Thanks, I will take a look of those online. The charts on this stock are terrific and positive. THe big drop caught mere by surprize.
Standard margin is 25%. That means you can buy 4 times the worth of your portfolio. When they raise the margin requirement as they did here to 40% that cuts-reduces- my buying power a little over $64k.
Recently purchased this because of recommendation from my paid stock letter. Unfortunately I do not have anything but big loss to show so far Any ideas why are we down and market is up? This was supposed to be a fairly safe harbor investment.
Good fine. Shows the Saudi's still are the market makers in oil.
yep, we are beginning to see a movement saying oil is near the bottom. If you look at previous oil crashes and apply that data to this crash, mathematically oil is selling in the area where it should be for a few months.
I felt the same way myself the last few days. Recent production problems is the only thing I can think of that may be holding it down.
Thank you for the informative update. Your expert analysis is much appreciated. All the boards need more poster like yourself.
Us still at over 9M N bpd. Most likely will increase daily until late summer. Looking at shale producers cost it is hard to really say what average is. I have heard that $50 oil will test many. Rig count means little at these numbers. We need huge cut to reduce production substantially. All the previous figures are thrown out the window in this decline. It is purely a geopolitical thing. IIMHO, this is an oil war between SA and Iran and Russia..
True, I just hope they don't let this opportunity slip between their fingers. If they were to go to that, you would believe they wold have sold some by now.
If you are long, that is not a bad idea but,I don't know if right now is the time to do it If we can pop up over $17 the calls will more than double. We might see at least $17 prior to the dist . in the run-up.
Yep, got to agree with you. They have a golden opportunity with all those hedges and they #$%$ it away with poor operational performance. Why is production declining so fast. With all the hedges in place they should be drilling like fools to take advantage of them.. What are we missing.
Just looked at the recent earning report. I did not expect to see such a production and gross profit drop. Now this pps decline is starting to make sense. Seems like they can not get a handle on production. Actually making me begin to have a little doubt about how good a year 2015 will be.