new stock new volatility, 15th may ceo resignation
journalrecord.com/20...or-personal-reasons/
new ceo
Joseph Mills, president and CEO of Samson Resources II,
Finance
Activities: Sailing,
Petroleum Land Management
1978 – 1982
Klein High School1974 – 1978
www.linkedin.com/in/...seph-mills-2036a719/
Samson Investment Company is the largest privately held company of crude oil and natural gas in the United States. Wikipedia
Headquarters: Tulsa, Oklahoma, United States
Founder: Charles Schusterman
Founded: 1971
Roan was formed by the merger of Linn Energy’s and Citizen Energy’s oil and gas land leases and producing wells in 2017.
It reported $148.2 million in net income, or 97 cents per diluted share, for the fourth quarter of 2018, compared with a net loss of $10.4 million, or 7 cents per share, for the fourth quarter of 2017.
The company announced March 13 it increased the borrowing base on its revolving credit facility by $75 million to $750 million.
At the end of the fourth quarter of 2018, Roan had total net debt of $507.7 million.
Market Cap 610.16M
52W Range is 3.66 - 19.60
Institutions Own 71.80%
Sales 439.80M
Short Float 0.17%
Target Price 12.13
Just to note old IPO numbers of LNCO who is part of the merger:
Exchange NASDAQ
Share Price $36.50
Shares Offered 30,250,000
Offer Amount $1,104,125,000.00
Total Expenses $2,434,863.00
Technicals :
avg vol: 527k
close at 4$ on 26/04/2019 day's range : 3.90 - 4.12
If f 3.90 cant hold next level is.786 fibo at 3.85 if not we go retest 3.69 or last support 3.66
lower zone possible 3.50 is highly likely to be good psychological bias for a bounce if it goes there. I doubt under.
earnings on 14th of may so will move before and/or after.
Swinging possible in the range to buy 3.9-3.7 and selling to 4.15 that possibly will again be a liquid range