oil up. geez, they are going to kill the drillers and no more oil from the ocean. then gas will be 100/gallon and drugs will cost 1000X due to less chemicals. Hope the brokers don't get drugs from oil stocks and suffer greatly.
a few smart butts with debt as an answer why we were down. why the buying in RIG, NE, SDRL??? DO is still red. cause it's oversold???? Wish they'd start buying them companies out and start a frenzie.
So it's up because there is more buying than selling now??? is that how it works??? Things were oversold but the buying has continued. There are other bargains out there today too. Just hope it keeps up and gasman gets sheet in his pants.
Looks like iran will stop making nukes for sanctions to be lifted. Said they can pump 10MM barrels a day and flood the market with oil. Also said they're going to be best buds with Israel soon.
geez, pretty soon RIG will be $2, SDRL $0.5, DO $3 and NE $1.5. I'm done. broke and these drillers will never ever come back. Oil can dry up on land and these drillers would go down the day that was announced. The brokers and shorts are in control and they will destroy these companies. I say take them off the market for 1 year and then reopen them.
yeah, everyone was talking about it so I thought Tuesday was the day. Then I looked it up and saw the 15th. my bad. could have started the wife's bush cutting sooner. Glad I got done before dark.
just week or so ago, brazil said they won't pump 4.2MM barrels and will do like 2.8MM barrels. Someone else said they'd miss by about 1MM barrels and the market didn't flinch and even went down. I think someone else said our problem is that the market is writing so many negative articles and are shorting so much that the drillers can't catch a break. If someone bought RIG at 100 in a buyout, the price won't click past 15 cause the market will ignore it and even short more with the news. It's like having a patient on the operating table for heart surgery and someone is cutting the legs off with a chain saw. No matter what the heart surgeon does, the patient is doomed. Our drillers (and I'm so heavily invested in DO, RIG, SDRL, NE) that they are doomed. The market might make some of them like they did to LEH in 2009 (and WAMU). I hope not but we'll have to wait 2-3 years for drillers to even come close to prices last july.
I know when DO dropped from the 40's, LOEWs bought a boatload at the 34 area. then it fell in the 20s. at this point, we might continue to single digits. They need to buy this out at 40-45 and get it off the market. In 3-4 years, it will be worth 75 to 100 a share. pure manipulation.
I own rig in the 40's and 50's after ichan bought. I have DO in the 50's, NE in the 30's and SDRL in the upper 30's. I am toast. don't feel so bad.
suffering isn't the word. I have NE in the 30's, SDRL in the 30's, DO in the 50's and RIG in the 50's. I need oil to hit 200 a barrel to even just get even. I am so far down it isn't funny
well NEM is the least red today. with today's bs and gold going down, maybe they both see the positives in doing so and beating WS at it's game. I hope it happens Monday. then NUGT will fly too.
didn't the last time they talked it was more like 27-28??? I know abx is a lot lower and so is NEM so 24 from 18 is a 33% premium but NEM was just 23 or so two weeks ago. And where would ABX get their money from to do so?? I see private equity buying this out or BHP or similar.
how can abx buy nem when abx is worth less than nem???? they need help from someone with deep pockets
go to the sperm bank. they give you 40 bucks a pop. I go just about every day. get to watch free tv and get 40 bucks for food to eat. not a bad deal.
would send RIG down a buck tomorrow. shorts in control. just like in 2009 when banks were killed. BAC was 2.53 low, MS at 9-10, JPM at 19, GS at 75 or so. Now look at them today. One day, RIG will be 50, SDRL 40, DO 60, NE 40 etc... but it won't be till 5 years from now. got to hold a long time. I don't think oil is finite. The oil in the ground in Saudi Arabia is reproducing and is replenishing itself. Doubt their wells go dry for 1000 years. Us longs have to wait for the drillers to rebound.
I've been in this junk for a long time (have it in the 50's) and they usually wait till late in AH's and maybe once they did it after AH's if I recall correctly. The last time or maybe the time before, they were out about 5pm but usually these prickkks wait and wait and wait. I've sat at the computer at times when it was at or above my buy prices waiting and waiting for the news to sell the pop and they did it then next am (like 2am our time) or at 8pm our time.
and do what? buy more shares? buy them out? I hope not, I'm in over 40's and 50's on this thing. nobody will offer more than 30 for RIG. I'm toast if they do.