NG up today about 5%+. Coldest Arctic blast so far this year forthcoming for the Eastern half for an extended period. Yet NG plays getting slaughtered due to oil prices dropping. Baby with the bathwater mentality here.
And where are these fools today? Facts speak for themselves just as we (investors) have been anticipating for weeks now.....the real source of the beat was fuel costs which fell 14.1% year over year, inclusive of hedges. For the coming quarter Southwest said it expects to save about half a billion just on fuel savings.
Good post ricky... This is totally overdone on the oil stuff. The so called over ridge is only 1.5%. Yet oil has dropped what 55%? This is what happens when a sector such as oil has trillion of derivative dollars within. Which nothing has been done about.
Yea Mr Arts we're screwed. As said many a time here nothing is in our favor now. Will XCO salvage some kind of a merger? Does Ross and Company want that to happen? I'm not in their board rooms so I don't know.
There will be, but what they are gaining now with their new hedging (which bodes very well for further earnings) will overcome all bad news.
Could not be in a worst stock sector than the one PSX is in. DOWN 25% already this year. I hate to say it but this is to last for a long time obviously. Glad I only own $3K worth.
Exactly ca.andse. There will be losses on these hedges that UAL will have to account for. But after that it's clear sailing airline-wise.
I for one (and I'm sure there are many more here) who much appreciated your insight/posts. I too am thinking about bailing. I do not like what I'm seeing with the selling. Yes, it's industry-wide but XCO is and has been the whipping boy by the shorts in the NG sector and it continues unabated. Can they all be wrong? Hardly. After all, our losses have been their gains. Just the opposite of how it was suppose to work.