Not sure what it was but with 4.1 million share volume and we were only off 2.9% it could of been a lot worse if someone was not there to buy the shares. I saw the trade hit and NM hit $4.00 and bounced right back. Hoping it is a big fish buying, Maybe Warren B.
emanuilshvarts: you need to do your homework. you obviously do NOT know what you own. You need to start reading the annual reports of your companies. NM is mostly dry bulk, incase you do not know what that is. it is the shipment of materials like corn, iron ore, wheat......etc. Dry bulk has a "Baltic Dry Index" that is used as a daily rate. Look it up NNA is in Tanker transport Oil, LNG....etc. there is a separate index called the "Baltic Tanker Index". The price of OIL affects the VLCC rate. Incase you were curious NMM is in the container shipping business. and NAP is a few long term contracted VLCC (Very Large Crude Carrier) taken from NNA to start a new MLP. NAP was formed to generate MONEY for NNA and NM. NM is the dog and NNA, NMM, and NAP are all tails. NM also has some internal companies that could also be spun out as their own separate companies. But I will let you read up on that yourself.
Sorry for sounding like a newbie. This is from Haliburton's Q4 earnings webcast Q&A:
Q: Waqar Syed (Analyst - Goldman Sachs):
And so, previously you were seeing about 15% per quarter kind of change in sand volumes used per well, if I may say. How do see that trending going forward?
A: Jeff Miller (President):
Well, we actually saw in Q4 a year-on-year increase of about 46% sand on a per well basis, so that was up sequentially another 5% or 6% again on a per well basis. So I expect that at some point better design, better frac design will moderate the volume of sand, it is not infinite. But nevertheless would expect the demand -- not the demand but on a per stage basis volumes to remain high.
True for NEW wells. However listen to HAL's conference call (around 50min in) CEO states existing wells will still use same amounts of fracking material including SAND. 9Not exact words but close.
I added today i my ROTH at $32.43