Both major holders in NG plays. Carl Icahn owns over 11% of CHK (major NG concern) and we all know about Mr Ross's investment in XCO. I think their track records speaks very loudly.
True. Many a smart folks do things like that. Ahead of the learning curve they call it. My father was one too. Never said much but boy he sure was a prosperous person not only in WW11 but life after that. I just wish I would have inherited all of that.
A concern russ I think it is/was due to low NG and ol pricing as well as high debt. As has been characterized here as the "perfect storm" is very accurate. I think we all agree on that one. Even willy dilly would concur.
Still here and still breathing thanks. Agree with you 100% as always sir. You're a true investor for sure. As is vzar47b. An anomaly in this s-term financial world for sure. Holding and hoping.
Today's announcement means this company is doing all it can to stay above water.
I don't how accurate this statement is but I read the frackers in the US are burning off over $100M of NG monthly here due to no transportation infrastructure. I am a staunch proponent fur utilizing NG to propel our cars/trucks. If my numbers are correct NG pricing at today's $2.60 would equate to about $.80 per gallon for NG equivalent. Can you imagine the money we'd be saving fueling our transportation needs via NG????
You got your wish Russ.....And what was that all about at the end? Pure manipulation if there ever was one. I still believe as others here do that a deal is in the works with a large oil concern? Sometimes in life when it isn't working get a new deck. Shuffling the old doesn't get it.
Both up XCO getting killed. Again. I think it's pretty obvious this company is the dog of the group in a sector that has been beaten to death. Shorts are all over this company again today. Smelling blood.
$30 IMHO is a stretch but we all know with the days constant referrals to oil reaching historic supplies the price will continue to drop which is manna from heaven for the airlines. Once oil has bottomed I agree 100% the airlines will take some serious s-term gas. In share price that is.
LUV is trading directly opposite to oil in the last 6 months or so. Just like the rest of the airlines. Oil is probably going to hit new lows. Once that is reached get out of the airlines for a while anyway. $38 the new low? We'll find out shortly I would imagine.
Wait until these lawyers start doling out the very disturbing insiders e-mails. There are a many very nervous ex GM fat cats sweating bullets today.
Citi sees U.S. government bans and limits on crude oil and condensate exports as a major problem. "In the end, there remains an inevitable day of reckoning when U.S. crude production cannot escape its North American confines, pushing down U.S. crude oil prices and endangering production, without widely liberalized exports," analysts explain in the report.
Citi predicts that the pressure of falling oil prices will eventually lead to drastic increases in U.S. crude oil export allowances. Citi expects the U.S. to become a net exporter of crude oil and petroleum products by as soon as 2018.