Seeking Alpha
  • Ocean Man
    Added to $SN at $17.14. Oil companies really lagging the rally today, despite oil being up a bit.
    4/19/13
    Reply (16)
    • Chines33: BDO risk here.
      4/19/13
    • parrothead1972: In at 17.20
      4/19/13
    • det9: I have a huge position now...
      4/19/13
    • det9: May pick up later in the afternnoon like yesterday..We will see..
      4/19/13
    • det9: May not happen today. Not sure why
      4/19/13
    • Ocean Man: I'm accumulating for a bounce that may not come until the end of May. Earlier would be fine though. :)
      4/19/13
    • det9: Yep. I am not in ahurry. I think the drilling results should be out by then..
      4/19/13
    • muldoon1959: Chines: Elaborate on the "BDO risk" please? I don't understand what BDO has to do with $SN.
      4/19/13
    • Ocean Man: You're better off ignoring his BDO comment. $MHR fell because they disagreed with their auditor PWC and fired them. A legitimate reason to
      4/19/13
    • Ocean Man: fall, but who they chose as their replacement auditor (BDO) had nothing to do with the drop. That BDO serves SN is not a risk.
      4/19/13
    • Ocean Man: I'd be more worried about other oil companies that PWC serves. Calling that a risk would make some sense.
      4/19/13
    • muldoon1959: I knew about the BDO/$MHR situation and was wondering if he was confusing the two. But thanks for the clarification OM. (agree, re: PWC).
      4/19/13
    • DR_CT_2010: OM, what price move can you expect from $SN at the end of May if well results are favorable? Is there a $SN option play to maximize gains?
      4/21/13
    • Ocean Man: I haven't really looked at options. A bunch of wells coming onto production by end of May, plus increased guidance when their acq closes.
      4/21/13
    • DR_CT_2010: Thanks for the response. Best of luck on $SN. -Thanks again
      4/22/13
    • fire0nice228: kicking myself for not taking profits when $SN was flirting with 20.00, this would have worked out perfectly to get back in at these levels
      4/22/13