Assuming the pipeline gets the go ahead, has anyone done the basic maths regarding profits? Farm put would be approx 3 dollars per barrel, farm in gives a gross profit of approx 40 each barrel, split between the partners obviously, then state and federal taxes are deducted, still leaving double figures profit each barrel for panr
Have people forgotten that not only are farm in discussions could be concluded anytime, two directors have bought recently and the chief exec is a billionaire who will no doubt have contacts all over the world? Why would you sell at this point? The downside is 100%, the upside would be more than 1000%!
Who would know the most accurate info coming out of the data room? Who is best placed to know how the farm in discussions are going? Correct, that would be directors of the company. 2 directors recently bought millions of shares. What on earth are traders doing selling at this point?
Insider buying, price goes up for one day. No news for 5 minutes after that? Stoxk sells off massively. Oil price rise? Still sells off because no company news for 5 minutes. I dont think ive ever hated a stock before, but I will never forget this one
These traders wetting themselves over 5%, buying dips and selling every time it rises , will one day be too late. Id love that to be Monday morning. Big announcent, this rips and they miss it. I cant stand these fools that constantly sell after one good day. Cannot get momentum in here with these types of gamblers
i cant wait until this either explodes upwards to a farm out deal or goes to zero. the day trading 1diots are ruining any momentum yet again. theres literally no point in ******* selling right now! stop !
They have another 30 days to debate in the special session, then the governor can request another one if no definitive decision. Its a huge decision, it should not be rushed.
Yes zen, im delighted i didnt sell at 73p. Id have missed megrez, 3 dilution events, them finding water rather than oil, delays, constant management changes. I feel so blessed