hoping it will go lower so i can get some more at around $4...you guys better sell so I can buy...ha, ha, ha.
here is the lowdown..when oil hits $50 a barrel, a bunch of people come back on line driving the price down again it is a continual seesaw back and forth movement so no breakout can really take place...oil will remain in the $40 to $55 area and DNR will remain under $6 a share..that is why it is so important to take some off the table and funnel it into money making, high paying dividend stocks like EURN and NYMT...I know what I am talking about..now listen and do.
for about $10 or less so the profit in silver is 100%..silver stocks should zoom higher..anybody who agrees or disagrees with me..please let me know.
buy all you can..things are coming together with the producing mines...60 cents is doable in two month time if next ER is a good one.
vladdy, glad you have seen the light..you have to know when to fold and when to hold..just read that Yahoo is being sold to Verizon for $4.8 billion...but a few years ago Microsoft offered 45 billion for Yahoo but Jerry Yang refused the offer..just think now they are selling out for 40 billion dollars less then what they could have gotten a few years ago..
look for a bit more down before it starts to recover..been around for some time and it will survive and prosper.
but the gold stocks are also doing good..being in the right things at the right time is the way to go.
NYMT is a good one to flow into with some of this loser...SXE is also acting good
earnings are great and the dividends are greater.
Algeria, was conquered by the Romans a long time ago and that was the end of them..now there is nothing but fighting and poverty there..not a very nice scene.
DNR has to do as PWE has done and that is; it has to reduce its giant debt so all its income does not have to go to service its over 2 billion debt..until that happens DNR does not have much of a chance of going to $5 or $6 a share.
millionaire..he really knows how to pick stocks..he is way ahead on the silver mine stocks like AG, SSRI and ASM.
from none dividend paying stocks into dividend paying stocks...NYMT pulled back a little so this was a good time to pick up a few shares..remember DNR is still loaded with over 2 billion in debt and a declining oil market...also remember that the model 3 will decimate the oil market and more and more houses are going solar.
it is losing $1.50 per share..why buy losers when you can buy winners like EURN and NYMT...EURN is making money and is really cheap..check it out..I'm thinking of adding some..will put in a GTC limit order for $9..maybe I can pick some up on a flash dip.
back on line...he expects oil to trade between $30 and $50 a barrel for the next few years..so there you have it from the experts.
I agree, the shippers have had a terrible time of it recently..but remember, if you want to win in the long term, you buy at the bottom, not the top and never go in too deep..stay diversified.
in fact the returning rigs will keep the price of oil under $50 and that is very bad for debt laden DNR..the big oil outfits like CVX, XOM, TOT and OXY may be AOK