oil can hit 200 a barrel and these drillers will sit or drop. geez, oil is 51 up from 43 and rig can't keep going towards 16. this market is screwed. okay, shut or BK the drillers. In 5 years no more drugs, no more cars, no more banks, we all shut down. go ahead and short the drillers. your money will be worthless and you won't get well if you get sick. dumb sheets.
pros aren't selling on the news. it's small retail like you and me. I sold BBRY at a loss today to buy this again. My bad. Need 10.80's.
cramer said all this bs with no more storage tanks etc... then why is the USA importing 7MM barrels a day??? he said oil is selling like nuts. it's just WS holding the price down with hedge funds. Once this turns, we'll fly higher. I see DO getting taken out about 45 sometime.
how can this company be worth 3.4B with only 200K in revenue for this year and 54MM next year???? I remember this falling to 2 bucks or so a few years ago. Who the *&^% in their right mind has pushed this to 45 a share???
got mine yesterday after hours. Wanted to buy rig in PM yesterday at 14.02 or so and didn't have the divy. so I bought in AH's at 15.27 and now it's at 14 again. some companies even give it early. this POS is late.
what worries me is how bad will it be?? how low will oil go? how long will the countries take this hit? then in 2016, estimates are almost in the negative now. So they say 2017 is the year to get back but that's two years from now. I'm dead in the water with RIG in the 40/50's, DO in the 50's, NE and SDRL in the 30's,..... I'm stuck like a cork in the middle of the ocean waiting for land to appear.
hope you are right. this will take time. 2016 is supposed to be weak. I hope Loews doesn't say "we've got 55%, let's get the other 45% at say 40 bucks a share since it's 28 now". Hope it's over 50.
shut trading down for 6-12 months. then open them up after oil has rebounded by then. The market is hellll bent on reducing these companies to BK status. Heck, go on step further and shut oil production down forever. That means drugs go bust, chemicals go bust, banks go bust, car production goes but. The world goes back to the stone ages. that will teach hedge funds and the market/world a lesson. this is reposted as yahoo is stopping my orig post.
actually, it's a NYSE stock so it can change the price of the stock even a few minutes after closing. I was in MRK and the NYSE close was sometimes a little lower than what we saw at 4pm close. But 60 cents on 16.60 close is a lot.
Wish I knew. NE had the same large volume at closing and dropped a few cents. SDRL rose and DO rose. Someone wanted the hell out of RIG and NE but did they know any news or just hit 2.5MM at market?
not sure. I am in them (IRA) but that's pretax and not much help to you. DO is a USA company. should be reported on your taxes as qual dividends.
RIG had a 2.5MM trade at close and went from 16.60 to 16.00 on that one trade. We are all up in arms on that board. I have so much SDRL, DO, NE, RIG etc I'm down 75% on my money. ahhhhhhhhh
now Otsuka has a deal with inclusig. if they come in for DD on it, they can ask to see any compound ariad has but ariad has to agree to show the package and Otsuka has to sign a confidentiality agreement with ariad before seeing anything else.