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A 20-30 on the RSI means the stock is oversold bro, not gonna happen.
PSAR is a poor indicator of any trend.
The technicals support a major move,
This will be the catalyst:
http://www.reflective.com/products
This is what makes the company valuable. This is the product the companies want.
Chart looks beautiful for a technical move.
Look at the chart.
RSI reset, curling off of 60.
We have completed the fibonacci retrace off of the previous high of .002.
We are back to a strong base level in the money flow index.
The MACD has crossed over the signal line.
The a base has formed at current PPS with strong bid support evidenced by the last few trading days.
We have two green candles on very small volume last two trading sessions, which is a strong signal of a base.
T-traded continue in smaller and smaller amounts, with several of them being above the closing price of the day. Not always a sign of dilution, also a sign of accumulation. I often see this before opening major news and huge breakouts.
This is why this company is undervalued and why some wants to buy them:
http://www.reflective.com/products
They want these programs because they are proving themselves to work.
Ya who'd U send it too huh
Well the plus to thisnisnthe chart has fully reset, the retrace fib has been completed, MACD is curling back up, RSI back to 50, still a strong base in low .001, it will bounce back today and close evn
HEY... Me too tehe
RSI finally has a chance to cool off
VNDM needs to get off the ask
Dude I don't understand why you would want to buy bonds of a company that is extremely mismanaged. There are way better places to place your money.
Gap ups are typically bad
Bleh I'm not a fan of San Fran
The only DD on this stock is that all the commons will be canceled in 30 days. Don't trade this.
I would rephrase that.
The complex IS the largest complex in the world.
The company itself is likely larger and they own the complex.
So what does SPO get out of it? To work in the largest complex in the world, for a company who likely has assets worldwide.
So your not looking at one company who has one complex. Your looking at one complex owned by a company that likely has numerous complexes/assets throughout the world.
And you base this on what?
Judge is talking...
It'll be a longer than that dude
No article I've read says it "overstated" it's reserves. All the articles just say it wasn't reported accurately
He said he will take judicial note of the pending SEC investigation.
Which means he will give extra considerations to the investigation in his ruling.
The judge knows the shareholders lawyer and there reputation and holds him, particularly Ken McKay, in extremely high regard. Because of this, judge is willing to let the filing issue from yesterday go.
The judge just can't throw out a case because HE thinks oil prices will go up.
Now you are correct, they likely will go up, we are probably a ways out from $60-70 range though.
The judge though, has to make a decision based upon the facts discovered during the trial.
The shareholders committee would have to convince the judge that the current market situation and futures for the commodity may have to be taken into account and the business value reevaluated.
I believe in the hearing, HL said they used a commodity pricing model of $50-55 for the price of oil on which they calculated the value of the reserves. This is a pretty low number and I believe Cross made her case that it was. The overall market consensus, at least from what I've read, is the oil will be in the $65-75 range by early 2018, where it will likely remain.
The judges opinion on the price of oil is not relevant. For it to be, someone (the shareholders) would have to make the case, which I believe they are doing, among other things.
The judge just can't say, "Based upon my opinion that oil price is going to go up, I believe Sandridge can make it work, case dismissed." In this case, his ruling would be opinion, instead of making a ruling based upon facts as presented to him in trial.
They didn't try to get the judge to do anything or fast track the case
How so, I had to get off the conference call, would like to know what she is sauing
Cross is on the stand
Judge just said they will continue with the witnesses until 4 and then continue tomorrow
Our lawyer about to destroy Houlihan with the SEC allegations and other cases that have been brought against Sandridge regarding misrepresenting their date
It's at around 30%, almost doubled
A judge just can't throw out a case. He has to complete the legal proceeding. He can only stop it if there is clear admission of guilt. Ken McKay didn't even get the opportunity to finish his questioning of HL. There are still several witnesses, including the shareholders Subject matter expert, that still need to be questioned. Then here has to be concluding remarks.
All the shareholder lawyer did was prove that there is probable cause to doubt the "expertise" of HL in their preparation of the valuation. He cast doubt onto the validity of the data that was provided to them that they based their valuation on. They are a consulting company and are entitled to a fee. There fee structure is pretty ridiculous and can also cast doubt as to whether HL has been incentivized to do whatever they can to make the confirmation pass. And it seems pretty steep for a "bankrupt" company to be able to pay that. Regardless, they are entitled to payment.
All the lawyers have done Is cast doubt onto whether HL prepared there report in an unbiased manner, with good date, and with an expert valuation. At this point we don't need concrete evidence of foul play by SD. We just need to cast doubt upon SD valuation. This also be should be enough for the judge to deny or delay confirmation of the current proposal.
You have to have a level 2 to see the MM's
This is a moot point in regards to the valuation of Sandridge.
No accounting/valuation firm will depreciate a company based upon potential earthquakes. Plus there is no viable means to calculate potential damages for things things that have not happened yet.
Does anyone know who Carrie Openheim is from Kirkland and Ellis?
Great news for shareholders! Our lawyers tore apart Houlihan-Lokey
He nailed him in my opinion.
The trial is still going
Sandridge continues to object to the judges statement he will let Cross testify.
Judge said he has yet to figure out the complaint that the equity committee has come up with.
He essentially has said that the equity committee must have some kind of case to be putting up such a fight and wants to hear what their complaint is about.
He is going to give the shareholder committee a chance to show him what we are complaining about.
HE WANTS TO HEAR IT