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Yep, them making the interest payment shows they believe they can weather the storm. Also another factor of why they waited could be to see which direction oil was headed, and it is back close to 40.00 a barrel compared to the 29.00 a barrel when they deferred payments.
You do realize the break even point is different for each region, you have no idea what you're talking about.
It was crashing, pump and dump now it might hit .20....good god some of you amaze me.
Haha i have been banned from several stock pages due to pointing out facts/BS and other things. So who knows but i wouldn't waste my time trying to figure it out.
How do posters like you who fabricate total BS not get banned to 1 post a day ?
Clueless....
Really.............
Classic pump and dump.....Most pump and dumps dont have thousands of active wells around the country. Nor a big corporate office in Oklahoma. Dude just stop no one is listening.
Could be, but pretty much all Energy stocks are up pretty big this morning thus far.
My guess is that someone knows something we don't know. Oil is rallying this morning so that could also be a factor.
Haha the Confirmation that "apparently only he heard about" I-hub kills me. As if they think they actually do much if anything to move the stock down.
Yes assuming that there isn't any significant bad news.
I will not tell you what you should do with your shares, i know i will hold my NEW ones until 2017 at the very least. I did double up on shares, but yes IF things go the way they should as far as oil goes we could all see big gains. Have to weigh the Risk vs Reward.
My whole point is it declined due to a declining oil price, but since it was already a dollar stock it fell harder than most. Yes it will take a few factors for this to make a significant rise in PPS, but i believe that we will get there.
You do realize that nearly every major US Oil & Gas stock is down nearly 80% since Dec 2015 right. You do realize that the price of oil per barrel dictates the profit that all US companies are able to generate. And you do realize that 3/4 of them can not make any money with oil less than 50.00 a barrel.
The price of oil tells the tale.
From what i have seen with other companies i work with who have filed, none wanted to file it's just they ran out of cash. I think SDOC has good enough cash on hand to weather the storm as long as we get out of this oil funk within the next year.
That is the key, how long will these low oil prices remain. I for one see us at 50 dollars a barrel by September. If it can get there and stay there then yes all will for sure be good.
I knew and worked with Sandridge long before they were a Pinksheet stock....
First hold to .40, then you sold all the way to .14, now we all need to hold to 1.00....man no one here takes your bold wording serious !
Really.............
You didn't wait for .40.......haha
Bullish, i don't read any BS on the market. I will not be chasing anything even if this does make it up to 50.00 dollars one day, good. I made money here so i'm happy with it, i have much bigger oil stocks i am in that are my bread winners.
Yes drillers will begin drilling again, new projects will start, and things will start to turn around for the better.
I have been in the oilfield for a long time, i wasn't born yesterday either. Of course there is an oil rally in progress. Problem is that it will take 3 months of consistent 40.00 oil before the US oil companies/shale companies see any affect from it. Will do nothing anytime soon to relieve the squeeze that has been put on the US market.
You too man, i'm sure i will get back into SDOC one day ;). See you all then.
Are you serious..... Same way i can have tons of Cash in my bank and not pay bills just IN CASE i need it.
Chances are very good they default on the interest payment IMO. Others wise with all that cash why delay on paying.....
Considering i invested in 3 other oil companies during the crash i highly doubt it. I only sold SDOC because i believe it will return to .06 or below due to the fact they most likely will default on their loan interest payment that is upcoming.
Whew WTF happened here ?
I sold at .115 i see a pretty big pull back coming, and i will try to triple my shares. I could be wrong, but i also hate leaving profit on the table only to see it washed away. We shall see.....
Check out other companies whos CEOs have been convicted of fraud, they rarely go after the company cause when the company helps the investigation it makes the process a lot easier. Trust me if they planned on going after the two companies CHK wouldn't of been granted a free pass.
Highly unlikely due to the fact that they are looking at the former CEOs of both companies, and honestly they still have to prove it, which may be more difficult with Aubrey dead (RIP was a great CEO my former boss for 4 years at CHK)
I agree, big risk but bigger reward.
I know....It was involving both companies OLD CEOs. Not much will happen with this as far as SDOC is concerned.
I do agree, if anything this helps get SDOC some more exposure. Could turn out to actually help us IMO.
Negative, SDOC OLD CEO Tom Ward was the one responsible. SDOC will face little if any issues as CHK will face very little.
At least Oil has been rising slowly the past few weeks. 34.50 a barrel right now.
Oh yeah them 2 million shares.....whew who opened the flood gates......yeah right.
You know the problem with short term goals.....short term results.
depends how you look at it, when shares are cheap at .03 and it goes to .06 you have a 100% gainer. They can't all be 1000% ers.