SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Superior Energy Services-SESI
SESI 0.00010000.0%Mar 7 3:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bald Eagle who wrote (457)3/26/1999 4:54:00 PM
From: Gator II  Read Replies (1) of 522
 
I like this company. But still, I lightened up a bit today. Percentage wise, I believe Superior may be getting a bit ahead of itself. Mainly a hunch. Considering that the price of crude has pretty much gone straight up once it started moving, I can't help but think it will have to test twelve dollars a barrel at least once. I would think that will cause all the oil field service stocks to do a little retracing, too. We still haven't heard of any pick up in G.O.M. drilling and the last auction reportedly didn't go well so there shouldn't be a surge in tool rental nearterm.

Also, OPEC member production cutbacks don't go into effect until April 1st and at the first hint of non-compliance, there will probably be a sell-off until everyone recognizes that's par for the course.

Where SESI was trading a few months before Parker made it's offer doesn't wash with me as being important any more. I did make a small profit on what I sold and now the cost of what I kept is below three dollars a share so the pressures's off for me on those shares. If SESI stays above three I'll perhaps be able to be a little more objective than I have been the past several months. Superior should be able to easily ride out another pullback in oil prices, if one comes, considering their well closing work. Bet there will be a pick up in that activity big time on another pull back.

If and when crude falls back to test support around twelve or so, I'll probably buy twice what I sold today. Superior is a keeper, imo.

Gator II
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News