It may have found a bottom, or at least a bottom for today, but even if it stops falling, do you really expect much upside in the near term? At best it's going to be dead money for quite awhile. After he said the dividend was safe for another year or two, anything the CEO says going forward is going to be regarded with suspicion.
Your warning is a little late. Or did you just wake up?
"Not really sure what your point is"
He's clearly some newbie rookie who (thinks he) got something right for the first time. MBLY will trade more than 5 million shares today, but for Exit the only thing that matters is his ten shares and he thinks the game is over even though it's only the end of the first quarter.
Now he's turned his 10 shares into $450 burning a hole in his pocket and he'll manage to blow that and all of this month's paper route money with his next trade. Even as we speak he's probably boring the other kids in study hall with his exploits.
"I knew one of you would say that ..."
Some things are just begging a response.
You didn't school me. It's a volatile stock. It's up. It's down. Sell calls, buy them back.
It ain't over 'til the obese soprano screeches.
Tried a couple of times to reply, but apparently Yahoo doesn't like the links I put in.
So Google CEF Connect website. Do a search there for "energy" and it will give you a list of Closed End Funds that have energy stocks in their portfolios.
You can check them to see what stocks they hold, if the fund is selling at a discount to its NAV and what, if any, distribution they make. You can check them on Morningstar to see if they're rated. On Yahoo they don't show the yield on distributions correctly.
As an example there's BGR that sells at a 3% discount and has nearly a 7% yield. Or TTP that has a 4 star rating at Morningstar, a 12% discount to NAV and about a 5% yield.
You can buy them through a broker. No minimum dollar amount. You can have distributions automatically reinvested and you add to your investment whenever you have some spare cash. Far less risk and almost certainly gain when energy price rise.
I really think for you these would be a far safer, more rewarding place for your money. With HK it could be boom or bust.
Yes, I wish NJJMatt was right, but right now the light at the end of the tunnel seems pretty faint. I'm long some April calls, but they were bought in happier times. Right now I'm not brimming with optimism.
More importantly, what is behind your decision?
I'm long calls in HK, but I got into them awhile ago when things were a bit more optimistic than they are now. Not sure I'd initiate a position at this point. Lower oil prices will have a greater negative impact on small, heavily indebted companies like HK than they might have on established companies with decent balance sheets.
Just because a stock's price has dropped considerably doesn't mean it's a bargain. If oil prices come back up soon things may get better for HK, but in the meantime they have to manage that enormous debt.
If you regard the $1000 as a gamble (meaning you're prepared to see it go up in smoke if things go pear-shaped), why not put a smaller amount into some calls out to Jan 2016 or 2017. If HK comes back big-time you could easily make a nice percentage profit without risking the whole $1000.
If you think you're "investing" with a reasonable expectation of watching your money grow for some future expenses, this is probably not a good place for your money. If you believe oil prices are bound to head north again, put the $1000 in an ETF or CEF that holds oil related stocks.
Totally ignore realfoxiegirl who is obviously a troll.
" I sometimes think he has a hidden agenda."
Mainly self-promotion, but I will give him his due. I listen to some of what he has to say most days as well as watching Fast Money and other such fare. Markets are driven by sentiment, whether logical or not, so all of these guys do provide some insight. I've made (and lost) money buying into what they say ... just as long as you filter out all the sound effects, the jumping around and the hoopla, it's all worth taking into consideration. He's obviously made a lot of money along the way, but he still is sometimes just as foolish as the rest of us.
Yes, at one time or another he's made a buy. sell or hold recommendation on every stock or market index out there. Except for a few calculated displays of modesty, he can never be wrong. It's just a matter of cherry picking the prediction that fits the result and ignoring the others.
What's "amazing" is that all the dweebs calling in for advice during his shows all gush and praise him. No one ever manages to get through who's allowed to rip him to shreds.Maybe his often mentioned charitable trust should dispense reparations to those who followed his advice and got hammered.
In another indepth analysis of fundamentals and technicals, Cramer announces:
Seadrill: "You can't touch Seadrill. I say this because my Charitable Trust owns Ensco, and it's one of the worst stocks I've ever bought in my life. It has now crushed me."
Thursday we were definitely not at an investible bottom in the market according to Dr. Cramer because his 15 point check list remained largely unchecked.
Friday, after the market rose and didn't sell off that much, we're suddenly at an investible bottom. Not much has changed from one day to the next, but Jimmy started checking off things on his list because it dawned on him the market might leave him in the dust. If things turn sour next week, the flip-flop prediction of things that already happened will undoubtedly continue. Bozo at his best.
According to Linn website
“Current expected natural gas production is hedged ~100% through 2017.
Current expected oil production hedge ~100% in 2014 and ~50% to 60% during 2015 – 2016”
Some of their hedging is in the form of puts so that they don’t lose totally if prices rise appreciably, but they’re in a good position for the present in this sell-off in large part attributable to Saudi cut throat pricing and big traders liquidating painful long positions.
I doubt Linn would opt to stop production. Shut down and start up costs would be prohibitive and I don't think many people think energy prices will not recover to some degree fairly soon. Some production may be killed off with companies than can't handle their debt load, but that would contribute to upward pressure on prices to the benefit of the survivors. OPEC is losing its influence but their strategies are still aimed at eventually reducing supply to provide price support.
Given the highly intelligent comments from the Debbie Downers, it sounds like a bottom should be in soon. Evidently Darwin's theory about removing the losers from the gene pool applies to the Chicken Littles in the stock market as well. Once all the knuckle-draggers waddle off the playing field, things will improve greatly.
You certainly seem to have a lot of time on your hands for posting nonsense. Does mom bring the cookies and milk down to the basement for you or do you sometimes emerge into the daylight to prove you can still wedge your way up up the stairs now that they removed the banister?
Many companies have stock available on existing shelf registrations without implying that it will be offered to the market immediately or ever, so the offering itself is not exactly old news.
A procedure that allows firms to file one registration statement covering several issues of the same security. SEC Rule 415, adopted in the 1980s, allows a corporation to comply with registration requirements up to two years prior to a public offering of securities. With the registration "on the shelf," the corporation, by simply updating regularly filed annual, quarterly, and related reports to the SEC, can go to the market as conditions become favorable with a minimum of administrative preparation and expense.