Goodrich Petroleum Corp (NYSE:GDP)

CAPS Rating: 2 out of 5

The Company with its subsidiaries is engaged in exploitation, development and production of oil and natural gas properties primarily in the Cotton Valley Trend of East Texas and Northwest Louisiana and in the transition zone of South Louisiana.

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Member Avatar TSIF (99.96) Submitted: 4/16/2014 7:19:18 PM : Underperform Start Price: $23.71 GDP Score: -7.11

I've pretty much given up on downthumbing large spikes unless they are clearly unwarranted. The decay on gap filling, if it happens is just too slow and sometimes companies pop simply because their was enough positive news to wake up investors to the fact that something was actually "under appreciated" by the markets.

IN the case of Goodrich Petroleum Corp, the increased volume on their well was perhaps warranted news for a pop. They have a large sector in an area where it was "thought" the oil was there, but difficult to extract. If they can continue to prove the doubters wrong, they will do well over time. However, the 25% spike on one well seems excessive and the additional gain during the day appeared to be caused by the extremely high short presence covering. 17M shares, or 60% of the float.

Especially considering that the company has been bleeding money, granted in capital expenses required in their industry, but increasing debt and shares outstanding.

So far, however, I should have followed my don't short the pop rule here on CAPS, even in these circumstances. Usually short covering bleeds off in 1-2 days, but three days in the share price is holding and rising slowly. Still I see 14M shares traded, which sounds like some day traders, some shorts covering, some reupping and room for plenty to still be scratching their head wondering what to do...... I still think we will see a retrace, but I'm only holding long enough to bank....and I'll wish them well....

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Member Avatar stephenwhitetx (63.16) Submitted: 3/25/2014 4:48:41 PM : Outperform Start Price: $14.15 GDP Score: +83.74

Goodrich is the leading E&P company in the emerging Tuscaloosa Marine Shale. Based on costs of 13 mil, goodrich should have an IRR of 44%. Expect GDP to be volatile based on new wells coming on line, but in the coming 2-5 years GDP share price should reflect the added E/P.

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Member Avatar Tanguo (< 20) Submitted: 8/1/2013 6:05:47 PM : Outperform Start Price: $19.53 GDP Score: +23.13

Next Earning Day Oct. 5

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Member Avatar scrubs62074 (87.73) Submitted: 2/8/2013 8:49:24 AM : Outperform Start Price: $12.75 GDP Score: +80.18

High volume breakout on 2/7/13

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Member Avatar duff5569 (79.87) Submitted: 12/8/2012 1:00:31 AM : Outperform Start Price: $8.44 GDP Score: +176.69

Near 52 week low. Nat. gas will come back

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Member Avatar aheacock1 (< 20) Submitted: 9/19/2010 6:13:30 PM : Outperform Start Price: $11.85 GDP Score: +55.31

This stock is worth at least $24 per share, and will rebound as the economy speeds up and demand for natural gas increases. They are an inevitable acquisition target by the middle and large natural gas producers, and when they eventually sell it will be at a nice premium for investors.

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Member Avatar pilfy (80.00) Submitted: 6/2/2010 5:29:36 PM : Outperform Start Price: $12.09 GDP Score: +35.57

oversold for non-fundamental reasons

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Member Avatar Paramnesia1930 (24.27) Submitted: 3/22/2010 10:44:58 PM : Underperform Start Price: $17.09 GDP Score: +8.38

Depressed job market, debt laden consumers, rising tax burdens, corporate real estate, credit card defaults, and especially housing starts. The latter typically leads normal recoveries.

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Member Avatar brianpivar (< 20) Submitted: 10/30/2009 2:47:27 AM : Underperform Start Price: $27.62 GDP Score: +82.35

2008 eps: .39
2009 eps: -.69
2010 eps: -1.08
trailing pe: 71
pe: -
forward pe: -
This stock has to come down eventually, fundamentals will take hold, when a company is losing money, and it seems that it is only going to get worse next year. I will end this pick when it announces a positive quarterly eps.

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Member Avatar bobbyvee (99.08) Submitted: 4/10/2009 5:24:11 PM : Outperform Start Price: $21.97 GDP Score: -104.89

Small, but growing domestic energy company, will rise with energy prices as the recession ends. And you've got to love a company whose CFO is DR Looney.

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Member Avatar chooptygirl (< 20) Submitted: 7/31/2008 10:56:44 AM : Outperform Start Price: $48.00 GDP Score: -96.49

Time to ride this one back up...then short it all the way back down. This is how we do it baby.

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Member Avatar goldenaces1 (< 20) Submitted: 6/24/2008 3:29:20 AM : Outperform Start Price: $29.03 GDP Score: -53.12

This is a well preforming stock that is currewntly following market trends

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Member Avatar ATXman38 (< 20) Submitted: 6/23/2008 6:39:29 PM : Outperform Start Price: $72.00 GDP Score: -111.56

might be a bit late, but I'm going for it anyway.

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Member Avatar JohnnyiPhone (28.41) Submitted: 6/17/2008 12:20:14 PM : Outperform Start Price: $63.44 GDP Score: -102.00

Capital One picked it!

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Member Avatar TMFNaicinvestorz (64.25) Submitted: 9/25/2006 9:29:49 PM : Outperform Start Price: $27.35 GDP Score: -55.20

GDP is cheap! Insiders seem to agree as they have been buying their stock aggressively in the open market over the past 10 months. You are currently buying GDP at less than year-end 06 NAV.
GDP is hedged succesfully for 2007 and shouldn' t be hit as hard should nat gas prices stay weak for longer.

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