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Nabors Industries Ltd. Message Board

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  • buycheapstocks buycheapstocks Nov 15, 2006 11:32 AM Flag

    HugeBearFandue -- OIH Calls

    well at this point everybody expecting a winter like last. I do not think so. like we had a hurricane season with no hurricane. distillate is already at the same level as last year, but consumption has been up by 9%. I guess we see. I still say Jan $64 oil and nat gas +$10.

    by the way, stop shorting NBR. joking of course.

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    • LOL...based on the financials it would be insane to short NBR.

      I have loved E&P NG/Oil since 1998-2000 (SFY and OXY), but since $40+ oil, I no longer was a buy and holder...I became a part-time nickel and dime trader.

      More recently I have noticed more value in drillers than E&P, thus I began smelling around NBR and have done several round trips...but not yet confident to hold for the long term.

      • 1 Reply to TURBOFINANCE
      • Yeah I hear ya there.

        Nothin to lose really buying tween 27 and 29 -- but here ?

        Not for me.

        I sold the last of my calls last week and sold the last of my puts on Monday.

        Theres a certain sense of freedom in dumping an NBR position ;-)

        As for me, I held it for awhile last year for a good gain, then bought the bottom early this year for the run to 40... and back to 36... then I sold. Its been purely trading ever since.

        Its a shame that when NBR gets near 35 you almost feel like its nose-bleed territory and start gettin nervous...

 
NBR
9.12-0.32(-3.39%)Jul 27 4:02 PMEDT