BUY ON WEAKNESS
(Market Call Minute.) Love the name longer-term. This is a trading stock, not in investing stock. Thinks you will see this below $7 at which point it would be a table pounding Buy.
COMMENT
(Market Call Minute.) Cheap but they get a lot cheaper.
TOP PICK
He is holding 20% cash but he recommends clients have 25% to 35% cash and be ready to be a buyer in the fall when we get the shake up below 200 on the index.
TOP PICK
Top Short Really a Sell but a Short for hedge fund people. This is probably a 2 for 1 sale. Have been talking 20,000-25,000 production a day but they have never hit those targets. Spent $56 million to “not grow” their production! Cash flow has dropped from $0.17 to $0.11.
TOP PICK
Has been beaten up because of problems in India. Those problems are still there in terms of getting a higher price and getting production going. Now starting to drill in Indonesia and in Trinidad. Have 6 high impact plays that are going to be drilled, 4 in Indonesia and 2 in Trinidad, before March 31st year end for them. $75 target.