Well, I got out at $8 a share and re-entered at $6.75. If you look at the swings in prices of WLL this has to be a favorite trading stock. It's not a buy and hold unless you really want a boring future. It will go up and down daily. GLTA
You know. Your're absolutely correct. I just pulled up a 5 year chart of DVN. It used to be in the $80's. I somehow always thought they were a first rate energy company but the price chart proves to the contrary. Thanks.
Thoughtful reply. I wasn't sure we were in an up cycle. A lot of very smart oil and gas people are hedging the current priice of WTI. Also, if DVN is selling, and I believe they are very experienced oil and gas people, why is PXD buying? GLTA
You know, it's kind of funny. DVN sells PXD "non-core assets". PXD' press release said they just acquired "core assets". I guess every company gets to send out its own press releases and the seller is always selling "non-core assets" and the acquiring company is always acquiring "core assets". This is all gobellygook in my opinion. These are all very smart oil and gas people. I think there is something to just doing transactions that make it appear they're really doing something other than shifting the deck chars on the Titanic. GLTA
If you really believe your post, why are you posting on the WLL Meassage Board? Given your prediction, you can't possibly own any WLL. So why waste your time helping all the people who think WLL has a bright future? It makes no sense. My advice is to go to a message board where you are enthusiastic and post there. GLTA
It's already over $11 in afterhours. While interest rates and Janet Yellen's prognostications about where interest rates may be going, I doubt that is why OAS is rising. Look at the upgrades by Jeffries and Goldman and I think you'll get a better picture of what's happening. GLTA