re: Official Erin Energy (ERN) thread

quote:

---

21K shares moved in one trade yesterday between 9-10AM IIRC.

---

Ah, still trying to pick up lingo.

quote:

---

, I'm not quite Superman keeping track of every detail. If we had Superman at WR, we would be in the T10 by season's end. Our offensive tackles will be fine. Thanks for asking. We seem to always be able to take 1 star recruits and turn them into Outland Trophy winners, and multi millionaires in the NFL. And they graduate up here also. Laffy! It has a lot to do with the fact we eat USDA Prime, and not USDA crappy Choice steaks on a daily basis. I had some absolutely fantastic Wagyu the other day.

---

You kinda lost me here. left field?

quote:

---

I pay attention because I have my money in it. I ask if anyone has seen Bueller becuase I'm stunned how many people put money in something without any research or ongoing due diligence.

---

Thats what I'm trying to do. Biggest thing for me is figuring out what exactly to read and to trust. It is why I have <$50 in any 1 stock. I have a 401k thru work to actually handle my retirement for the time being.

quote:

---

The comment about the Marine Corp above I chose to take in a friendly joking sort of way. I like the Navy, but not the know it all Navy guy on the political threads.

---

I knew it was T&C which is why I jabbed back. I try to avoid the Poli board.

Want to say thanks for dumbing stocks down so I can pick it up.

quote:

---

ERN is a risky stock, but a risky stock that actually has a business and some fundamental

---

I have been focusing the bulk of my time into reading about it. I think it will do fine.

11/10 earnings release.

This is step two. Most everyone got out at a profit at step one.

Much like the Mighty Iowa Hawkeyes, it is a slow, boring brand of beating people. Consistency, it always outperforms occasional brilliance.

November $5 calls make a compelling trade. I would think a Nov $5 net credit spread, or synthetic long is also a reasonable speculative play at this point. I did both today.

I'm not sure we beat tOSU, but I don't think we get blown out by anyone this seasons. The last several seasons were an embarrassment for a program that was starting to get used to being T10 on a regular basis.

I've been buying under 4. That's the number for me. I really believe we will see a decent pop in the day or days after earnings. Won't sell at that point. I see more potential out of this than a double up. Might take a little while though.

quote:

---

Everyone been backing up the train and loading up? Or everyone scurred of B1G > SEC stock pick?

---

trolls gonna trolls....and deuches gonna deuche.....you fit both descriptions....

Soon.

LINK

Otherwise if there are no earnings I have been duped in likely the most elaborate pump and dumps ever.

Edit - tLSU best team in nation? I think so. More talent outside of tUSC, which had some issues due to the schnockered coach. Doesn't mean they win Sat, it just means tLM has really piled up some very good talent.

Third quarter 10q released this afternoon. It's nice to see revenue and an average price of $50.20 per barrel of oil.

11,600 barrels of oil gross were produced a day. Production is/was supposed to be at 14,000 or more a day, but that's a barrel of oil equivalent amount. Either gas made up the remainder, or production dropped.

They only sold about half of the oil they produced. Maybe a tanker didn't take that oil before the quarter ended, maybe they're holding it to get a better price later, or maybe something else happened.

Production costs have declined year over year. That's good considering ERN is producing 3x as much oil as a year ago and selling it for half the price. Depreciation expense up, interest expense up as well, a lot. -$0.28 a share in earnings for the quarter.

That's what I see quickly. I'm looking deeper right now, particularly at the debt.

Slowly.

I've not had any opportunity to get my head around anything that transpired Monday and Tuesday. All I know is that the market reacted badly to what they released.