When oil hits $50 WLL will be trading at $20 or so I would guess, so what's your hurry to bu at $30?
No, Obama has decided to help his Muslim friends destroy the US shale industry. Don't make it too complicated.
No, none of these jr.'s can survive oil this low. It is killing me too, but why live in a make believe world. Made the mistake of not selling before the Saudi announcement. All my oils getting killed. Down about $250,000.00 and losing more every day. Never been killed like this in the market. A real bad deal with no end in sight. Even if oil rallies NO ONE will touch they small oils for fear of what just happened with the huge price drop will happen again.
No, not worse than Lehman. Not that big a deal if oil stays above $150. Cover your short and move on.
One more quick downdraft and WTI is at $40 my friend. Get ready for it.
Remember Carey, Clinton, Kennedy and all the other libs standing in front of the senate telling us all Sadam had weapons of mass destruction and must be stopped. Why did we have such poor intelligence? Because the democrats spent the previous 20 years gutting our CIA and undercover activities. No, spare George and hang the leftists in this country.
Your posts are what's comical, does not look like WLL is going up with oil's drop to those of us good at math. WLL been drifting down ever since the run up from $24 as oil slowly dropped. You are a hoot sync, LMAO at your drivel.
These types of actions is why god invented tar and feathers. The stock giveaways are an inexcuseable act of hatred for the shareholders.
Bakken drilling will be non existent in another 6 months if oil stays in the $50's. Oil wells all around the nation will be getting turned off. Oil does have a bottom, and it will be somewhere between $45-55 IMO. Will take a while to settle out. Already seeing some of the wells shut down in the area in which I live. Unhedged oil that is NOT profitable will be turned off immediately at these prices and that is true worldwide. That said, that is not going to help stocks like WLL go up, as they can't be profitable with cheap oil.
business knew that there was a growing supply of oil outstripping growing demand. That means a surplus which means lower prices. Only a severe cut by OPEC (in which case they would lose market share) could keep the price up. Yet, WLL's management DID NOT hedge their production when oil was over $100. Instead they bought KOG at a time oil was high and took on a huge amount of new debt--but did not hedge their production. This blunder has cost shareholders dearly, as WLL's share price has fallen from $92 to $26, with no end in sight for a bottom. Bad management decisions kill shareholders, and WLL's bad management decisions are certainly no exception. Now, at what point does WLL's very ability to survive come into play, that is the next question. If oil stay's at $50 for a couple of years WLL will trade under $10 and will struggle to survive. All because of bad management decisions. Us shareholders suffer, hopefully we won't see big bonuses and big share giveaways to management rewarding them for their horrible performance.
Grape was referencing the value today sync. No, oil won't stay $50 forever, that's why land values don't stay the same. 3rd grade math. You must have missed it. Oil could be $125 or $25 in a year, and the land will be priced accordingly. If you think it is worth $10000 an acre today I have some oceanfront property for sale in North Dakota you might be interested in.
Face it sync, you don't post your trades real time. Only generalities like your own example above "I own it"--wow, now that is really posting your real time trades. Only thing dreamed up sync are all you make believe after the fact gains you boost about. So simple, even a cave man can see through it.
Have a Merry Christmas!!!!
continues to dive into the $50's. Ouch. This is killing me.
Blah blah blah. Hell if a meteorite hits the planet and destroys it then the price of oil won't make a diddly.
Looks like they are succeeding to me. Destroying small oils, banks and stockholders.
Sync, start posting your trades when you make them instead of after the "fact" and you will have some credibility. I bought 1 million shares at the open today and closed them out near the close. Wow, what a trader I am. Look at me, the smartest guy on the board. Nobody believes the end of the day bragging BS. Now man up and post your trades WHEN you make them. I doubt you will do such, but would be fun to watch, considering you brag at the end of the day on how great a trader you are with NO PROOF.