Boom! They settled the lawsuit with AGR for a proceed of $17MM. AGR was their drilling contractor for the well they drilled a while back that was a huge mess.
Time to buy HDY
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Last: 2 yr ago by Decay
quote:
I'm patiently sitting on this waiting for a rise.....
All this time and no, "That's what she said"?
I think could have gotten more if they went to court. AGR was grossly negligent. Oh well.. At least this will slow down the cash burn on one front.
According to the operations update released by Tullow today, spud date for the well is first half 2015.
Only 1 year behind schedule
Might as well hold I guess.
35 centavos.......time to buyski. Penny stock city
Time to buy
HDY
!!
HDY
!!
time to double down!
Ragoo
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Ragooski!
Time to buy....buy low, sell high
14.25 centavos (1.14/8=14.25)
Im all in when the tutes are in!
14.25 centavos (1.14/8=14.25)
Im all in when the tutes are in!
I bought HDY when this thread was first started. Please advise when it's time to sell. Thanks for the tip!
It is definitely time to buy hdy
LOL I don't often lurk the B&I board because I'm not much of a stocks guy which is what I typically see here, BUT I did wander in and see this old ass thread and got caught up reading it. As I don't have all day to read 50+ pages, I did some browsing.. Can someone use my special super duper illustration and give me the cliff notes to fill in the main points?
This stock is like a soap opera
For the what happened here:
Drilled a dry hole
Sold part of concession to tullow
Shareholder lawsuit
Doj investigation
Delayed drilling of 2nd well
For the what happened here:
Drilled a dry hole
Sold part of concession to tullow
Shareholder lawsuit
Doj investigation
Delayed drilling of 2nd well
Delisted and trading OTC
so now is it time to buy?
I'm sure HDY is well positioned to manage their business through this low cycle...right?
Despite all odds HDYN's head is still above water, a small equity which still holds significant
interest in a giant asset, yet to be proven and developed by JV Operator Tullow.
A candle in the wind, still burning, despite all the prior major gusts below. No debt, but certainly
low on wax.
-Civil Warin ROG, then embryonic democracy
-Assassination attempt of ROG President Alpha Conde
-Commercial failure of Sabu well, ending shallow campaign
-BS class action lawsuits & DOJ lawsuit
-Tullow Force Majeure
-Worst Ebola outbreak in world history
-Dilution and reverse split 1-for-8
-NYSE de-listing
A lot has transpired since OP, but the very simple premise still stands. If HDYN holds interest
in this acreage when a major discovery is made, shareholders will profit. This has
always been the basis for this entire play. A debt free company, with no cash flow,
and all its eggs in one basket.
Prior comments about retail shareholders' disadvantages and lack of HDYN leverage or influence in its own fate at the moment, still stand.
The only thing HDYN has going:
Tullow needs a word class discovery and it's cheap to drill (not that Tullow isn't slashing
budgets)
interest in a giant asset, yet to be proven and developed by JV Operator Tullow.
A candle in the wind, still burning, despite all the prior major gusts below. No debt, but certainly
low on wax.
-Civil Warin ROG, then embryonic democracy
-Assassination attempt of ROG President Alpha Conde
-Commercial failure of Sabu well, ending shallow campaign
-BS class action lawsuits & DOJ lawsuit
-Tullow Force Majeure
-Worst Ebola outbreak in world history
-Dilution and reverse split 1-for-8
-NYSE de-listing
A lot has transpired since OP, but the very simple premise still stands. If HDYN holds interest
in this acreage when a major discovery is made, shareholders will profit. This has
always been the basis for this entire play. A debt free company, with no cash flow,
and all its eggs in one basket.
Prior comments about retail shareholders' disadvantages and lack of HDYN leverage or influence in its own fate at the moment, still stand.
The only thing HDYN has going:
Tullow needs a word class discovery and it's cheap to drill (not that Tullow isn't slashing
budgets)
been on the fence. time to pull the trigger?
Speaking of dilution, the board proposed increasing the equity incentive pool from 1.25MM shares to 2MM, they have ~1.1MM outstanding now.
Also.. anyone notice that Elliston (the litigator who I'm guessing was paid in stock?) has 3x the actual shares the CEO does (1.7% of outstanding) and they're all pledged as collateral? One margin call and that's a lot of shares to liquidate in a small cap.
Even if you buy the thesis that reserves will be proved one day, you have no assurance that common shareholders will reap the benefits. I suspect common shareholders will see further dilution as the capital stack expands to keep the co afloat..
I'm a tourist, but come on guys, if you're just going to set some money on fire, go to the casino and get some free drinks out of it or maybe donate that cash to a heart-warming cause and get a deduction.
Also.. anyone notice that Elliston (the litigator who I'm guessing was paid in stock?) has 3x the actual shares the CEO does (1.7% of outstanding) and they're all pledged as collateral? One margin call and that's a lot of shares to liquidate in a small cap.
Even if you buy the thesis that reserves will be proved one day, you have no assurance that common shareholders will reap the benefits. I suspect common shareholders will see further dilution as the capital stack expands to keep the co afloat..
I'm a tourist, but come on guys, if you're just going to set some money on fire, go to the casino and get some free drinks out of it or maybe donate that cash to a heart-warming cause and get a deduction.
Buy low, sell high, ha ha ha
still holding on?
Anybody still watching this thing? I'll admit to buying back in the day, but I'm still holding and hoping!
August @.40
Today @ 2.76
Today @ 2.76
I assume they are going out of business soon. Wouldn't touch this.
TSW2012
Joined:
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Posts:
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This is one of those epic threads that I would love to go back and read through entirely, but there is just no way I can make it through 51 pages.
Here to present your bi-annual update on HDY.
Final Dry Hall
https://finance.yahoo.com/news/hyperdynamics-announces-fatala-1-exploration-114000268.html
If you took initial advice in April 2011 of this thread and invested $10,000, you would now have $35 value in stock.
Final Dry Hall
https://finance.yahoo.com/news/hyperdynamics-announces-fatala-1-exploration-114000268.html
If you took initial advice in April 2011 of this thread and invested $10,000, you would now have $35 value in stock.
still holding
Hopefully a small bag...
Wow, this thread.
If anyone's bored, Boiler Room is a great movie.
If anyone's bored, Boiler Room is a great movie.
texsn95 said:
Hopefully a small bag...
Well it definitely is now.
Oh wow
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