I would tend to side with Core Labs since this is their precise expertise. However, you can look at this another way. Pappas also said that he thinks US oil production was generally peaking, and we're overestimating growth. So this is bullish for the oil price, if he's right. So, if he's right, whoever has the oil may in fact do well. Let's allow the chips to fall as they may. I am with Core Labs. They put their reputation on the line on national TV by agreeing with Sheffield.
I caught it at $188 and again at $186 to average down. You are more nimble than me. Something tells me those buys are good to hold for LT capital gains.
It holds the best domestic on-shore acreage in the country. Do not try and value this company based on traditional metrics. Do not short because they missed EPS and revenues for this quarter. This stock has a floor under it based on its acreage and what lies underneath it. PERIOD.
Won't see $47 tomorrow.
Carl who? He will be quickly forgotten. NFLX will quickly retrace its way higher toward $400. I own a few shares. Not my favorite or largest position. But shorting here is stupid. This can regain those lost points in a session or two at any time.
Who has more reserves? I realize this is tricky because there is "proven" reserves and then potential reserves. But I think it is an important question to ponder.
I intend to hold PXD until it reaches par or better with EOG. I hope this means PXD going up and not EOG going down.
S&P down 10-20? Flat?
Seems to me this is extremely bullish for YELP. One of the biggest threats to Yelp's business model is the posting of fake reviews. Regulators are stepping up and assisting YELP in policing the market. This seems to help validate YELP. And the legal threat now clearly exists to those who may try and post fake reviews.
YELP is a great long term hold.