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Jion

Jion
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  • Halcon Resources: The High Debt And The High Key Multiples Continue Going Hand In Hand [View article]
    Readers can read....your post about the numerous advantages of GDP is just a few posts above.
    I like that you refer to TID to all your last messages. It shows the lack of arguments.

    Thank you for your wishes about my position in CAZA and LNREF. I'm around +40% in both, so I think what you wished will happen. I wish the same for your positions too.
    Jul 5 02:35 PM | 2 Likes Like |Link to Comment
  • Halcon Resources: The High Debt And The High Key Multiples Continue Going Hand In Hand [View article]
    Bankstocks,

    I see that you were defending Goodrich Petroleum (GDP) and its TMS bet with multiple bullish posts while abusing this board, when GDP was at $30.

    Your favorite GDP has dropped to $25 in less than two weeks.

    Fact is that GDP's latest TMS result was very disappointing.
    GDP spent approximately $14 million to get IP-24 at only 815 boepd. Several other TMS wells have been plugged and abandoned.

    Do additional TMS disappointing results leak? we will see.

    Also, Halcon longs have to reconsider their very optimistic view about TMS and keep in mind a more conservative estimate as a second option, in my humble opinion.
    Jul 5 03:00 AM | 4 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    As a shareholder of LNREF I have to say that the number of outstanding shares is not "disturbing" at all. The number of shares can change anytime by a split or a reverse split and it is not an investing criterion.

    What matters is the Capitalization of both companies, which VD used in his comparisons above, like everyone who knows the basics should do.
    These comparisons show that LNREF is cheaper than SSN.

    As for Yahoo Finance target prices, you need to dig much more to find analysts estimates than looking into Yahoo. For what they worth these estimates...the same aplies to all Yahoo data and statistics.

    About the paid writing, read the SA policy: the authors have to disclose if they get paid or not by a third party to write articles.
    This is the second article of Value Digger about Lonestar and his haters (mostly Halcon longs) started accuse him from his first for paid promotion.

    Of course, they never asked Richard Zeits (another reputable SA contributor imo) if he gets paid by Halcon to write FIVE articles about it the last 2 months and about twelve in 2014, until today!
    Jul 5 02:25 AM | 7 Likes Like |Link to Comment
  • How To Invest In A Deep Value Investment Opportunity In 3 Easy Steps: Load Caza Oil & Gas, Sit, And Wait [View article]
    VD recommented Caza at C$0.23, it is at C$0.35 today, more than 50% higher and all you have to say is that "CAZA not looking so good for you guys".....you look embarrassed.
    Jul 3 01:23 PM | 2 Likes Like |Link to Comment
  • How To Invest In A Deep Value Investment Opportunity In 3 Easy Steps: Load Caza Oil & Gas, Sit, And Wait [View article]
    Here is how you were praising GDP just a few days ago when it was at $30. It is below $26 today. I quote your post:

    "TigersFirst:

    IMO you have a number of events in your favor.

    1) GDP completed a large financing.
    2) Insiders bought a large wack of the financing.
    3) It's early days in the TMS. GDP and HK have changed the way they are drilling/completing these wells from the old DVN ECA way.
    4) Recent well results from a large expanse of the play with the newer techniques are very good and very consistent over this broad area.
    5) High oil content.
    6) LLS pricing.
    7) High heat in the gas.
    8) HK announced getting access to a terminal for rail of condensate.
    9) Lower drilling costs and higher IP's likely in the future. The learning curve.
    10) Large acreage position.
    11) IN a few of GDP's wells, the IP 30 rate is very close to the IP 24hr rate. This boards well for a much flatter decline and higher EUR's."
    Jul 3 10:33 AM | 2 Likes Like |Link to Comment
  • How To Invest In A Deep Value Investment Opportunity In 3 Easy Steps: Load Caza Oil & Gas, Sit, And Wait [View article]
    Oh, I forgot. And a few days ago you changed your story again, saying that Caza Oil should NOT dilute at C$0.33 because its value was much higher than $1, based on the peers' valuation according to the subject article. And you wanted the stock to jump 400% in two months first, before any dilution takes place... How many science fiction films do you watch per day?
    Jul 3 10:24 AM | 2 Likes Like |Link to Comment
  • How To Invest In A Deep Value Investment Opportunity In 3 Easy Steps: Load Caza Oil & Gas, Sit, And Wait [View article]
    Bankstocks,

    Firstly, you did not accept the fact that Caza was grossly undervalued at C$0.23 when VD recommended it in April 2014.

    Then you changed your story, when you saw it did not work, and you said you didn't like the terms from Apollo's loan. But Halcon came and SIGNED WORSE terms with Apollo. So you had to change your story again...

    So then you went in a posting spree, posting EVERYWHERE that Caza breached a covenant some months ago. BUT you "forgot" to mention that this was an old story (sour grapes) and took place when the production was less than 600 boepd.

    Then you changed your story again and you said that Caza would dilute or add more debt because its operating CF was not enough to fund its CapEx for 2014.
    Hello!! Did you re-invent the wheel? You change stories quicker than a windshield wiper!! It is a given that a small growth producer will dilute or add debt to grow its production. This is what most energy companies are actually doing, even EOG Resources and Devon Energy.

    It is great that Caza diluted at much higher price than the price it was in early 2014 or the 6 months average, without borrowing from the bank, while the insiders also increased their positions in that placement.

    Meanwhile, your favorite picks HALCON and GDP have been diluting and adding DEBT since 2012, although they are already heavily indebted INTERMEDIATE producers with higher operating CF than Caza. But you never commented on that. You said you have a position in HK just to argue with VD in his bearish article, the next day I asked you and you said you sold it! The hypocrisy and the inferiority complex are here. It's sad...
    Jul 3 09:58 AM | 2 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    To find the Lonestar Yahoo board you have to search for "ADUEF".
    Jul 3 12:15 AM | 3 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    The US listed stock LNREF moved a few days before the article because of the listing to OTCQX, the best OTC market, from the lowest and totally unregulated, the "Grey market".
    You have written the same before many times, I have replied the same, but keep it that way if you like and serves your agenda.
    Jul 2 11:20 AM | 4 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    I see the price rose a bit on Sydney on Wednesday morning. It closed at A$0.48.
    Shouldn't it rise more? What is your opinion about it, VD? As I said a checked many similar ASX listed companies and Lonestar is by far the cheapest. Am I missing something here?
    Jul 2 03:08 AM | 2 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    I didn't also know that there are so many Australian juniors drilling in the US...
    Antares Energy (AZZ.AX) is the most expensive one with a ton of debt. I checked some other similar Australian companies too and I think Lonestar (LNR.AX) is the cheapest one at the current price of $0.47 (US listing).
    Jul 1 04:23 PM | 3 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    BTW, I loved this excerpt from your article:
    "With insiders holding at approximately 65% of the outstanding shares, Lonestar's management is heavily motivated to grow the company, while the stock could also move quickly and sharply on news events (i.e. new positions established by bargain hunters, drilling results etc.).
    After all, this is not rocket science. All the key indicators suggest that Lonestar's current price at $0.41 (US listing) is a steal, and the market participants will see it sooner rather than later."
    Jul 1 04:17 PM | 5 Likes Like |Link to Comment
  • Lonestar: High-Conviction Long Idea Remains Irrationally Undervalued Compared To Its Peers [View article]
    VD, thanks for another insightful and factual article.

    My question is:
    When will Lonestar trade in line with its peers' valuation? When is the company going to spread the word out? Do you have any insight about any upcoming presentations to the funds and institutions?
    Jul 1 04:14 PM | 4 Likes Like |Link to Comment
  • How To Invest In A Deep Value Investment Opportunity In 3 Easy Steps: Load Caza Oil & Gas, Sit, And Wait [View article]
    It seems that BS thinks that we are all newbies...

    The last six months price average is 10 GBX and the offering is at 18!
    The last three monts price average is 12.90 GBX!
    The 18 GBX is a good price. Even BS knows that there is no one to offer $1 or $2 when a stock is currently traded at 36 Canadian cents like Caza. It doesn't mean it will not go higher in the next months of course.

    P.S.1:I held INO for more than a year and set a target price around $1.50. It was traded around 0.70 when they made a stock offering at the 50s, it was the best opportunity the bashers had to attack me.
    A few months later it was above $3. My messages in SA INO articles can confirm it.

    P.S.2.: ALL Top Idea picks of VD still have gains.
    Jul 1 02:25 PM | 2 Likes Like |Link to Comment
  • Suncor Energy: Buy The Stock For 10% Dividend Growth And Fair Valuation [View article]
    Well written article, I have made nice gains from Canadian oil stocks the last months. I still hold some ZAR, a much smaller but dividend play also from Canada.
    Jun 29 09:56 AM | Likes Like |Link to Comment
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