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Houston American Energy Corp. Message Board

bonetraill 13 posts  |  Last Activity: Jun 3, 2016 2:46 PM Member since: Mar 18, 2010
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  • bonetraill bonetraill Jun 3, 2016 2:46 PM Flag

    hopefully the orange clown will fix this in Nov.

  • Reply to

    Who are the idiots to sell at this low price ?

    by patvn777 May 25, 2016 8:00 AM
    bonetraill bonetraill May 25, 2016 3:27 PM Flag

    Didn't they hire restructuring attorneys a few months ago like HK did?

  • Reply to

    Freaking Banks

    by rayelroad May 24, 2016 8:15 AM
    bonetraill bonetraill May 24, 2016 12:39 PM Flag

    the saudis aren't the big winners in the crash of oil. The banks are the big winners. The investment banks to be more specific. They are picking all these companies up in BK and their land is extremely valuable since its shale and 100% drilling since.

    Just like the housing crisis that was engineered...the commodity crash was engineered too.

    Not only are they getting the benefit of low oil prices by shorting everything and creating a crisis. They also got the holygrail of energy firms...Saudi Armaco as in the SA IPO.

    These guys win either way and we bail them out.

    Whats the next crisis? One can only imagine what the likes of JP morgan and GS are discussing.

    GL

  • Reply to

    So the story is

    by divin4tacos May 19, 2016 10:14 AM
    bonetraill bonetraill May 20, 2016 1:34 PM Flag

    This is the only time in history that oil has crashed without the demand part of the equation. Record demand and growing globally.

    Soooo let see..i wonder if those little speculators (you know the ones everyone that caused oil goes to go $120) had anything to do with oil going to $25?

    And did floyd run this company well? i haven't thought so after the Geo purchase.

  • Reply to

    So the story is

    by divin4tacos May 19, 2016 10:14 AM
    bonetraill bonetraill May 20, 2016 1:03 PM Flag

    As for HK. Floyd did not make smart decisions running this company. I called this 3 years ago. He bought way to0 much land and too many companies. He should have never gotten into the TMS and did it a very late stage. He should have stopped with Geo purchase but kept going once he had the billion in liquidity. I think HK will shed everything but ND properties and focus on that going forward. Its hard for me to feel bad for him. I do feel bad for the shareholders and people like the Hunts who sold property to him.

  • Reply to

    So the story is

    by divin4tacos May 19, 2016 10:14 AM
    bonetraill bonetraill May 20, 2016 12:47 PM Flag

    I totally agree about GS. This was a man made crash. Wallstreet loves crisis and they created this one. Demand is at record and its the smallest margin globally for supply. GS also wanted in on the SA IPO. Also, BK's don't matter in the world of shale oil and 100% drilling success. The headlines will soon be record demand need for investment by the investment banks. This isn't the 1980s wildcatting. The Saudis can't survive $40 oil let alone the rest of opec. GS got the IPO and will need higher oil.

    Shale will be the big winner when the dust settles.

    As for Mr. Obama..The world will judge him down the road for giving nukes to Iran just like clinton did with North Korea. And whoever comes into office next will be facing global conflicts due to his inaction and multiple failed states. He never could handle big problems and wants us to be worried about bathrooms and zika virus.

    anyway..

  • Reply to

    CRUDE 70 by end of year

    by keoo2 May 18, 2016 7:24 AM
    bonetraill bonetraill May 19, 2016 3:19 PM Flag

    Improbable? Record demand for crude products globally in china, india and the US. Rigs are at record low and saudis are trying to pump at record pace. Are they making record investments?

    I love the word glut...there is only a 2% margin globally for oil. OPEC production will roll over this fall too.

    GL..

  • Reply to

    Amazing how it can drop quick but not go up

    by szapaul May 18, 2016 10:51 AM
    bonetraill bonetraill May 18, 2016 11:20 AM Flag

    I totally agree. I feel like its going to have a flush out.. like clayton williams CWEI did a month ago. It doesn't look good with oil at 48. oil move barley a percent down and this moves 3% down and when oil is up 3% it gives up all its gains in the afternoon.

    This is a depression for offshore drillers not a bear market...a depression.

  • Reply to

    Can it go above $10?

    by szapaul May 17, 2016 10:19 AM
    bonetraill bonetraill May 17, 2016 2:56 PM Flag

    this traded at 19 last time oil was $48. There is no reason for this to be under $10 or $30 for that matter or frankly their book value but it is what it is.

    i don't think it breakout for a few months if all things are equal. The E&P guys will lead the way out as we've seen. SA is also producing at max and their production will roll over this fall. They haven't been investing at record pace to keep up with record pace.

    The wild card is if the market wants to do its 8-10 year crash early because of a new president coming in. Maybe wall street will wait until the next person arrives for that.

  • Reply to

    The oil deficit train has left the station...

    by roundup4978 May 16, 2016 8:11 PM
    bonetraill bonetraill May 16, 2016 9:28 PM Flag

    GS wanted in on the shale explosion. They also wanted in the Saudi IPO. They got both. The headlines will be record demand and tightest market ever and need for major investment to keep up with demand. Demand never went down and this was a man made crash...by the speculators AKA GS, JPMorgan etc.

    Oil demand is at a record globally. RECORD and only going higher. Nothing will stop china or india going forward. These countries are just getting started and are very thirsty.

    oil would be well over $100 right now without the man made crash. Theres only a 2% margin globally. there are also HUGE supply disruptions. The only thing that has kept it from spiking much higher are the daily B+S headlines about record Saudi output. These guys are bluffing about the 12 million barrels BTW. They are maxed out. They have threatened the world about this magical 12 million barrels for decades. This is it...this is their max output.

    good luck

  • Reply to

    Goldman Sachs says BUY OIL

    by hah552001 May 16, 2016 3:49 AM
    bonetraill bonetraill May 16, 2016 9:47 AM Flag

    They did this because the got the SA IPO...the next press releases will be about the underinvestment in the industry and how demand is at records.

  • Reply to

    I'm going to cover around 7.00

    by stevenash45238 May 4, 2016 5:10 PM
    bonetraill bonetraill May 4, 2016 5:36 PM Flag

    You should go outside more and maybe try ice cream. the world is an amazing place.

  • bonetraill bonetraill Apr 29, 2016 12:15 PM Flag

    Probably about the same time everyone starts talking about record demand for crude products around the world..and how crude demand is growing every

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