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Olin Corp. Message Board

chiefrcm 21 posts  |  Last Activity: Jan 22, 2015 10:42 PM Member since: Sep 19, 1999
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  • chiefrcm chiefrcm Jan 22, 2015 10:42 PM Flag

    I saw it on E*Trade after hours.

  • Hi Everyone, (or am I the only one left here?) "What Kind of Fool am I", by Sammy Davis, Jr., is playing in my head as I write this! Yikes, I gotta be a fool to be still holding this stinker with oil prices down 50% and this stock down 36%! Projected low earnings don't bode well for MCF! I have some PBR stock too. Am thinking there's not much reason to stay put here, although CITI predicts oil to go back up to $80 later this year (when ?) after a drop to $50 earlier; says Saudi Arabia will cut production. Was thinking of dumping my MCF shares, take my lumps and pick up a few hundred more PBR with some of the proceeds. I know PBR is risky as I have traded in and out of it for a nice profit earlier last year. Bought more as it tanked and now am under water again. Am thinking, again I know it's risky with all that is happening in Brazil, it's more likely that PBR could rocket upward than MCF. I'm not even sure what MCF is worth in a buyout especially in light of current conditions in the oil patch. Even if oil goes back to $80, I doubt that MCF will ever recover my 36% loss and I've been holding shares, starting with CXPO, for 2 1/2 years. Am thinking PBR could rocket upwards and recover my losses in MCF! Although, as I think about the risks there, it's certainly seems as treacherous as an episode of Ice Road Truckers! Enough of my babble, anyone care to give their opinion of MCF or PBR or me, or am I the only one left here?

  • chiefrcm by chiefrcm Dec 19, 2014 9:27 PM Flag

    Twice the normal volume today. Somebody wanted in! What's up with that?

  • Hey all you MCF holders! Is there anybody out there or am I the only dummy left? Does anybody think oil prices will rise anytime soon? I think it's inevitable that they will return to their old highs but does anyone have an idea as to when that might occur. Boone Pickens says 12 to 18 months it will be back to $100. How credible is he? I guess if anyone knows, it would be him. This thing is kicking my butt as I'm down 31% and have hung on since the CXPO merger. Maybe I should sell my shares and get into another stock that has serious upside potential. Any ideas? Good luck and Happy Holidays to all of you long-suffering longs out there.

  • chiefrcm by chiefrcm Nov 19, 2014 7:59 PM Flag

    Just stumbled upon this stock! I had seen their advertisements on Bob Vandergriff's NHRA top fuel dragster but did not know they were a publicly traded company. After reviewing the key stats, I think this is a good buy especially in light of the insider buys recently. Also, saw an article saying CJES could be a takeover target. I will take a closer look and may pick up a couple hundred shares soon.

  • to about $8 and I will jump in with both feet!

  • chiefrcm by chiefrcm Nov 13, 2014 7:33 PM Flag

    Word has it that PBR will not release results until Dec 12th. I think we will see $8 soon!


  • Reply to

    MCF should be put up for sale .

    by catch007afire Oct 31, 2014 7:06 AM
    chiefrcm chiefrcm Oct 31, 2014 1:40 PM Flag

    I agree 100%. That's the only way we're ever going to get our money back (those of us that have been patiently waiting and are under water). Perhaps we can break even if Contango is bought out.

  • Reply to

    Where is everyone?

    by chiefrcm Oct 1, 2014 5:56 PM
    chiefrcm chiefrcm Oct 24, 2014 9:42 AM Flag

    Thanks for the encouraging information. The stock has certainly had some wild swings lately and was rated Outperform at RBC. The price of oil though seems to be a negative factor. I am still holding, trying to be patient, when in fact I'm not. If we can get back to $50, I may be compelled to move on but will make that decision, when and if we get there. Thanks

  • I guess I'm the only investor left standing or should I say crying here! Is there any bottom in this thing? That must have been some impressive presentation today! The bottom is falling out and nobody has anything to say! Yes, I am the only fool left!

  • chiefrcm by chiefrcm Sep 30, 2014 12:29 PM Flag

    Here we go again! Down nearly 4% with a spike in selling volume. Energy conference dog and pony show scheduled for tomorrow in New Orleans. I'm guessing MCFs presentation doesn't look too good and was leaked! What happened to the $55 pps projections? I'm now down 30% so go ahead and attack me for being an idiot! If you are holding this stock, bend over and try to keep smiling!

  • chiefrcm by chiefrcm Sep 15, 2014 8:28 PM Flag

    Another coupla days like today and we'll hit our 52 week low. Any thoughts on the future of this and other oil & gas stocks?

  • Reply to

    Compelling, but!

    by chiefrcm Aug 30, 2014 9:41 PM
    chiefrcm chiefrcm Sep 2, 2014 9:03 AM Flag

    Thanks, I'll look a little closer!

  • chiefrcm by chiefrcm Aug 30, 2014 9:41 PM Flag

    TKMR is a compelling opportunity, but where are the insider buys? It has traded below $10 and over $30 but I don not see any insider purchases in the last twelve months. If it was so good, where are the insiders? Perhaps they bought all they could in the past and have no funds available!

  • Reply to

    Another Miss!

    by chiefrcm Aug 11, 2014 9:08 PM
    chiefrcm chiefrcm Aug 12, 2014 8:59 PM Flag

    Thanks again for your thoughtful feedback. You make excellent sense!

  • chiefrcm by chiefrcm Aug 11, 2014 9:08 PM Flag

    Stock had a strong run into earnings with strong volume. Then Contango misses again, by ($0.37)! What are these investors seeing? Is there light at the end of this tunnel? Perhaps they're looking down the road and seeing further growth and profitability. As for me, I'm still under water and not too happy.


  • "The company continues to target total production in 2018 of 3.9 million barrels of oil equivalent a day, rising to 5.2 million barrels a day by 2020. That’s an increase of 1.3 million barrels a day by 2018 from second-quarter levels, and a doubling of production by 2020. To call that optimistic is putting it mildly."

    If PBR can increase to 5.2 million barrels per day, it would catch up to XOM, which had 5.3 mm boepd in 2012, making it the 4th or 5th largest oil producer in the world, whereas it currently holds the 14th position. That would be astounding and even more so if the Brazilian government would step aside and let them make a profit!

  • Reply to


    by chiefrcm Aug 10, 2014 2:15 PM
    chiefrcm chiefrcm Aug 10, 2014 9:43 PM Flag

    Thanks for your reply Richard. I'm hoping you are right and soon we will see!


  • chiefrcm by chiefrcm Aug 10, 2014 2:15 PM Flag

    Anyone have ideas on earnings? Contango missed the last two quarters by quite a bit. Furthermore, E*Trade shows projected earnings estimates for 2015 at $2.21, considerably below 2014's estimate of $3.03. Tomorrow's earnings are estimated at $0.69 / 0.613 / 0.47. Any thoughts on what to expect?

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