be chasing on the way back up when they realized they made a mistake! HAHA
It's so hilarious to see everyone dropping their shares because a temporary drop in PPS.
Don't forget CEO owns about 2.5 BILLION shares. You think he wants to lose his money? I don't, and I am following the money not all the scared little shareholders who see a drop in PPS from a flipper and s..t their pants.
What a bummer to all the sellers... Looks like this thing is going back up. Weak ask and strong bid.
$LTNC < Never doubted you one bit
Ouch what a sell off. No matter though bid support strong now @ .0007.. Meaning my time to buy more. I have been waiting for a correction for quite some time now. 8s should be a good buy at this point.
Just ridin' the waves, weak hands selling for profits right now. But I'm not concerned at the least.
Nevermind Found it on NASDAQ
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
12/15/2015 58,801,104 14,256,248 4.124585
11/30/2015 72,193,677 10,767,139 6.705001
11/13/2015 64,448,875 13,356,059 4.825441
10/30/2015 62,202,657 14,357,697 4.332356
10/15/2015 73,224,365 23,030,778 3.179413
9/30/2015 68,400,250 21,942,472 3.117254
9/15/2015 73,239,863 13,874,125 5.278882
8/31/2015 79,588,693 13,165,686 6.045161
8/14/2015 77,440,611 12,726,217 6.085124
7/31/2015 69,392,315 13,200,272 5.256885
7/15/2015 82,490,252 14,380,718 5.736171
6/30/2015 81,887,854 17,870,476 4.582298
6/15/2015 74,865,083 8,116,798 9.223475
5/29/2015 78,717,293 15,560,698 5.058725
5/15/2015 71,219,209 18,387,935 3.873149
4/30/2015 69,035,139 16,225,395 4.254759
4/15/2015 68,770,579 13,549,394 5.075546
3/31/2015 68,987,063 10,738,876 6.424049
3/13/2015 65,491,602 12,277,813 5.334142
2/27/2015 62,828,340 20,079,056 3.129048
2/13/2015 55,392,986 24,169,444 2.291860
1/30/2015 63,821,798 13,632,108 4.681726
1/15/2015 71,938,447 17,215,271 4.178758
12/31/2014 59,343,248 14,808,476 4.007384
12/15/2014 58,757,551 21,830,128 2.691581
Read more: www.nasdaq.com/symbol/sd/short-interest#ixzz3vodKs0Qf
Anyone have an idea of current short interest in SD?