Well, that was another bad call cockryder. Not an 8 handle a 3 handle. Well, you still got another 11 months I gurss, but I will bet you ANYTHING it will be LESS than $50 all year unless some major event happens.
Hows line and linn working for you? CHK, NE, LINE, SWN, WOW. Probably the worst combo play you could have made. SDRL is in the same boat and all the others you mentioned too. Hopeless bets by an ameteaur. Hope you had something better than oil in your basket. This, as I have said for two years, is NOT THE USUAL OIL MARKET. SDRL will fall by the end of the year unless the Saudi's give in (and they won't). Too bad, so sad.....
Moreon, that's a good handle for you cockryder. JF's shares are on the SDRL.ol exchange and it was down 15% today, so you got some catching up to do. He has also been buying SDRL debt at $52 on the dollar. Why? Because when SDRL does its reorg they will payoff most of the debt at 100% plus interest.
On Jan 20th CHK was at $3.82. At $2 today. Another REAL MWINNER Cockryder. Are you broke yet? Still lovin' it? What a joke!
Don't think so cockryder. I am living well. Go get some more ID's, but wait...You can't spend those!!!!
Do you see $60 oil this year? That is what it takes for UDW drilling to be profitable. Drill day rates are 1/3 of what they were and SDRL might be able to scrimp by on 1/2, but not 1/3. The price of oil isn't all there is. So many drill ships looking for work is what will finish SDRL. Get out while you can still get something.
Great! You're almost back to even! I listened.... And made notes.
billknight3402 • Feb 2, 2016 11:09 AM Remove 1users liked this postsusers disliked this posts0Reply
This was your third buy IVO, did you forget the other two where you averaged down to $2.18 AFTER this buy? But you deleted that one. The below buy averaged you down to $2.38
Now you are holding like 130,000 shares at $2.18. Not 15K at $1.61
You forgot this one.
ivodirect • Jan 15, 2016 12:51 PM Flag
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now my average is 2.38
keep adding Less
Was this also a Triple inverse parabolic crest formation when SDRL was at $9?
dickland_pandle • Jul 7, 2015 12:12 PM Flag
The Call Was $8.97
Bottom was hit at $8.98 today…BUY…BUY …..BUY!!!!!
More BS. All you need to know about SDRL was taught in ECON 101 Supply and Demand. Play with stupid formulas that have three unknown variables and you will be right 50% of the time.