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Video: What is a Stock Split?
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Samson Oil & Gas is an independent energy company primarily engaged in the acquisition, exploration, exploitation and development of oil and natural gas properties. Co.'s principal business is the exploration and development of oil and natural gas properties in the U.S. with a focus on properties in North Dakota and Montana. As of June 30 2017, Co. had total proved reserves of 5,954 thousand barrels of oil equivalent, consisting 5,359 thousand barrels of oil and 3,565 thousand cubic feet of natural gas. According to our SSN split history records, SSN has had 1 split. | |
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SSN (SSN) has 1 split in our SSN split history database. The split for SSN took place on March 30, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of SSN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as SSN conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the SSN split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SSN shares, starting with a $10,000 purchase of SSN, presented on a split-history-adjusted basis factoring in the complete SSN split history.

Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/20/2015 |
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End date: |
11/28/2017 |
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Start price/share: |
$2.30 |
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End price/share: |
$0.36 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-84.35% |
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Average Annual Total Return: |
-48.77% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1,565.40 |
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Years: |
2.77 |
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Date |
Ratio |
03/30/2015 | 1 for 10 |
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