Woooooo whooooooooo Booyah
I mean really, ARE YOU FREAKING KIDDING ME? LMAO
Did you idiots buy puts when I warned you too? Nope because you were to busy watching CNBC show that ugly fat lady who needed the Chewbacca Mask to have kids, she looks like Jabba the Hut, LOL
I urge all to go see that movie, better investment than going long right now, LOL
booyah, then you will know what to do then
lets pick this fat lady up and try to move her up stairs boyzzzzzzzzzzzzzz
Lets see if they push it there for us tomorrow
Anyone else see that formation?
Sentiment: Strong Sell
Did anyone hear his voice today? Grosss!!!! Jimmy boy, take break and live life and heal up, you dont need to lead the sheep to slaughter everyday, LMAO
You can thank Dallas Salazar for that!!!
UPL is here to stay
Sentiment: Strong Buy
It does if you are one of the unsecured debt creditors!!!! which last was counted at $1.8 Billion worth!!! Chapter 11 will clear that up real quick!!! Ask SUNE, EXXI and the others, that means only the secured debt creditors will still be owed, even then, how will they recoup any of their money because they can't sell any assets when there are over 43 other E&P Oil and Nat Gas companies whom have filed chapter 11 as well, that means only the best assets will be sold leaving creditors with oil and natural gas wells and no human resources to work them. Remember, 1 well employs between 30- 50ppl and these wells are in the middle of nowhere Texas, OK, ND, Wyoming and Utah and since 2015 the oil industry has lost over 250k that are never coming back in our lifetime.
Sentiment: Strong Buy
Thank you for explaining this to this person. Exploration is not needed nor being done nowadays, just keep drilling in the wells already developed
Hey Lui Kang, read my analysis on the topic on this message board and you will get answer to your question. The topic is "Will MMs let the 3DMA and 8DMA cross the 50DMA", I wrote it yesterday. Here's question to you, UPL wasn't the only Oil & Gas company in the industry who waited until 2015 to write down debt, with your understanding of accounting, do you understand economics and finance of "failing finance in downturn industries"? This means if you are a creditor and you start doing impairment tests and pulling credit forcing bankruptcies, and so far since 2015 there have been at least 43 bankruptcies, this means how will you recoup your losses being that you are the creditor (AKA bank) when ALL commodity assets within the Oil and Natural Gas industry are basically worthless, especially if you are a creditor who is a bank you must have a certain amount reserves due to Dodd-Frank rules- Remember the To Big to Fail document caused by the 2008 Financial Crisis?
So now, with the questions I just posed to you, now do you apply accounting as a regular practice since you can no longer sell the assets of a defunct debtor due to the fact their is so many assets available and literally NO BUYERS to allow you recoup some of your loss?
Would it not make more sense for the creditors to become longterm shareholders by accepting debt to equity conversions in the forms of Warrants, options, and special preferreds that will allow them to recoup their monies?
You have to remember since 2015 the Oil and Natural Gas lost over 250k jobs that are never coming back because those ppl found jobs in other industries. Your statement and question implies the Oil and Natural Gas boom towns in North Dakota, Oklahoma, West Texas, Utah, Wyoming, and Eastern Pennsylvania will start booming again. Have you visited those areas prior to the down turn and post the down turn? There is nothing there now. These creditors have squeezed 43 companies and their assets and cant squeeze anymore
read my posts and topics, I don't work with Dallas Salazar