I just read a self-serving piece of journalism in Fortune discussing the apparent rise from the dead of Chemours. The article talks about a lot of changes that the CEO has made to save the company from the brink of disaster and insolvency. What he failed to mention in any meaningful way was the continued dark cloud hanging over the company from continuing and future litigation loss risk from the C8 disaster. This is the billions of dollars of risk that is not fully discounted on the stock price in my opinion. With a market cap currently listed at 1.86B$; all could be wiped out with another major lawsuit which is likely.
Guys - this is just a well planned and well used game by the capitalists to swindle poor little retail out of their retirement savings. Just sell shares in a company when the times are good, then file for bankruptcy when the times get bad, in the process stealing all the capital that they accumulated.
No one, and I repeat NO ONE, should own individual company shares which all have the real risk for going to zero. Especially in the oil and gas sector. They do this repeatedly.......repeatedly.
Lather - rinse - repeat.
If you want to make a small fortune in the oil sector, start with a large futune.
Just another successful operation run by the Wall Street scammers to cheat the small guys out of their hard earned dollars. Convince them that MLP's are the wave of the future and hook them on the oil and gas sector. Sell them on those juicy dividends, all the while filling the tent with more and more suckers.......until it is full. Then, slam the door shut and reek havoc on them by stealing all of their investment.
But hey, at least you got some high dividends for while before you lost 100% of your capital.
I am sure he was pumping it on the way up once it IPO'd. Was he shilling it when it was in the $80 range? I'm sure the shyster was......but please let me know. I am sure he helped sucker in the losers, and once in the tent, the doors were locked.