Page 1 of 1
trade strategy--sm vs nfx
Posted: Thu Oct 29, 2015 9:14 pm
by setliff
today I sold nfx and bought sm -- plan on taking advantage of sm's high beta vs nfx's more stable price. if or when sm overtakes nfx I will reverse the trade.
fwiw--time will tell. X (fingers crossed) comments welcome.
jim
ps-- for those aware, wife is improving.
Re: trade strategy--sm vs nfx
Posted: Fri Oct 30, 2015 12:26 am
by par_putt
Hope SM works out.
Glad to hear Wife is improving.
Re: trade strategy--sm vs nfx
Posted: Fri Oct 30, 2015 10:00 am
by dan_s
Very glad to hear about your wife. I hope you can make it to our luncheon in Dallas on Tuesday.
NFX should have some very good things to tell us about STACK when they report 3Q results early next week.
Re: trade strategy--sm vs nfx
Posted: Fri Oct 30, 2015 11:06 am
by setliff
lunch--i'm planning on it!
Re: trade strategy--sm vs nfx
Posted: Fri Oct 30, 2015 1:17 pm
by dan_s
You should all listen to the replay of the SM Q3 conference call and follow along on their slides. SM is trading at less than half of my valuation. They have done a great job getting D&C costs down and getting LOE down. Operating results continue to be impressive and it has a very strong balance sheet.
Their recent downspacing pilots are proving that tighter well spacing in the Eagle Ford will significantly increase the recoverable reserves per acre. EVENTUALLY the market will warm up to this strong growth story.
Re: trade strategy--sm vs nfx
Posted: Fri Oct 30, 2015 3:31 pm
by setliff
today is just one data point, but
nfx down .02%; sm up 6.58%
nfx is at strong resistance and will take some real good news to break out.
X
Re: trade strategy--sm vs nfx
Posted: Fri Oct 30, 2015 5:15 pm
by dan_s
I am expecting VERY GOOD news from NFX on STACK. All of you that own GST should listen carefully to what NFX, CLR, XEC and DVN have to say about SCOOP and STACK.