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The reversal trade off of LOD was over 1.7 million shares. Somebody dropped over 3/4 million dollars on that trade alone.
At 12:22 pm somebody bought over 1.7 million shares close to $.50. That's showing some support.
Just remember this is a "tight hole" exploration well and may remain so for a while for business reasons as is common practice with that type of well. Everyone, be patient. As Warren Buffet said, "the stock market transfers money from the impatient to the patient" (paraphrased inexact quote).
Ditto...well said.
Nope. I work in the industry and have experience with those type of wells-but nothing to do with GSPE other than owning a few shares. If you search it, you will see I actually provided some rough rules of thumb for production rates.
Clay, have you looked at CHK lately? https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145466509
It depends on the thickness of the pay, and the permeability, as well as the quality of the completion as to what the peak producing rates are. There are multiple examples of deepwater Miocene wells with 450-500' of pay accessed by a couple of well-executed frac-packs which make peak rates of 50,000 BOPD at comparable depths to Tau. One might say if it is truly analogous, then it something like 10,000 BOPD per 100' of pay as a rough rule of thumb. At that depth, there will be plenty of pressure, but you'll probably have to have water injection to sustain the reservoir pressure and rates.
This is a wildcat, and many things can go wrong even when the best technology and experience is deployed. I've seen sub-salt miocene exploration wells that had birthdays at this depth because of sidetracks driven by things like tar, sub-seismic faulting that causes the reservoir size not to be as anticipated. The reward is high, but even with the magnolia prospect's success, this first well is probably not really a 44% chance of success. This is just the first look at the petroleum system, which is very prospective, but likely to be complex.
A more realistic expectation is that it might be a second or third well that really delivers or exceeds expectations. In the grand scheme of things, this is an awesome prospect though, because costs will be less and development cycle much shorter than in deepwater if they hit commercial pay. This also means it takes less pay to make a commercially viable discovery. It also means that we shouldn't expect the stock to go to the moon right away, expect that results will be released slowly, a lot of work goes into evaluation and appraisal of a discovery, if there is one, before that will happen.
The stock will be manipulated by shorts and longs in the meantime, and expect that there may be dilution to raise capital. I entered under a nickel, and will watch for capitulation chart signals to buy and exhaustion signals to sell. This is a very interesting stock for me, but it is highly speculative.
got me some of this now.
1) Soap on a rope.
2) A copy of "Who moved my soap" a CEO's guide to prison.
If I only had those millions, LOL! I'm just watching it now, but may dip a toe soon-I am not as big of a player as you are. What a dividend, do you think that is safe to continue for the future? As long as they don't make a big hedging mistake maybe it will be.
Some infrastructure in the eagle ford is overbuilt from the exuberance of a few years ago, so that is a factor but another one is that the Permian pipeline capacity will be maxed out in a year, and for a year before new capacity comes on line. The nearest place to productively use those rig is in that area-assuming that gas prices continue to firm as storage data may be indicating: http://ir.eia.gov/ngs/ngs.html
https://btuanalytics.com/eagle-ford-upside/
Well I think we might have found that bottom. I'm looking to get in here, I think.
TSLA would be an interesting chart analysis to see right now, I think.
Gary Hindes, new commentary http://www.delawarebayllc.com/images/10_Years_After_Henry_Paulson_s_Colossal_Blunder.pdf
"If, as Treasury Secretary Steven
Mnuchin has said repeatedly, the administration
really is committed to getting Fannie and Freddie out
of conservatorship, Trump & Co. could end up taking
credit for making the best deal for America since the
Louisiana Purchase. On the other hand, the
opportunity is significantly diminished if Judge
Sweeney allows the shareholders their day in court.
That’s because while the other lawsuits challenge only
the net worth sweep (and seek only a return to the
original 10 percent dividend), one of the cases
challenges the legality of the 2008 takeover itself. A
court ruling invalidating Paulson’s seizure would not
only negate the aforesaid $250 billion profit, the
equation would then reverse, as it opens a Pandora’s
Box which could end up exposing the taxpayer to the
possibility of hundreds of billions in damages instead.
The clock is ticking. Spring is not that far
away. As the author of The Art of the Deal likes to
say, “we’ll see what happens”.
Gary E. Hindes
Labor Day weekend, 2018"
I doubt it, I bought some, but looks like rat poison to me. I'm thinking TURN is a better bet.
Good question. https://ih.advfn.com/p.php?pid=nmona&article=76903070
Why file a statement of ownership of "zero" shares?
FMCC COO committed suicide in 2009 http://www.foxnews.com/politics/2009/04/22/freddie-mac-cfo-dead-apparent-suicide.html
There was an SEC filing released this morning: https://ih.advfn.com/p.php?pid=nmona&article=76150880
DRYS is up 4% in Stuttgart, perhaps this portends a good day.
Earningswhispers.com says earnings release is Nov 28...so this sideways channel with declining volume may continue until then.
Wonder why the dumpage this close to getting earnings?
Glad to see more interest within Govt. Thanks for posting.
2010 article....
And fuel costs are low...
It hit 10000 in 2006, and in late 2016/early 2017 was at historical lows.
https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/bdi.html
https://www.investing.com/indices/baltic-dry
BDI has increased over 71% since June 2017 (2nd quarter financial report).
This stock has been skimming just below the 50 Day moving average at very low volume for the last several days. Any catalyst that brings some buying volume will pierce it up through the 50DMA, triggering it on a lot of screening tools. It would be awesome if there was a short squeeze.
https://finance.yahoo.com/news/earnings-review-free-research-report-113000486.html
Segment Details
Drybulk - For the reported quarter, DryShips' Drybulk segment's voyage revenue increased 80.6% to $12.23 million from $6.77 million in Q2 FY16. For the reported quarter, the segment's voyage expenses increased 170.5% to $2.38 million from $880,000 in Q2 FY16. During Q2 FY17, the segment's fleet utilization was 100% compared to 95.4% in Q2 FY16. During Q2 FY17, the segment's daily vessel operating expenses increased 31.7% to $6,320 from $4,798 in Q2 FY16.
Balance Sheet
As on June 30, 2017, DryShips' cash and cash equivalents including restricted cash increased 55.2% to $119.18 million from $76.77 million in Q4 FY16.
During Q2 FY17, the Company's total debt increased 73.7% to $231.83 million from $133.43 million in Q4 FY16.
During Q2 FY17, the Company's total assets increased 282.0% to $740.07 million from $193.73 million in Q4 FY16.
Stock Performance
At the close of trading session on Wednesday, September 20, 2017, DryShips' stock price declined 1.88% to end the day at $2.48. A total volume of 1.54 million shares were exchanged during the session. The Company's shares have a dividend yield of 2752.42%. At Wednesday's closing price, the stock's net capitalization stands at $168.44 million.
Volume is only 1.7 million shares.
Pacer is paid service for lawyers, and there are several that are active on the fnma board, another good place to find them is in the bankruptcy plays. Haven't seen any that I recognize on this board. Some of the ones that come to mind are Rocco2 & Rekcusdo (both post on FNMA from time to time).
http://marcellusdrilling.com/2017/08/dominion-asks-ferc-to-allow-feed-gas-for-testing-at-cove-point-lng/
lets light this candle. indeed that photo is George Economou.
Cornyn is a stuffed shirt who does little for his constituents. I contacted him years ago about a serious issue and he did nothing but send back a vague form letter. I think he needs to understand that we are beginning to perceive this as not so much a bad investment decision as he suggests, but rather one of bad voting decisions.
On the other hand,our other senator, Ted Cruz is a VERY different than Cornyn. He and his staff are responsive.... and even more so after one makes a campaign contribution....
ATHENS, Greece (AP) _ DryShips Inc. (DRYS) on Wednesday reported a loss of $15.6 million in its second quarter.
The Athens, Greece-based company said it had a loss of $37.12 per share.
The operator of oil rigs and dry cargo carriers posted revenue of $16.4 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $3.08. A year ago, they were trading at $81,642.20.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DRYS at https://www.zacks.com/ap/DRYS
https://finance.yahoo.com/news/dryships-reports-2q-loss-201447123.html