Remember, we're only a few scuds away from Saudi Arabia oil facilities being damaged by ISIS.. Don't forget Israel. Why bother with nuclear hardened targets? Take out the oil production, pipelines and refineries. You get much better bang for the buck. The only thing moving in Iran would be camels and donkeys. Peace in the middle east is an oxymoron.
The US should provide to Saudi Arabia a few 6-graders to understand the math: Produce 7 million barrels a day at $100.00/barrel = 700 million/day. Increase production to 10 million barrels/ day [to gain 2% market share?]. and price drops to $50.00/barrel = 500 million/day. Lose 200 million /day or 73,000 million per year or [7.3 billion dollars]. Like I said, send over three six-graders just to be safe. Ed
Food riots in Venezuela. Feeling the pressure of low oil prices? I wonder how things are in Russia? Ed
I bought more today after earnings. Roberts has turned around this company and brought it back from the brink. Had to finally average down. Today is the low. We go up from here. It might take awhile but PWE is on it's way. Ed
I also think today is a freak out Line/LNCO day. Buying back debt at a discount, suspending the divy is good business. BBEP bolstered their balance sheet with the EIG billion dollar infusion and they cut their divy, too. Just another way to go ...Added 10% to my position today. Sorry, Karen. You're just a thumbs down type of gal. Ed
On the contrary, I think Putin would respect Trump and visa versa. Putin has made mincemeat of our learn-on-the-job feckless Jr. Senator from Chicago. Ed
I learned that when I'm ready to puke at my losses, it's about time to buy. The only problem I've felt that way for many weeks now and out of ammo unless I sell the few non-oil stocks I have... Ed
Yeah, until the election.... We are going to undo everything this jerk has done................... I wish he was not black. He's still a jerk. ed
f you want to keep your ballistic missiles you can
If you want to keep your enriched uranium you can
If you want to keep your nuclear research you can
If you want to keep your military bases secret you can
If you want to lift the arms embargo lifted - that's great!
If you want death to America why of course
If you want to wipe Israel off the map of course you can
We'll do our best to help you.
And If you want your sanctions lifted that's fine
If you want hundreds of billions we've got you covered
Death to America! Where do we sign!
Sounds familiar! We'll even set up a website for you!
If PWE can spend 600 million on capex this year, I don't think they will go out of business any time soon. I have faith in Roberts and my "buy" order is in. Ed
Pretty neat bond swap by Wright with Apollo to reduce debt, interest expense and infuse cash to LTS. Evidently, Apollo bought alot of Lightstream's debt [at a discount] and then made a deal at less than face value to exchange that debt for a lessor amount, but more interest and for an earlier maturity. The other debt holders were pushed down the ladder as the new debt is secured by LTS assets. And hopefully LTS survives................... Ed
Who would want to own a drilling company now? I bit the bullet at $1.00. I hoped business would improve with Mexico on the gulf and cost advantages for the "older" rigs but it just does not appear to be panning out. Of course, my "re-invested" proceeds have not worked out that well either but at least they are not BK. Ed
Good hedging through 2017. Cash infusion from EIG. 2.2 times dist. coverage @ $60.00 WTI. What's not to like? I added again today at the close. Ed
Forget about the warrants. Shareholders are 97% wiped out. The bondholders now own 97% of the equity. Instead of owning an apple pie, shareholders now own the smallest sliver of a slice. I took my lumps at a dollar. Disaster stock choice ED