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What's this? An article from Seeking Alpha that is NOT negative:
http://seekingalpha.com/article/1740302-nuverra-liquidity-fears-overblown?source=yahoo
Long on NES but is this the same Al Gore who claimed to invent the Internet? It's a rhetorical question. You don't need to answer.
Doesn't look like we will get that bump up near the bell. Bid/ask ticked down with volume higher than recent past. Makes no sense but in the long run it really doesn't matter. If this was a result of negative news then there would be reason for concern.
Well, every village needs a village idiot and SA appears to be holding open auditions. Just a gut feeling here: most of the volume and selling came early in the day. Buyers may be waiting for a confirmed bottom before jumping in today. Perhaps a bump near the bell with a closing price at or above $2.37. IMO we will close the week at or above $2.45.
Hampden...I agree with you completely. Nothing else makes sense. I suspect that going forward the overall trend will be up leading to what should be a positive Q3 announcement. IMO longs should just ignore the day to day volatility as I think good things are coming. Day traders will do their thing. Those ready to jump off the ledge should probably sell and invest 100% of their money in index ETF's/funds.
Could be. But once again the source is a Seeking Alpha article written by someone shorting the stock...this time GRH. Gee, do you think the author might have an agenda? If this is the reason then NES WILL bounce back because the source is neither credible nor relevant.
It is strange. No reason that I can find. Let's see what happens the rest of the day. May get a nice bounce back with a follow through tomorrow. Still have to think long term with this one. In the long run a bad day is meaningless unless you sell. Still expecting a positive Q3.
That news came out early yesterday so any movement to that should have happened yesterday. I just think the stock is oversold. Period. I also think there may be some anticipation of a positive Q3 announcement.
Boiled_Peanuts...and if things were as dire as you would like us all to believe, banking would not participate in this. Are you one of the shorts? Every one of your posts is negative or just plain false. Again, try reading The Motley Fool. You might actually learn something.
I think it also helps refute the nonsense articles from the clown at SA who only wants to short the stock.
boiled_peanuts...why don't you do something useful besides being critical of others. I have a suggestion. Read The Motley Fool. The Fool has a proven track record and solid recommendations. It is one of the best sources available to gather stock information for long term investors. If you are a day trader, and judging from your posts I'm guessing you might be, then The Motley Fool probably wouldn't be for you. That might also explain your suggestion the other day that they are like other pump-n-dump scams. Do you research before you make reckless statements like that.
Would love to see it close end of week above $2.37 with a positive close on Monday. Would bode well going forward.
fredugsi...Would be nice if you're right. Have to be careful when using words like "never." Nuverra is up and down like a yo-yo.
Appreciate it scott88. Don't like to see a credible source questioned out of ignorance.
boiled peanuts...The Motley Fool does not participate in pump-n-dump scams. They are more long term focused and provide solid investment advise. You obviously don't visit their web site because you have no idea what you're talking about. The Motley Fool is a credible source. You made a fool (no pun intended) with your post.
One more thing about this clown from SA...he chooses to remain anonymous. He is shorting the stock and remaining anonymous! What does that say? Just read his profile at SA. IMO he has no credibility. He has an obvious agenda and hides his identity like a coward. Now, if this article came from a credible source, like The Motley Fool, then there would be reason for concern. This is nothing but a hiccup. I just hope none of the posters here gave the buffoon what he wanted by selling your shares.
They can't respond publicly to all of these class action suits for obvious reasons. We discussed that subject at great length. I spoke with Kathy Price for about 45 minutes. Very insightful conversation. She answered all of my questions in detail, was very knowledgeable, and made sure I didn't have any unanswered questions before we wrapped things up. Kathy is a very nice lady. I have attempted to reach investor relations personnel from other companies in the past to no avail. She actually called me back and spent quality time with me discussing the future of Nuverra. I didn't think it was relevant for the company to issue press releases. IMO, some companies do too much of this just to get a temporary pop in the stock price. I you would like questions answered I suggest you contact investor relations yourself.
The SA author has one agenda and that is to short the stock. That's what he does. He will spin the numbers to scare investor's into selling. It worked the last time and so far it's working again in early trading today. The author has written 5 articles for SA, gets paid about $500 for each one. But his main objective is to make money by shorting stocks. Consider this when reading his crap. After his last article, Kathy Price responded to me with, "Thank you for contacting Nuverra investor relations. Jay Parkinson, CFO, refuted the Seeking Alpha article yesterday in an interview with Bloomberg TV, particularly the point about the company being headed toward bankruptcy. (Nuverra is light years away from not being able to meet its obligations. What is more, the covenants would not impact all of the debt, only the bank debt, which as of Q2 stood at $152 million. And the Company continues to pay down that debt.)
In addition to Mr. Parkinson speaking with Bloomberg TV, Nuverra management and investor relations have been out proactively speaking with investors.
I have spoken with Kathy since and am personally satisfied that Nuverra is fine. Things are headed in the right direction. Don't fall victim to this garbage from SA.
I wouldn't count on that. You're talking about a month and a half away from the Q3 announcement. I hardly doubt they even know the exact numbers this far in advance, so why guess? They did the correct and prudent thing prior to the Q2 announcement with a preliminary announcement because they knew they would fall short of expectations due to the weather in the Bakken region. They did so not to surprise investor's. IMO, another preliminary announcement to the Q3 announcement would only happen if they were to fall short of expectations again. I think they will fall in line with expectations or possibly beat them slightly. Things are progressing, the deal with HAL is positive, and the weather in the Bakken has not been a big problem. Stop worrying!
I believe forward guidance cautioned that there was a good possibility due to the weather during the first half of the year.
They couldn't predict the weather. Any company involved in the Bakken region was hurt by the excessive rains. Heck, Nuverra couldn't get their equipment in place. We're not talking about paved roads here! Also, because of the weather issues, didn't they suggest year end earnings may be lower during the Q2 announcement?
Hampden...outstanding post! EOM
Obozo may be able to charm the stripes off a zebra but I don't think he is smart enough to get involved with what you are suggesting. Maybe he would have to seek the advice of his buddy Putin!
Just because HAL wants something doesn't mean they will get it. Acquiring a company takes two willing partners. How exactly would this benefit NES long term?
NES is acting like a penny stock. Whatever the FED decides won't have much, if any, effect on this stock. The FED will have a broader impact on the DOW, S&P, etc., if not already priced in unless the FED makes an unexpected announcement.
What can't be overlooked is Johnsrud's purchase. Why would he make that kind of purchase if he didn't feel confident it would pay off?
Hampden...good work. EOM
no, but IMO shorting this stock was and still is a big risk. Nothing to go on but speculation. May as well take your money to Vegas.
scott88...I think the biggest problem is the price. As you stated, sentiment overall is positive. The issue is NES is whipsawed like a penny stock. Until the PPS moves north, and stays there, none of this will make any sense. I'm just holding and adding on any significant dips as long as the drop is without merit (like yesterday).
fredugsi...I wouldn't look for that either. It is what it is. NES is traded like a penny stock. Down 7% and for what reason? It's disappointing but I wouldn't be overly concerned. If you added to your position today I think you did a smart thing. Once NES gets more established and starts to consistently deliver good results, which I believe will happen, then this should a very good investment. Notice I wrote investment and not trade. Think long term and you'll be fine.
Don't expect a HAL buyout. These things take time. November 4 will not determine the future of NES. November 4 will only determine the short term price of the PPS depending on how day traders react. This is up and down like a yo-yo. It moves for no apparent reason, just like a penny stock. Live with the volatility and NES will be fine long term.
That he thought the low $2.30's was a good purchase price. I added more at $2.25 a couple of weeks ago and just added some more at $2.37. I think at theses prices NES is on sale...notice the low volume. I look for a higher PPS starting sooner than later. I will buy on dips when given the opportunity. My average is now at $2.62 and I feel good about that. It won't take a whole lot for this to pop. However, I am long and I think this could move nicely to the upside if 3rd Q results are good. Get this above $5 and it will stop being manipulated like a penny stock.
Not interested in a 10 day forecast. EOM
Well, I certainly hope you are right. Keep in mind that NES reacts like a penny stock due to the PPS. The drop after the SA article, Cramer's comments, etc. The stock has a high beta (1.38) because of day traders. I believe in the company so I am keeping my shares. I added more on the drop at $2.25. I just think the road ahead will be very rocky and unpredictable until revenue picks up and the PPS gets above $5. Volume is light today. Day traders will push NES one way or the other during the last 10 minutes of trading. Typical of a light trading day and especially of a penny stock. Long NES!!
Me too. Unfortunately, NES is looked at as nothing but a penny stock. SA, Cramer, and day traders can persuade the stock more than it should. The Dow is up over 100 today and yet we are down near 3%,typical of a penny stock. The beta, at 1.38, is high as well indicating a lot of manipulation.
kindo...you're right. That bodes well going forward. Only ones that should be concerned today are day traders.
I don't pay a whole lot of attention to what Cramer says. Do your you DD and make your own investment decisions. We've been in the green for how many days in a row now since the irresponsibly written Seeking Alpha article? We are due for a pullback, not alarming since the volume isn't heavy this morning. Don't be surprised if we finish up a tick by the end of the day and that will be the end of the Cramer nonsense.
One important thing; the open this morning was significantly higher than expected but without news, etc., was not sustainable. The gap up was nice but did anyone notice the back-n-fill going on this afternoon. This is very important, especially after a stock gaps up at the open. I suspect we'll continue in the green today with maybe a little push towards the close. Next week look for NES to close over $2.74, $2.80 and possibly higher.
All indications point to the PPS going higher. Thanks to the irresponsibly written SA article, the PPS dropped (followed by panic selling), and we were given a golden opportunity to add shares at a discounted price. NES will be fine and longs should be rewarded.
Walt5...I appreciate that. I figured you made your targeted 20% based on previous posts. As far as investments go I have done well with the following: NOV, IJR, BRK.B, IBB, VYM, TRRCX, and TMFGX. I'm also checking out BOFI. Good luck to you as well!