Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (40048)	11/14/2010 10:20:09 PM
From: Grantcw	Respond to of 78476

Hello Madharry, Yeah, that's kind-of my read on SD also. My hunch is that these companies really need to be in bad shape to be pushed into bankruptcy, given the amount of reserves they have in the ground that could either be leveraged for borrowing or sold. That being said, it's got to be hard to feel really confident about any of these companies either with the price of ng going down so hard for so long. But, if SD can do one of these 3: 1) Continue to move into Oil prodution aggressively 2) Get lucky with a bounce in ng price 3) Sell some NG assets at favorable prices then they could pare down their major debt and turn around the stock price. I think I like SD's chances to do that, so I may add shares, but I'm not going to make it a major position at this point. Thanks for your thoughts. -cwillyg