Thats stupid. There are 100 charts showing declining investment in oil fields, decline out put on a per well basis (old wells dying) and that out put will start falling come mid 2016 when prices will normalize near or above 60/70.
I hate dutch tenders... every time I don't participate because I think the shares are worth more it... it tanks and I wish I had done it. I would have really liked to keep my divi.
The problem with ORIG for me is that I could buy RIG or SDRL and get the same exposure with none of the risk. I don't know that enough drillers have filed for bankruptcy yet. I don't want to catch the bottom... I want to see it start to track up with a positive catalyst or earnings event.
shorts covering and momentum players seeing if they said anything on the call. They didn't so the momentum money will leave even at a small loss and go make fast money somewhere else.
This is going to base for a while, probably six months. expect a range between 1.00 and 1.50 tracking with whatever oil does... not the company. Only changes in that will be asset sale spike or permanent change of oil price to 60, at which point this stock will be above 2
Yeah that pre market trade is nothing. I am not sure there is enough good news to make a big run. I mean were up 300% in a month. I hope it can hold its own here and not get pushed around... at least long enough for another asset sale and the corresponding pop.
not totally excited about the warn on pipeline access issues effecting output in q4 and the first half of 2016. I will be interested what they say about it on the call. Regardless glad to see some positive results.
I read the report. They took a hit on a Malaysia Air lease that was refused in bankruptcy. Thats it... and everyone is freaking out. That is the time to start a position.
Of course I am still in FLY too... and thinking about starting in AER.
I must have missed something.
Why do I care if it drops below the 200dma?
I really like this company and stock. They keep growing and post solid consistent earnings. They have a backer the big M and pay a dividend, which they just raised. I also own FLY which pays a higher dividend but that company is run by a room full of monkeys.
This loss looks one time to me related partially to Malaysia. I think it will take a little time but I expect 24.00 by April 1 2016.
I will keep an eye on it. Jumping into something I know little about during a down trend the day before earnings is a little beyond my crazy limit. Lets see how it plays out. I hope you make a boat load on it and that I just make a regular load. :)