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I'm right there with you. I've had an opportunity to double twice on this and got greedy. 3rd times a charm for me. Haha $SSN
Turd sandwich!! Come on $SSN..
Just saw that. $SSN
News coming!?? Why the run??
Lets see this thing break .035!! $SSN
Volume looking good here! $SSN
Was just made aware of that. I guess I forgot that key piece but you are right. Thanks!! $ SSN
What's not to like? Haha I am doing some quick math and I mean extremely quick but with this new well and current oil prices of about $108-$110 a barrel that's anywhere from $143k to $195k per day in revenue. Obviously there is other things to take into consideration that I'm not aware of but that's what I'm seeing that's makes me think we're in good shape. That's one well. Also, the target oil price per barrel for the next year is $122. I think this is good in my opinion.
$SSN
This is a good well!! This is an old stat but Bakken wells drilled in calendar year 2007 had an average initial production rate of 240 barrels of oil per day during the first 30 days. I'm going to keep looking for more current stats.
At first glance here are some initial thoughts on the financials.
Although the company reported a loss they are moving in the right direction and could be CFP by mid year this fiscal year. Due to the large exploration cost right off they had that really made that loss look worse than it really is.
Revenues are also reduced YOY. Some of this due to lower oil prices but also due to lower production.
High points: EOY was in June. We have already moved forward and are well into 1st qtr. increased oil prices will help with revs.
It was most likely a strategic decision to take the expense last year versus carrying it into this year to help financials going forward.
It appears exploration costs are slowing.
Hopefully there is good news on the horizon. If production increases and oil costs increase or stay higher than previous qtrs we should see significant improvement in the qtrs to come.
Go $SSN
Good luck all
JMHO
Ditto. Sorry to duplicate your last post.
In Denver, not Boulder where most of the flooding is/was happening. My headquarters is also in Denver and they are not under water.
Steady as she goes...
$SSN
Pre market trading?? I'm mobile so I can't see if that's accurate. $SSN
to* spellcheck
Disagree. First two market with a number of products. Muscle Gel??
Undervalued.....I can't say. I haven't looked into current market valuation for $SSN recently. Is there an upside for the stock holders?? In my opinion I believe there is. A lot of things in the oven right now.
TNT time!!
I like the boom stick!!! Lol Go $SSN
Welcome aboard!! Should be a fun ride!! $SSN
I would expect something sooner if they finalize the fracking or have something worthy to PR. I do believe you are correct though about the weekly OU's. thanks. $SSN
Hmmmm....not sure. Lets just hope it continues thought the next couple of weeks. $SSN
Operational update this evening??? $SSN
Just picked up a few to round my total share count!! Lets go $SSN bring home the bacon
Are we gushing oil??? Haha $SSN
I'm with you. Yahoo = bashers and pumpers 85% of the time.
Wow...Zombiepumperboy seems like a real D bag!
Fracking complete today...I think we might be in for a ride over the next two months.
Sorry I missed your post on the land sale. I still think they will pursue another potential buyer but not a priority.
Go $SSN
That's the way I'm reading this as well!! $SSN show us the money.
I like this mindset!! Lol $FITX
Nice
I'm assuming by the low volume most are waiting on news of the fracking results. Come on $SSN show us something
Piece of crude?!?! Lol $SSN
Tonight/tomorrow is when the stimulation fracking is to occur. Lets hope they hit oil and gas like no other!! Come on big money, no whammies!! $SSN
Hope to keep the volume up and see some movement over the next few days. Still holding
Lets hope the 5th shows us something. My goodness this is painful
Perfect time to see big news, I agree! Come on $SSN I need a winner in my portfolio lol good luck all!!
At this point I just want half the money I've lost here. Ill use the other half this year for a tax loss. I thought I was loading at a great level at .0049....I thought wrong....very wrong!! Makes me sick every time I see current share prices. The one thing I've learned in my novice years of investing is that; if not handled properly/carefully, dilution will destroy a company and its shareholders. It sounds so obvious but I didn't see it until I went all in on M$LP. It takes a lot to right a sinking ship and they have been fortunate. Lets hope $FITX is as well.
Based on the presentation I think they have very high, realistic goals for the upcoming months which should drive prices much higher in my opinion. $SSN
Oil rallied today....will we see a $SSN rally in the near future?!? Come on guys....show us the black gold, Texas tea, bubblin crude!!! I want this back up over a $1.00 again.
I thought the same thing but maybe this is indicative of where the companies moving going forward. Although I was hoping for a nice promo to unload but I think Ill hold for now. I've been here too long to turn bak now. $FITX