Did you wager that it would go to 18, with a few hundred $20 puts, or the selling of 22.5 calls? If you just guessed that it would drop, and didn't back your mouth with your money, your opinion is worthless to you, and us. I think UPL will be back in the 20's by year end and have bought down here at 18.90
it doesn't take much volume to drive rhis stock one way or another. For a moment there, I thought NS was going to buy out NSH to avoid having to pay out dividends to its GP. I would take 28 and call it a fun day.
12 bucks would be a miracle. 10 would be about fair. 9 will be the bid. I'll take it and run.
T will buy back shares, raise the divy, announce the cure for cancer and diabetes, and still go down a quarter tomorrow. Like Henry Hill said in Goodfellas, "It just doesn't matter", when they want you gone.
I hope we have hedged out Oil to the maximum. My buddy just flow tested a well near Midland at 2100 BOPD on a 16/64" choke. No pressure decline in 72 hours. If that is the way it is out there in the Permian, forget the Bakken this Winter and Eagleford next summer.. All the rigs will be there, and quickly.
Yep facqcee, I bought 11 days before that at 26.94 and have spent 5+ years is purgatory, reinvesting dividends, and averaging down slightly. I am tempted to bail the entire thing, but the recent news is good for a 30-33 dollar px into Christmas. especially if Immelt announces some increased dollar sharing plan directly with us longterm shareholders. Like a buck divy.
NG looks like a $5+, and domestic crude looks like 90-95. That ought to be good for everybody, including my orphan coal stock. I'd like to see VLO to 50-55 in '14, even though I have none in storage.
Been holding since 27 in 9/2008, and reinvesting divys. I held down to 6, added at 12 on the way back up, and am finally above water on a 5 year ride. Not sellin now. Anybody who had GE above 30, pre2008, needs to hold their stock. I see a special divy, or at least an 8 cent rise for Dec to 0.84/year, and $30 in 2014.
I think we will push toward +-5 bucks also this Winter. However, more dry NG is flared in Texas than would be required to fuel the entire fleet of 18 wheelers in the US on a day to day basis. Pipeline availabilty and State Allowables play the major factor in gas throughput, or sales. I just "blind flange" capped a major wet Ng well near Laredo, which has neither a pipeline or a flare permit to at least haul off some oil. SITP of 9200 psi. And no pipeline. Scary.
Really doesn't help the dry NG market as much as it hurts the diesel refiners. Right about now most of the NG wells in non-depletion drive reservoirs are alllowed to produce only about a quarter of their true "reservoir safe" potential, and all it would take is a 1/64" choke change to up production. A small drop in the very large bucket is the incremental increase in NG usage to convert trucks to NG, in my opinion. Massive NG exports, at higher prices, or Arctic freezing in Miami will be our salvation.