Recs
September 24, 2009 – Comments (10) | RELATED TICKERS: MMR , SWN , ECA
Look at stocks like MMR ECN SWN and buy in this dip. We are looking at a temporary setback here, things will be headed back up next week at the latest.
Happy Trading.
I hope you're right on nat. gas. Rig counts are up again this week, which is never a bad sign. I'd love to see PDS resume their little run-up, as that's who I've got my coin riding on.
And who could *not* recommend a post written by someone whose username contains the words fluffy and bunny? I mean c'mon, are you people freaking heartless???????????? (sorry, just had to let my inner Alstry out)
You might also want to take a look at ATPG. They are raising some capital but that is not such a bad idea.
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#497) On May 12, 2009 at 10:12 PM, portefeuille (99.99) wrote: ATPG - 7.65 - outperform
(from here)
ATPG just shot up like a rocket over the past several weeks, wow. It was a major run up the charts of which I have rarely before personally experienced with any stock in my lifetime, and god it was thrilling (and highly profitable). They went from $11.00 per share on Sept. 1 to $22.99 this past Monday, a span of only 14 trading days. And then came the announcement of the share issuance, and that torpedoed that wild run and has knocked the stock back into the $17 range.
I'm very happy with it, giddy about it actually, but I don't know that I'd necessarily be adding any more at this point. We'll see how badly their 3rd quarter numbers hurt them, if they hurt them at all. They have already openly acknowledged that their 3rd quarter numbers are not going to be good, so everybody knows that and it may already be baked in to the price. It may trade sideways for awhile, and at any rate I'd most likely wait before hurricane season officially ended before sinking any more coin into ATPG.
I love them because they have vast, vast reserves, and the proven capability to find even more than had been possibly anticipated. And their degree of technical expertise is top-notch. But the caution I have is that most of those reserves are located under deep, deep, deep water, and there it just becomes so much more daunting and so much more expensive.
well, you could give it an "outperform" rating in the "caps" game ...
and I also think that "reserves" is the key word here.
Well I just jumped out of EROC
And lo and behold, with my real life portfolio CAPs account, I am score leader on EROC, lol.
And still maintaining my short on SWN.
You guys generally bullish on natural gas? What are your thoughts on EROC?
Any thoughts on small banks? I put up an amazing blog post on it just now, check it out.
porte you are reponsible for my wins (along with awall) and/or losses in ATPG. you will either get or owe beer depending ont he outcome.
I hope it goes to $10 again, i'll buy more. relying on porte and awall for due dilligence. don't hit me i'm serious
I frankly think that nat gas stocks have some potential downside here, and I'm not a buyer really here.
I also think the S&P has a good solid chance of going sub 1000 and that is my expecation. With the names that ran up the most over the last 30 days getting pounded the worst.
And I also think we have not seen the highs of the year. And I think that 1100 remains a pretty good target for fair value (not that we weren't darn close, but whatever).
I am bigly hedged. I doubled up on some hedges today moving on, for examle, LVS, beyond covered calls on every share into doubling up on those. Ditto some other names.
I'm ready for a big ol bipolar monkey downturn.
me posting that will probably cause the market to rally huge, and soon. I am officially piss poor at market predictions.
I seem to be fairly good at fair value estimates tho.
#6) On September 24, 2009 at 11:41 PM, APJ4RealHoldings (90.20) wrote:What are your thoughts on EROC? Pitch by: topsecret09 6/20/09 2:59 PMReply | Report this postThis Is a pick strictly on valuation. Out of favor,and under pressure as a result of low natural gas prices. Management seems more than capable of getting through this temporary lull. They are hedging crude oil to maintain strong cash flow in this difficult environment. The companies PRICE TO BOOK Is only (.37) Managements return on equity has averaged 16.5 % There current ratio Is (1.8 / 1) There current book value Is a tad over $ 9.00 per share. Jim
EROC Is a very well managed company. The more people Ignore them,the more shares I can accumulate. Longer term this company looks awesome to me.... TS
LOL, thanks topsecret09! Hah, I consider myself lucky for you to have noticed my comment!
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