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Congrats, I've got four girls... they're silly. Expecting boy number 1 within days.
Agreed - Long 420,000 and looking to add if it drops any lower.
With MEMP I've got 60k face on the bonds.
& I'm in the common pretty heavy but I've got a hair trigger on my sell decision if there is any problem.
They have a bond payment on NOV. 1 and the credit facility is under review now.
They are hedged till 2019...the hedges should buy them another year IMO and that should give oil enough time to recover.
yes...any reason I shouldn't... that I should know.
I'm open to ideas or concerns.
***DENVER GOLD FORUM PRESENTATION - 9/21/2016***
http://www.denvergoldforum.org/dgf16/company-webcast/BAA:CN/
***DENVER GOLD FORUM PRESENTATION - 9/21/2016***
http://www.denvergoldforum.org/dgf16/company-webcast/BAA:CN/
MEMP, LGCY, EVEP
In relatively small quantities, and they've appreciated a lot since aquairing them.
Still have 150,000 face of BBEP
was converted to equity on SD & ARP
Bought a big position in the common equity of EVEP (25k) MEMP (17k) & MCEP(15k)
that might be a logical conclusion. unfortunately I'm not in there now.
Quite specific on the explanation.
Thank you for the post.
I think we have five months. And there are two mines in full commercial production.
If need be they could put the company up for sale.
Namoya - look at the quarter over quarter improvements in ore stacked and ore mined at Namoya
Our expectations may not be the same as the markets expectations.
In a rising Nat Gas environment SD would be highly undervalued. Due to prices being so low for so long nation wide production is declining rapidly.
Look at the supply table
http://www.eia.gov/naturalgas/weekly/
It's the time duration that makes them have that value (6 years). But I understand your point.
It would technically constitute an equity derivative...i guess.
this is rather a special situation though.
Holding 2,719 Common Shares & 3,343 Warrants
Holding:
2,353 Series A (SDRWW)
& 990 Series B (SDRDW)
Total = 3,343 Warrants
& 2719 common shares.
Curious to see how they trade. It's nearly impossible to get an option that is dated that far out. Turned out to be a nice addition to the deal we got.
Thanks for the info on the sand suppliers. I tend to try to shoot for 300% to 1000% returns and do so responsibly. While they seem like a safer bet. there is still significant low pricing of some commodity players that I believe offers far more risk but also much more reward.
Thanks for creating the boards also.
Great, Much Appreciated. Found it as soon as I entered the date range.
Thank You for the e-mail quote. It's appreciated.
you are likely to be converted to equity
I've sold all of mine before they took their grace period and bought EVEP common equity.
Sold for 50/100 inclusive of accrued interest.
So they are in discussions now and you are likely to be converted to equity from what I can see in the Tea leaves.
I let my Sandridge bonds convert and am reasonably happy with the risk/reward of my equity and warrants going forward.
VNR may be able to get more second lean debt...but they would just be adding weight to their capital structure, as the CEO stated on the CC they are seeking a "holistic solution" to the balance sheet.
I sold my preferred shares some time ago. When I saw that comment on the CC.
Certainly don't own the preferred or common.
Production data and corporate update???
Likely a simultaneous announcement.
That's typically how they do it when it is convenient to do so.. Production data and corporate update issued at the same time.
I know I'm biased a little. But it sounds like things are stable.
Adding drips back into my bucket.
Back up to 420,000 shares.
I think the warrants may be surprisingly valuable
I called Vanguard Options desk and the Corporate actions desk and they said that it can take a while...weeks even before they get the data forms on warrants that are issued out of Bankruptcy.
I think the warrants may be surprisingly valuable given their 1.6 to 1.7 billion market cap strike price of $41 & $42.
I think it is easily attainable given this companies assets were once valued at 10 billion. Given the six year time horizon I think time is on our side.
May I ask, what was the date you received your reply?
Long 415,000 shares.
bought back some of the ones I sold at 0.44 to 0.42
I'm not going to try to convince you to stay with it. That's not why I'm here.
Seems like you'll feel better once your off this train.
Although as you know there are lots of factors holding BAA back that may be resolved sooner or later.
He did not do a cashless exercise form what I can see. I've checked SEDI also.
So would it be accurate that he put up the C$180k?
https://www.canadianinsider.com/company?ticker=BAA
Sounds like things are stable.
You know that Jennings exercised his options and didn't sell his resulting interests in the company. So he paid 180k Canadian.
Unless I'm mistaken...that's a positive sign
You've got one week till we get production data.
INVESTOR PRESENTATION - SandRidge Energy (SD)
http://s2.q4cdn.com/943230101/files/doc_presentations/2016/SD-October-IR-Presentation.pdf
yes cancelled. They were given nothing.
Series A & Series B[/u] warrants...will they trade publicly? On an exchange?
Anyone have the data on that?
Sandridge with no debt and the North Park Basin position, seems to be positioned to outperform going forward.
Got your message.
My thoughts are that they have always pulled most of the weight on the OPEC cuts and they will do so this time also.
I thin that they are for real on the OPEC deal...all they wanted was some minor concessions from IRAN
They just converted this morning.
They converted accurately according to the court documents.
Saudi Arabia Foreign Exchange Reserves
down about 27%
http://www.tradingeconomics.com/saudi-arabia/foreign-exchange-reserves
Congratulations to all who held through to conversion.
Looks like we might have gotten a good deal.
Preliminary #s per bond....this is what I was told by my Vanguard...what exactly the warrant and stock structure looks like...i don't know or quite understand.
$14.84 in cash / bond
2.29 in stock (SD) / bond (assuming that's the 16.5% equates to an initial conversion price around 13.75)
1.98 in Series A Warrants
0.84 in series B Warrants