SN getting beat down
SN getting beat down
anybody know of news that would cause this selling. volume is high for first 30 min today.
Re: SN getting beat down
Technical support at $32.50. Q2 results should be solid and big jump in production coming in Q3.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: SN getting beat down
found this reason for sn selling---its in sympathy for gdp's disappointing results in th tms.
here's the story.
http://seekingalpha.com/article/2303435 ... eact?ifp=0
here's the summary---
Summary
•Goodrich's latest two TMS wells had IP rates well below the play's cutting-edge rates.
•On the positive side, however, the wells extend the pattern of execution without mechanical problems, which is a critical factor for the play's success.
•While this morning's announcement has moderate negative implications for GDP, the stock's 10% drop appears to be an over-reaction.
•Given the busy completions calendar in the pay, a single strong well may be enough to reassure investors.
•GDP stock remains a binary bet on the TMS. Risks are amplified by the financial leverage. However, in the event the play succeeds, the upside may be substantial.
here's the story.
http://seekingalpha.com/article/2303435 ... eact?ifp=0
here's the summary---
Summary
•Goodrich's latest two TMS wells had IP rates well below the play's cutting-edge rates.
•On the positive side, however, the wells extend the pattern of execution without mechanical problems, which is a critical factor for the play's success.
•While this morning's announcement has moderate negative implications for GDP, the stock's 10% drop appears to be an over-reaction.
•Given the busy completions calendar in the pay, a single strong well may be enough to reassure investors.
•GDP stock remains a binary bet on the TMS. Risks are amplified by the financial leverage. However, in the event the play succeeds, the upside may be substantial.