SLIGHTLY BELOW $12 THIS MORNING.
IMPORTANT SUPPORT LEVEL.
WILL SEE IF IT HOLDS.
$8 WOULD BE STEAL FOR SURE.
MY 2 CENTS IS THAT IT WILL FIND SUPPORT AT $12.
I HUMBLY SUGGEST THEY HIRE A VP FOR HEDGING.
THEY DIDN'T HEDGE WHEN OIL PRICE WAS AT A RECORD HIGH.
GOT WHIPSAWED WHEN OIL DROPPED TO $40 AREA IN MARCH.
THEN THE BANKS MADE THEM PUT IN HEDGES LAST MONTH
IN THE $50s, NOW OIL HAS MOVED TO $60 AREA THEY CAN't
EVEN PROFIT FROM THAT RUN.
I think he was losing his 'feel' for the oil business.
had a large debt, and didn't hedge oil price when it peaked in
fall of 2014 and started down.
crushed qtr i earnings and outlook for more of same rest of year.
you have to be nimble in the e&p business in current environment.
I remember bidu well.
hope to do the same with yandex.
QTRLY DIVY INCREASED TO 83 CENTS.
STILL ON AN UPWARD PROJECTION.
LET THE GOOD TIMES ROLL.
JUST RECEIVED IT TUESDAY.
LOOKS GOOD, SALES AN EARNINGS UP.
THE INCREASE IN BOOK VALUE THE LAST 3 YEARS IS REMARKABLE.
THE STOCK IS UP $5 SINCE MONDAY.
ONWARD AN UPWARD.