GPOR - Gulfport Energy Corporation - NASDAQ

[eric1960]

I wouldn't say that until I sell, a lot of things can happen. I think I hold a stock longer then a lot of people here.

[Jack]

I wouldn't say that until I sell, a lot of things can happen. I think I hold a stock longer then a lot of people here.

I think that's the difference between fundamental and technical analysis. Eric, I am not an accountant. Can you give us a little explanation on how you see if a stock is cheep or not ?

[eric1960]

I already did based on CASH FLOW, and MARKET CAP. The wild card: the PRICE OF OIL.

[Jack]

Hey Eric,

I see on Yahoo the key statistics for GPOR
Market Cap : 235.47M
Operating Cash flow : 128.21M

How do you come to the conclusion that this is cheap? What should you do with those numbers?

[eric1960]

For the last time, and of course, this is my own opinion, do your own DD and come up with YOUR OWN CONCLUSION: "Say this company does 5,480 barrels per day, that  equals 2 million barrels per year of oil, say they done make about $50 netback per barrel = $100 million in cash flow * 5.5 multiple = 550 million market cap / 42.66 million shares = $12.89 per share done seem more than fair to me." Taken from Yahoo poster but I agree with it.

I base this on how GPOR was being valued by the market in the past few years. Also realized that info on Yahoo in not correct (dated).

[Jack]

Thanks Eric, that is clear, and my apologies that I have bored you.

[eric1960]

Following oil as I said.  Still patiently holding here with a mental stop. Around a 10.00 target unless oil goes below 60.00.
 
My little oil mine is making 1000's for me just like NGA. It trades a lot like NGA because of only 26.29M shares in float.

BTW, NGA is still one to watch and is probably resting.

[eric1960]

I think we are going much higher, look at 5 years chart:

http://finance.yahoo.com/echarts?s=GPOR#chart1:symbol=gpor;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

[ShyTrader]

Looking at this tonight, It's breaking out of the bollinger bands PLUS it's breaking out of it's upward channel.

I was thinking about buying a put, but there is no interest, and the spread is like .50. That's terrible!

[eric1960]

The flaw of technicals for a oil stock when oil is headed towards 70.00. If you think it going down just short it.

GPOR is so volatile you could probably do it, at least intra day.

http://www.shortsqueeze.com/?symbol=gpor&submit=Short+Quote%99

[ShyTrader]

I chose to put in a buy order, but It will never hit my price.  I expected it to have a small pullback, but it jumped out with a bang this morning.

I've gotten burned to many times buying when the price is going up and has been going up. I seem to buy just as the price corrects (auto-lose for me). :-)
So I tend to avoid this, unless the  price is close to a support level. I'll keep my eye on it. I don't have the hang of forecasting prices yet. Still working on learning that.

[eric1960]

This is a very volatile stock, not for the faint of heart. But with this risk there can be great reward.

[eric1960]

Basing for next move up.

You guys can gamble with the bankrupt and junky  pennies stocks, I prefer to buy and hold quality smallcaps.

[eric1960]

holding up well after massive gains. I'll bet it pop again.

[eric1960]

With oil up 3.34 as I type, GPOR will go higher, as long as oil stays around 65.00

Look at the tight base GPOR is starting (trying) to break out of.