you must be the guy who called me on the phone and said you were the IRS and I need to send you $10,000 or you'll throw me in jail ....... lol ...... "warren buffet" , ha , that's a good one .....
surprisingly , NG is still above 2 even with high storage numbers , showing some strength ..... WTI trying to take a pullback to 42 probably , maybe 41 if GS "pours it on" .... couple of days , it bounces back of course ...... today is "China bad" day ..... last week it was "China good" and the week before that it was "China bad" ..... Remember the "Greece Debt" fiasco a few years ago ??? same thing going on again with China "news" , just using it to manipulate the markets up and down ........ I'm pretty sure WTI gets back to 45 pretty quickly ..... but obviously we've seen some pretty strange things with oil , so who knows ...... If NG holds above 2 with a high storage report in summer , that bodes well for winter and exporting to Europe ...... Might crank up to 2.90 or more !!!!! but winter is a long way off , and the "here and now" ain't lookin so hot ..... I think big boys will be loadin up around here for a day or two and get ready for the oil rally "news" ....... you know the drill
you will see 80 again very soon after elections are over ..... March 2017 , easy
because John Kerry visited Saudi Arabia two weeks before this "glut" started , and Obama sent him with a message - "keep up production , tank oil prices to give us cheap gasoline for elections , and we will make you some killer weapons deals" ...... watch the "glut" evaporate near or after elections , and "why no major government NG initiative like they have done solar and wind" ??? because the oil and gas industry , like coal , is a Republican donor industry ...... it's all about politics and money , and Obama would destroy America just to keep dems in money and power ...... and about three months ago I read an article about Saudis buying a lot of US weapons , so i KNOW that was the "deal" ...... just put two and two together and ask yourself "WHAT would John Kerry and the Saudis talk about in a special meeting ???" answer is OIL and WEAPONS ...... That is the only thing that matters to either party ..... and that "we'll make America energy independent" is a load of krap , not gonna happen because they're all globalists and would never put America first ..... export to the highest bidder will always win over energy independence , plus if we "leave" the middle east to Russia and China , they will control the world's major oil supplies ...... The middle east has been about Oil for 120 years and all that "democracy" krap is krap ..... it's all about oil and always has been , and how many times have you seen "cheap gasoline" for elections ???? I've seen it several times ....... just the ole "chicken in every pot" scam
can you imagine all the tourist dollars those Nations could make if they could get things calmed down ..... The Middle East is full of ancient sites to see ....... and no I've never been there , wouldn't go if you paid me to , but if those idiots could think for just a minute , they could all prosper very well on tourism ...... "boatrides down the Nile or Euphrates" !!!!! are you kidding me , who wouldn't want to do that , not to mention the sites of the Exodus are between Egypt and the actual mountain where God gave Moses the Ten Commandments is in Saudi Arabia !!!!!! All fenced off and highly restricted area ..... weird huh .... NO ONE is allowed to go there ..... Ross Patterson has a video on that , very interesting stuff ...... "Mt Sinai" is really in Saudi Arabia , the "Land of Midian" ...... Ross patterson , good video
for a guy who acts like everything he does is good (Obama) , we sure are getting a lot of bad results from it !!!!! We are also now asking the Russians to "calm things down in Syria" as apparently there is more trouble breaking out again ...... "Russia must go !!!!" ..... a week later ..... "Russia , Help !!!!!" ..... what an asinine administration
are you gonna keep blabbing this "I am God" nonsense when you are a nutcase in a wheelchair in a Nursing home ???? 'Cause those nurses are gonna beat your #$%$ !!!!!! lol
Maybe I didn't make myself clear either , when I say "they need more cash" I don't mean the cash has to sit there in the bank and look pretty , I mean more cash , more money , and if it is used to pay down ANYTHING including a revolver , fine ..... My statement was simply this , "they need more cash" ...... What they do with it is not the point , and I was wondering if the LNG deal might include some cash up front ...... for me I'm thinking every little bit helps ..... Maybe I should have said "revenue" instead of "cash" ..... but my focus was the LNG deal and thinking "cash" up front ..... So I said "cash"
"They don't need any extra cash" ..... it should be obvious they do or they wouldn't be struggling to hold a dollar right now
YRCW is a highly volatile low float stock .... you can make money here , but don't get greedy because it pops or drops equally fast and hard ...... but it's not a bad trade if ya get it near the lows ...... under 10 for sure
it never is all the economic environment's fault ..... it is very much the fault of lavishing money on yourselves and paying huge amounts of money to the BOD and Bankster Crooks who slowly bleed equity away from commons over time ....... SD's Tom Ward and Morgan Stanley perfected that scam to a T ...... He would conduct lots of deals and transactions always milking out 50 million bucks for him and his buddies on each one ...... Underwriting fees are insane and a total rip off ........ They make a lot of money on those deals ...... skimming skimming skimming a few million at a time ..... and THAT is why we see so many CH 11's and RS's
yes i know ..... "enterprise value" in the toilet , basically "par" at a buck a share , and yes a lousy ER is expected by all .... not going to be a surprise to anyone ...
okay so they have 40 mil left on a revolver ???? That's better for sure , but wall street is tanking her , and I don't like what I see , but going to hold , even though I think the ER will suk bad and 80 cents is on the horizon ...... just going to hold it because of oil and gas prices rising and the LNG deal are positives , and REXX has always been a good stock to buy cheap ..... just went "very cheap" this time ..... I'm in around 1.12 ......... 50 cents was the bottom , pretty lousy and now it looks possible again really ........ so apparently the credit line ain't helping much , I again reiterate , we need an infusion of cash and I hope there is some upfront money on the LNG deal , if not , REXX missed an opportunity to secure a little more money in the cash on hand