He has already lost his mind thinking this stock belongs down here. The idiot don't want to face facts this is cash flow positive and hedges for the next couple years guaranties success. His little short buddies will be history soon.
WRONG , stardimwhit. SN was in 16 hedge funds’ and that's just the start of their buying. These are looking very good to risk assessments. Sooner or later these will bottom and you wont know what falling start hit you.
then one day the middle east blows up with PUTIN retaliating over turkey in Syria. The stock triples as middle east become a war zone. WHO KNOW what can happen with a powder keg.
Getting 80 and 90 dollars a barrel for the next year is not a casino , its a fact. just like smart people are covering while the hedge funds are buyiong (fact)
What's this about hedges expiring? What cstupid person don't read that they are good through next year and more can be added with shorting oil, options ,straddles and puts. They can bet against oil return and come find neutrality. Yes it takes money to hedge and options. It's more costly not to have them if oil stays down. I am also betting oil will be going up within the net year and going up 10 bucks a barrel the next year. at's 55$ to 60 dollars a barrel.
The OPEC nations are borrowing to keep the price down. They are done, period. It takes more to ship it then new technologies can lift it here. The only difference is the debt cost and hedges.
The whole industry paid to much to buy land and produce. Now the price is to cheap for fields. The big money will see before long. Just like Japan buying the west coast. I think China may be next in line for oil investment s.
Put things in perspective..... How many poor and homeless die in the bigger cities every day. How many get knived and shot every day 80? Or more. Terrorism in gangs is 100 times greater..... It's a GOP tool for panic.....if these religious wing nuts cared they would have supply side with compassion and not a cliff
There is a better chance of TV evangelism TV host going to jail.
I would take them over hateful GOP religious extremism tea party pukes. You can't believe a word trump or Ryan say. They are still looking for birth certificate and inflation
This is not the endless short...... The debt is a long way out ... Cash flow and a very over sold position. You won't know what hit you when real cold weather hits
That is BS. You know it . they have alwaysed hedged hood......... Dependable old sites and great hedging..... It's like clock work. Cover fool your time here is about up.