I fearlessly added today on the premise all those who wanted to sell have done so already as LRE hits new highs. I got out of QRE when management "took" like a hundred million out of the till. Ed
E & P, oil & Gas; it's the sector to be in. And the Permian and Eagleford are the places to be . Note recent run up of SXE and QRE. ed
They put out the same BS about PWE just about every week. PWE has some dynamic leadership now. I bought more yesterday. Ed
Well it seems to be working now. Sometimes I can post once then it stops and does nothing but scroll to the top of the message board. Harry, lose the margin. It smacks of greed which must be conquerred not encouraged. Ed
They pay at BSX for their CEO I believe is twice PWE. I added more PWE again yesterday. The interest in TLM I'm playing with PWE and LSTMF which I also added. Left Hercules with lumps. Nothing their for shareholders. Yahoo is working this morning. Usually I can't post or rate during the day. Maybe they should buy more servers.......Ed
We all live in a Huntsman submarine...Huntsman submarine...Huntsman submarine...We all live in a Huntsman submarine...And our friends all are on board. Everyone of them and that's for sure... and the band begins to play da-da-dent-da-dent-da-dent. Ed
Did some comparative insider trades for the past 3 months:
Ford: no buys; 760,108 sold for $12,226,576
Dow: no buys; 282,367 sold for $14,025,312
GE no buys; no sales
CAT: no buys; 83,177 sold for $8,716,976
HERO: 281,000 BOUGHT for $1,137,102; no sales
Shall we compare market caps of the aforementioned companies for further enlightenment?
I'll take those HERO buys as significant. BTW Yahoo let me post this morninig. I guess Yahoo works better when fewer people want to use it. Ed
I doubt HERO will go over 4.11 today. The shorts are still in control. BUT if Rynd pulls a rabbit out of his hat tomorrow it will be ugly for the shorts. Even bad news won't make any difference for most longs. This sector is coming back especially in the GOM. It's just a matter of time. My only cost of carrying my position is lost opportunity and 5K or so in dividends I gave up for the chance at capital gains which could be substantial. As stated before Rynd bought 10K shares above 25 dollars a share a few years ago. That's not a bad target! I'm glad ex_gs_ guy got religion. Unlike.....Ed
On 7-31-2008, HERO CEO John T. Rynd bought 10,000 shares @ 25.58 for $255,800.00.
DO YOU THINK HE WANTS SOME PAY BACK? GET SOME! Ed
With HERO institutional holdings at 82%
Insider holdings at 5%
Retail investors holding 20%
And shorts shorting 20%
The numbers don't add up properly
How do you say MANIPULATION and illegal NAKED SORTING!
I just wonder what CEO Rynd is going to do? [besides purchasing shares]
A succession of one cent dividends would certainly be useful. Ed
As I mentioned [with the "dots"] there is an increasing pool of areas and situations where good news can come from leading directly to new contract signings. The old rigs work just fine in a lot of shallow regions so I don't buy the "rusty" rig BS. The shorts have used a lot of ammo the past month with hardly any downward movement in the stock price. There were buyers on the other side of the trades, too so the stakes have been raised. We will see what happens the next few days...........BTW Yahoo does not function most of the time so my posting is spotty at best.. Ed
Ya gotta connect the dots:
Atlantic coast appears to be opened for surveys for possible drilling
Mexico has finally passed a bill allowing for foreign investment [oil service, etc.] to help Pemex
Hundreds of trucks delivering pipe to Port Fourchon
GOM lease sales up from last year and more on the way
And who has the rigs? And where are they?
Shorts deserve to be crushed if not this week then soon. Ed