May have to start closely monitoring the PPS until Thanksgiving if this touches the LOW 4's. I may be grabbing a few more to ADD to my existing portfolio. $4.10 sounds like a good number to me....what do YOU think Cowboy?
Sooner or later OPEC will want to boost the price of oil.....that is a GIVEN in this formula. Just as everyone else likes to REAP a fortune for their efforts, GREED plays an important factor in their bottom lines and decision making. 1.8 MILLION BBL of oil in " oversupply " per day is a significant amount. Wonder just WHO is stockpiling all of that oil???
Guess now all one needs to try to figure out is HOW HIGH the cartel will let the price jump to, in their December meeting, over a few months AND what the " spike " in ERF's stock could maintain. Of course, that is an ASSUMPTION they are going to cut back. I would NOT be surprised to see yet another YEAR of this yo-yo of oil pricing.
You still think that $60 a bbl that everyone has been suggesting is still a realistic number? If so, what can ERF hold on to in gains at that price point? Any numbers anywhere on that?
If the DIVI doesn't hold up into Q4 of 2016 and pressure from the " cartel " still is in play, I do NOT expect ERF to be able to sustain the current business outlook that they have tried to maintain to date, especially if OPEC drags this into 2017. At that point, ERF could very well be a $1.00 ( or less ) a share stock.......JMHO!
As to ERF's past performance and PPS in the mid 20's, I personally feel those numbers will NOT be touched for a very long time and only with a RETURN of the full DIVI amount from the past along with a strong balance sheet.
Bottom line, OPEC is out to DESTROY each and every small oil company they can including putting great pressure on those doing FRACKING. So far, they are obtaining their goal(s). I have not really followed just WHO is buying up these small companies as they fold and I wonder just how many have been acquired by an OFFSHORE company???
Have a GREAT WEEK Cowboy!!
MY opinions are just that.......40+ years of trading experience and take it for what it is worth.
Recent ERF News
- Eurofins: Purchases of Own Shares From the 11th to the 15th of March 2024 • Business Wire • 03/18/2024 04:45:00 PM
- Eurofins Scientific SE: Disclosure of Total Number of Voting Rights and Number of Shares in the Capital at 29 February 2024 • Business Wire • 03/12/2024 10:57:00 AM
- Eurofins: Purchases of Own Shares From the 5th to the 8th of March 2024 • Business Wire • 03/11/2024 04:45:00 PM
- Eurofins Discovery Introduces Innovative DiscoveryAI SAFIRE: A New AI-Driven Platform for Drug Discovery Trained Using Proprietary Datasets • Business Wire • 02/29/2024 06:00:00 PM
- Eurofins E&E and ETS-Lindgren Complete Half-Million-Dollar Expansion to Silicon Valley EMC Testing Facility • Business Wire • 02/29/2024 05:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 02:16:41 PM
- Eurofins Discovery Introduces Innovative DiscoveryAI SAFIRE: A New AI-Driven Platform for Drug Discovery Trained Using Proprietary Datasets • Business Wire • 02/29/2024 06:15:00 AM
- Eurofins Delivers Strong Margin Improvement and Cash Generation in H2 2023 and Annual Results in Line With Its 2023 Objectives. Remains Confident to Achieve Its 2027 Objectives. • Business Wire • 02/27/2024 06:15:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/23/2024 10:26:58 PM
- Enerplus Announces an 8% Increase to its Quarterly Cash Dividend for March 2024 • PR Newswire (Canada) • 02/21/2024 10:45:00 PM
- Enerplus Announces Fourth Quarter and Full Year 2023 Financial and Operating Results • PR Newswire (Canada) • 02/21/2024 10:38:00 PM
- Enerplus Announces 2023 Year End Reserves Results • PR Newswire (Canada) • 02/21/2024 10:31:00 PM
- Eurofins MET Labs Recognized for Instrumental Support in Intuitive Machines’ IM-1 Lunar Mission • Business Wire • 02/20/2024 02:00:00 PM
- Eurofins: Purchases of Own Shares from the 12th to the 14th of February 2024 • Business Wire • 02/19/2024 04:45:00 PM
- Eurofins Scientific SE: Purchases of Own Shares from the 5th to the 9th of February 2024 • Business Wire • 02/12/2024 04:45:00 PM
- Eurofins Scientific SE: Disclosure of Total Number of Voting Rights and Number of Shares in the Capital at 31 January 2024 • Business Wire • 02/07/2024 05:18:00 PM
- Eurofins: Purchases of Own Shares From the 29th of January to the 2nd of February 2024 • Business Wire • 02/05/2024 04:45:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/02/2024 06:51:26 PM
- Eurofins Environment Testing in Sacramento, CA in Partnership with EPA Region 10 and EPA’s Office of Water Published Draft Method 1634, an Analytical Procedure to Test for 6PPD-Quinone in Surface and Stormwater • Business Wire • 02/02/2024 02:30:00 PM
- Eurofins: Purchases of Own Shares From the 22th of January to the 26th of January 2024 • Business Wire • 01/29/2024 04:45:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/25/2024 10:20:13 PM
- Enerplus Provides Fourth Quarter & Operational Update; Full-Year Results & Reserves to be Released February 22 • PR Newswire (Canada) • 01/25/2024 10:05:00 PM
- Eurofins: Purchases of Own Shares From the 15th of January to the 19 of January 2024 • Business Wire • 01/22/2024 04:45:00 PM
- Eurofins CDMO Alphora Inc. Announces the Completion of a New Pilot Scale Biologics Development Facility • Business Wire • 01/17/2024 03:00:00 PM
- Eurofins: Purchases of Own Shares From the 12th of January 2024 • Business Wire • 01/15/2024 04:45:00 PM
FEATURED Elevai Labs Launches E-commerce Portal to Support Rapid Growth as Stem Cell Exosome Disruptor in the $19.7 Billion Global Physician Dispensed Cosmeceutical Market • Mar 18, 2024 8:51 AM
FEATURED Prospera Energy Inc. Announces a 508% increase in the 2023 Proven Developed Producing (PDP) Reserve Valuation • Mar 18, 2024 8:09 AM
Greenlite Ventures Enters into Strategic Alliance with Woodway USA • GRNL • Mar 15, 2024 4:00 PM
HealthLynked Welcomes David Rosal as New Chief Financial Officer • HLYK • Mar 13, 2024 8:00 AM
ECGI Holdings, Inc. Announces Continued Efforts in Financial Optimization • ECGI • Mar 13, 2024 8:00 AM
PSYC Begins Business Overhaul Process with Consolidation of 10 Previously Issued Convertible Debentures • PSYC • Mar 13, 2024 7:13 AM