What does China have to do with LUV? Nothing. This just happens in a down trading flash. LUV could make $4Billion this year and more in 16 if oil holds steady or down, and it is predicted lower. Don't jump from the ship. It is a really good company and great investment. May get back in the high $40's this year. But never buy a stock with out a stop in place... Might buy more at this price.
I would increase my holding here another twenty per cent. This is a long way from topping out. When it hits $55 pull the trigger and it could hit $60. International terminal opens in Houston in October and maybe one in the future in FT. Lauderdale. This is a great company and makes a ton money currently. Oil is staying down for a long time. And buybacks are coming in Sept. I like AAL also but not as much.
IF they were I can assure you we will read about it in the paper and not here. This rumor has been going on for years. But they have bought three airlines over the duration of operation.
It is a travesty that WS is doing what it is today to SWA. This airline has almost an 85%, EIGHTY FIVE PER CENT, load factor. They are leaving paying customers at the gate because of the lack of seats. A fare sale shut down ATT last week. DAL is now out from under the Wright Amendment. That's LOVE Field to those from bum f--- land. I fly SW a lot of the time and American also. The terminals of both are crammed with customers. Every time a CEO pulls back from expansions, the year after, they say we should have bought those jets because now we really need them. Too late now mr kelly...How are you going to add fifty cities South of the border with no expansion?
I went out to West Texas last week, Midland to be exact. I can tell you for sure that I saw with my own eyes dozens of drilling rigs between Midland and Odessa stacked in a row. I asked around town what was happening in the oil field. They all say it is slowing down a bit. One driller told me it is just a bump in the road and he will be back on a rig in about two months. It is simply that drilling will not be profitable until oil is back in the $65 dollar range. But the amount of oil in the supply will fall quickly and the price of crude will be back in the high $60's by July. It takes time but for sure, crude is going up in the very near future. I would not dump my equity here. Besides CRZO is rumored to be in a drilling venture with COP and may be a takeover target.
Oil up today along with CRZO. Rumors run that CRZO is a buyout target. Farm-out here a few and it is expected that they will be in a farm-out with COP. I would not be surprised that COP is looking at this company to acquire for the acreage. I am long here and and know the value of CRZO and it is way above the current price. CRUDE is on its way up with the summer season.
Sentiment: Strong Buy
As predicted CRZO is down over 4% while the majority of oil companies are down maybe 2%. Don't dump your equity here. Hang on and see your investment grow by 20%. The Street has it at $65.00.
It never seems to amaze me that GS will cover a stock for a new target, attempt to drive it low and have its
top clients pick it up and make 20%. CRZO is down in earnings for the first quarter because crude and gas
dropped like a rock last year... Is it not a surprise that earnings for the first quarter would be below all of last year. It is still exploring for new properties and has billions of dollars in proven reserves yet to be tapped. I can not see less than a $60.00 target for this company by the summer.
I don't think anyone has even considered the potential interest in those assets of WLL, in the West Texas region by CVX. Concho has deep pockets and a huge interest there currently. Tim and the boys there in Midland are watching this thing closely. Exxon is not the only suitors along with COP looking at this deal..