Replies to post #216 on QEP Resources Inc (QEP)

[TRCPA]

It wont and cant possibly last. They are trying to get out gracefully, but that's almost impossible.

[Hercules1]

$QEP:



agreed.


shorts are throwing everything they have at it because they are desperate as hell.


but no way in hell can anyone keep this stock down for long now.

because of this:


QEP Resources (NYSE:QEP) reported quarterly earnings of $0.210 per share which beat the analyst consensus estimate of $0.010 by 2000 percent. This is a 40 percent increase over earnings of $0.150 per share from the same period last year.




and because of skyrocketing oil and gas prices


and because or global economy reopening

and because of:

1. OPEC production cuts on Friday
2. Canadian oil producers cutting back production
3. Brazilian oil producers cutting back production
4. surging demand for oil in China
5. Trump looking to help out oil companies


shorts are doomed here. this stock will seek its true intrinsic value which is $4.50 right now.



so $4 to $4.50 is near term target in my estimation.


everybody got the oil picture wrong.

now the best minds in the oil field/arena say that oil price will jump 115% this year alone.