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I couldn't agree more.
Oil was down 8% yesterday. Hoping for a rebound today.
as far as I'm concerned law suits are a part of doing business at times. We've seen it w/ banks why should it be any different w/ in the oil industry. It would appear that becc is actually suing to protect shareholders from those who have taken money out of shareholders pockets.
Reaper - thanks for taking the time clarify all of this. Very helpful...
I'm not sure if the bottoms here. It's tough for oil in general. I do see value in getting in the game while it's cheap! This is likely a blip in the history of oil and not one that we are likely to see again, once things stabilize.
Things can only go up from here....really.
Bull-trader - love the optimism!!
Thanks Reaper! Great post...
When housing was down I bought...this should be no different...opportunity knocks!!!!!
Stats could be better but BECC fundamentals look good ...
Wait and see...
Some highlights: "The BECC management team continues analyzing and meeting regularly w/ potential joint venture ("JV") or acquisition candidates."
http://www.counton2.com/story/29406699/breitling-energy-issues-letter-to-stockholders-and-business-associates
Great statement to Stockholders and Business Associates!!
Breitling Energy CEO keeps drilling while auditors get company back on track (Dallas Buisness Journal)
https://www.google.com/url?rct=j&sa=t&url=http://www.bizjournals.com/dallas/news/2015/06/25/breitling-energy-ceo-keeps-drilling-while-auditors.html&ct=ga&cd=CAEYACoTMzcyNDA3ODY2MDYxMjk0NDY5MTIaY2E3NjNiNjkxZTY2YTUwYzpjb206ZW46VVM&usg=AFQjCNGDYn-hoLg--HKDTYuEV1YjsLQ9NQ
How do you file bankruptcy w/ no debt?
No signs OPEC is slowing down - they hit over 31 million barrels...highest since August of 2012 accounting to cnn
I heard OPEC forecast suggests an increase in 2015 consumption. However, a bearish inventory report from the EIA (U.S. Energy Information Administration) weighed down the US benchmark, WTI, causing the benchmarks to diverge.
Thought???
Frack alert: Breitling Energy announces hydraulic fracturing operations in Texas (PennEnergy)
https://www.google.com/url?rct=j&sa=t&url=http://www.pennenergy.com/articles/pennenergy/2015/06/breitling-energy-announces-hydraulic-fracturing-operations-in-texas.html&ct=ga&cd=CAEYACoTNzQ4NDgyMDAwMzQ0NTA2OTI1NjIaZDhiY2Y5OWUxMjczOTVkYzpjb206ZW46VVM&usg=AFQjCNHgq39TnR2F1ADjjfzI1cuUGzo1XQ
BTW, Oil is up 3% so far today....
Interesting post Reaper - Breitling has a different business model, but it still an oil and gas company...that's for sure.
Who bets on commentary...anyway...
I challenge everyone to just stick to the numbers & if they are not there wait for em'...cuz they're coming.
...or maybe even worse..slander.
salacious half truths that have not been verified, confirmed or proven are just gossip....
Agreed, but scrutiny is 1 thing....
Y hold BECC to a different standard than what the market will bear?
Here's the math: the markets down then oils down...simple right??
If there are issues then that would put CF in the same boat as all the other CEO's in oil market trying to weather this storm.
Time will tell. They don't usually out losers on TV...
Y speculate? The 10K will have everything in it...
It's late but it has to come eventually...
Some see loss & those who get the fundamentals see opportunity. I'm not worried.
Well Alert: Breitling Energy Announces Fracking Operations of Hoppe "63" #1 Well
https://www.google.com/url?rct=j&sa=t&url=http://www.prnewswire.com/news-releases/breitling-energy-announces-fracking-operations-of-hoppe-63-1-well-300094051.html&ct=ga&cd=CAEYACoTNDMyMDYxNDc0NDcwNTA0MjQ0MzIaZDhiY2Y5OWUxMjczOTVkYzpjb206ZW46VVM&usg=AFQjCNG82yeNqRt_Z0QKJZ6vtE0FJ41v5Q
Reaper247 - excellent points! Folks are def. focused on day to day ups/downs, not necessarily looking at the fundamentals of the business....
Dunno they seem to be working, as their last press release indicated there's a plan to drill.
Milltobill - Again, I think we need to wait for the details on the 10k rather than speculate. But I'm thinking the oil prod should be listed independent of the 10k.
For you reading pleasure: Oil Prices Extend Gains as Drilling Activity Drops Again (WSJ)
Fall in U.S. crude inventories underpins bullish tone
http://www.wsj.com/articles/oil-prices-rise-ahead-of-next-weeks-opec-meeting-1432890574
Press Release: BECC Announces Cole #1 Reaches Total Depth and Begins Completion Operations (PRNewswire)
https://www.google.com/url?rct=j&sa=t&url=http://www.prnewswire.com/news-releases/breitling-energy-announces-cole-1-reaches-total-depth-and-begins-completion-operations-300091379.html&ct=ga&cd=CAEYACoUMTQyOTgzMzM0Mjg2NzIxNjM3MTMyGmQ4YmNmOTllMTI3Mzk1ZGM6Y29tOmVuOlVT&usg=AFQjCNGQCH_5t9srJ0sg-0_Hkd1Au2aGjQ
5/28/15 - U.S. crude oil stocks fell for fourth week, EIA data shows (Reuters)
https://www.google.com/url?rct=j&sa=t&url=http://uk.reuters.com/article/2015/05/28/markets-oil-idUKL3N0YJ18J20150528&ct=ga&cd=CAEYACoUMTIwMjc0NTg5MzMxOTAxMzkwMTEyGmI2OTJiNzdiMGMxZjVjZDU6Y29tOmVuOlVT&usg=AFQjCNEokG-kT8uG-GVjLPUAOP9sea65kQ
if oil was today what was 2 years ago I'd take issue but this is a tough market for almost all oil companies....
they just purchased property - is that not correct ?
but we are still close to 60...