looking for nuggets
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NG @ $9.00
SD up 1.43
Wow.
SD has bounced back and the warrants starting to get a little bit of volume.
As you know, they have both Oil & NG.
On the 4th of June the warrants will have exactly 4 months remaining.
Right on cue, NG and SD pulls back.
Gotcha
lol - what does that mean?
"exploring strategic alternatives"
Considering a reverse-split?
Wow those have bottomed out.
Whats the Strike and when do they expire?
ENJYW
NEW 52 Week High: $26.28. Very close to ALL TIME High of $26.85 which occurred on day 1 of trading: 10/01/2016.
“If the share price is close to the strike price around the expiration date, maybe that would be a time to announce some bad news and the price moves a little lower. “
Just thinking about this and don’t think that’s a realistic fear since it would be blatant stock manipulation.
I wish I could find that article about the analysis of dilution when warrants are converted.
Seems the main point was the mountain of cash on hand increases the book value of the company at about the same rate the dilution occurs. The result is typically a push. Who doesn’t love a company with a larger and larger supply of cash?
The math starts getting bad once the price of the commons gets too high above the strike (like >$20 or $30 if memory serves).
Time is short before the warrants expire, so what would be the realistic highest price SD could obtain before 10/04/2022?
I fantasize about hitting $50, but is that really possible in 4 months?
I remember you trying to console me near the end of the LMB debacle. Really appreciate it, and can say it really helped.
I’m going to do the best I to not let that happen again.
Is it tomorrow yet?
Yep. Well said.
Take it from someone who crapped out on LMB (left $80k on the table). Nothing is a no-brainer when you are dealing with a charging bull and warrants rapidly approaching the expiration date.
SD cannot afford a setback. There’s no time to recover. This is what happened to me in LMB — they had a bad quarter (which is something I’m certainly not worried about here).
I had thought about the dilution factor, but also read it’s insignificant unless the stock moves waay above the Strike Price — which is when management will typically give investors 30 days to convert.
Another type of no-brainer, and perhaps what bigbux was alluding to, is the high probability of trading these warrants at these prices.
If you catch them at BID there’s very good chance you double your money in the coming weeks or sell 1/2 and ride free.
SD warrants are already 60% to the strike price. Imo they are worth at least .30 each right now.
And finally, did you see the purchase at the tape on Friday?
Someone bought 150,000 shares @ 24.69
That’s $3,700,000 worth.
I always heard it’s a very good sign when you that happen in your favorite stock.
Hoping it’s an indicator it’s going a whole lot higher.
Gotcha - Nice job.
Happy Memorial Day to you and the board!
Sure thing and I love what you are saying.
bigbux also maintains that SD is way undervalued. The next earnings report should be awesome and everyone thinks that NG & Oil is headed higher.
So we may be poised to see something speculator.
I guess these tokens/coins will have to find a way to differentiate themselves
Maybe they already have, and “the cream” will eventually rise to the top.
Maybe coins do have to “hit bottom” before they can go up.
That’s certainly what happened to DOGE.
I’m just making myself be patient. I’m not buying or selling. Might already have a huge winner but just don’t know it yet,
Well great point on Dogecoin.
They did “dilute” it down to
.0001 or .0002
And then it was discovered by Elon Musk, who showed it to the rest of the world.
I can’t blame everyone for wanting to find the next Doge, but I can say the net effect of so many coins/tokens is dilution.
There’s only so much capital in the world.
The whole crypto market has been in free fall for months now.
Bitcoin did the exact same thing after it ran to $19k. Was at $3k 12 months later.
Two years later it was at $57k
“Don’t Panic”
- Elon Musk, CEO of DogeCoin
Yeah, they do not seem to understand basic supply and demand.
They also do not understand the concept of killed the goose that lays the golden eggs.
They dilute so damn fast the coin/token doesn’t have time to run.
So moronic. Write the friggen code to introduce new coins or tokens slowly.
Instead they focus on “liquidity” as if that’s so important!
That’s what Mark Astros or Sandy Winnick should have said: “We are adding billions of shares for liquidity purposes. Sure would be terrible if the world ran out”.
Like it’s baby formula or something.
I hate to say it, but we need regulation at this point.
I’m sick of new tokens appearing every few minutes.
All you need is a website and some “tokenomics” and you are all set.
It’s ridiculous
Hey Buckey!
Crazy story on those splits. Did you make any money on that one?
And oh the legendary 100 bagger. Get one and you are hooked for good!
Talk about a adrenaline rush.
No idea, but I have heard that institution’s hold the majority of the O/S.
Really feels like 30’s are coming soon.
Is it Tuesday yet?
Great point. More energy = more need for NG even if the unit isn’t using NG.
I do wonder if it might be more prevalent than we know. Check this out…
https://www.socalgas.com/sustainability/technology-and-investments/natural-gas-air-conditioning
Warrants.
The Company has issued approximately 4.9 million Series A warrants and 2.1 million Series B warrants that are exercisable until October 4, 2022 for one share of common stock per warrant at initial prices of $41.34 and $42.03 per share, respectively, subject to adjustments pursuant to the terms of the warrants, to certain holders of general unsecured claims as defined in the 2016 bankruptcy reorganization plan. The warrants contain customary anti-dilution adjustments in the event of any stock split, reverse stock split, reclassification, stock dividend or other distributions.
Share Repurchase Program.
In August 2021, the Company's Board of Directors (the “Board”) approved the initiation of a share repurchase program (the "Program") authorizing the Company to purchase up to an aggregate of $25.0 million of the Company’s common stock. The Program is in accordance with Rule 10b-18 of the Exchange Act. Subject to applicable rules
and regulations, repurchases under the Program can be made from time to time in open markets at the Company's discretion and in compliance with safe harbor provisions, or in privately negotiated transactions. The Program does not require any specific number of shares to be acquired, and can be modified or discontinued by the Board at any time. The Company did not repurchase any common stock under the Program during the quarter ended March 31, 2022.
I was wondering that myself.
I have also heard that whales (hedge funds, institutional investors, millionaires, etc) have the ability to directly place large orders which can be filled throughout the day (or days).
I watched L2 a lot today. Thought the trading was very odd. Moved up on lower volume despite a midday pullback in NG (hit $8.30 at one point).
Now it make sense. I think an MM was accumulating all day long.
Exactly!
And I guess now the strong move to NG is driving up the prices.
You might be right.
SD could be in the 40’s before the end of June.
Another way to value the warrants is looking at the Strike Price.
The Strike Price for SDRWW is $41.34
If the commons get into the 30’s then they are 75% of the way to the Strike Price.
If there was more time then I would say the warrants should be worth about .75 each at that point.
If we discount .25 (which is random) then they would be worth .50 each
We are essentially at 60% to Strike right now — which means these warrants should probably be trading at .35 each.
.60 - .25 = .35
I know I’m biased because I am overloaded in warrants but seriously.
You buy warrants for the potential of infinite returns.
The outlook is incredibly bullish for SD when you look at the trajectory of NG & Oil prices combined with internal strength of the company.
Im glad I didn’t sell any of these warrants this week.
They are way underpriced right now.
Im moving up all of my limit orders.
This is worth a harder look…
“U.S. natural gas prices more than doubled since the start of the year, and this summer's air-conditioning season could send them soaring by at least another 25%.
In the futures market, gas prices rose 4.4% Tuesday as hot spring weather in the Southern U.S. pressured a market that has already been concerned about tight supplies. The warmer weather is forecast to continue across the region.”
https://www.msn.com/en-US/news/markets/natural-gas-prices-have-already-doubled-this-year-a-hot-summer-could-push-them-even-higher/ar-AAXoeEC
“…soaring by at least another 25%”
That would put NG above $11.00
Big investors watch where the wind is blowing.
If the consensus on The Street has become that NG & Oil is going way higher, than they should keep pouring into SD as we saw this week.
You see that massive purchase at the end of the day?
150,000 shares.
$3,700,000 worth!
This is weird. I thought natural gas demand went down in the summer.
This MSN article is saying a hot summer will spur prices because so many people use natural gas to cool their homes (who knew?).
Natural gas prices have already doubled this year. A hot summer could push them even higher
“U.S. natural gas prices more than doubled since the start of the year, and this summer's air-conditioning season could send them soaring by at least another 25%.
In the futures market, gas prices rose 4.4% Tuesday as hot spring weather in the Southern U.S. pressured a market that has already been concerned about tight supplies. The warmer weather is forecast to continue across the region.”
https://www.msn.com/en-US/news/markets/natural-gas-prices-have-already-doubled-this-year-a-hot-summer-could-push-them-even-higher/ar-AAXoeEC
Up is down and down is up?
I did not realize that you can cool your house with natural gas.
https://www.socalgas.com/sustainability/technology-and-investments/natural-gas-air-conditioning
This is apparently very prevalent in the US since they are saying a hot summer will drive up prices even more.
Natural gas prices have already doubled this year. A hot summer could push them even higher
“U.S. natural gas prices more than doubled since the start of the year, and this summer's air-conditioning season could send them soaring by at least another 25%.
In the futures market, gas prices rose 4.4% Tuesday as hot spring weather in the Southern U.S. pressured a market that has already been concerned about tight supplies. The warmer weather is forecast to continue across the region.”
https://www.msn.com/en-US/news/markets/natural-gas-prices-have-already-doubled-this-year-a-hot-summer-could-push-them-even-higher/ar-AAXoeEC
Great analysis
You notice that purchase of 150,000 shares at the close?
3.7 Million worth
Eye opener
lmao
Agree 100%. TSLA is the easiest investment you can ever make.
Just buy and forget!
On another note, did you see the tape on SD?
Looks like someone bought 150,626 shares @ $24.69 right at the close.
That's $3,703,500 worth.
Am I reading that correctly?
https://ih.advfn.com/stock-market/NYSE/sandridge-energy-SD/trades
Holy Smoke.
Looks like someone bought 150,626 shares @ $24.69 right at the close.
That's $3,703,500 worth.
BOOM
Am I reading that correctly?
https://ih.advfn.com/stock-market/NYSE/sandridge-energy-SD/trades
AH Spread of $24.00 x $26.15
Sweet Love
Maybe the ones without names are "all dead"?
lol - I might can help a tad.
I cannot explain it in technical terms, but I can say this.
Occasionally, those companies who no longer have symbols become symbols again. I believe the company (or company officers) have to make the request through FINRA.
I have 4 of them in my account right now. I could have my broker clear them out for tax loss purposes, but then I would lose out in the ultra-rare event that they come back.
So I think the company (or shell?) still exists even without having a ticker.
Thinking maybe the SEC has to do something to make it "all dead" -- verses "mostly dead".
Do that do that kind of thing often?
Hoping that nobody notices?
lol - "fraudulent fee"
lol - I just bought 100 shares through Fidelity for .03
Zero commission
Let's see what happens.
ATYG
The All-Time High for SD is $26.85. That occurred on day 1 of trading: 10/01/2016.
We hit $25.23 today.
Let's do it!
Well, I have PTSD from my LMB debacle.
The big difference here is that we 100% know that SD is crushing it right now. They are swimming in cash.
LBM killed by doing a placement while having a bad quarter.
Momentum was crushed. The commons feel, and the warrants quickly slipped under $1.
This is a totally different situation.
I just wish the warrants had another 12 months on them. Can only imagine how high the commons could be trading by the time winter gets here.
Nice maneuver.
is it too late for me to try the same?
Crazy!