Seeking Alpha
  • Stone Fox Capital
    $CRZO down 5.5% after selling an asset for more than expected. Go figure.
    12/28/12
    Reply (5)
    • Ocean Man: Ridiculous. It's not like the stock had surged to new highs expecting the sale, as a set-up for a "sell the news" fall.
      12/29/12
    • Ocean Man: They're in a much better debt position now. I see other companies selling producing wells / acreage, even some distressed companies
      12/29/12
    • Ocean Man: like $CHK and $SD selling some of their best assets. This was a non-core, non-producing asset - the best type to sell, focus on Eagle Ford.
      12/29/12
    • Stone Fox Capital: Agree OM. Think CRZO can pick up some cheap Eagle Ford and Utica assets and focus on the core, but I almost wanted them to keep those assets
      12/29/12
    • Stone Fox Capital: b/c I knew the market would react like this. Oh well, another chance to buy more around 20.
      12/29/12