I am pretty sure oil will climb back up or maybe just hope it does, I'm heaviest weighted in oil and second highest position is cash
They claimed they did this to raise money for additional rigs. Are they going to go out and buy new rigs or will they find an existing company to buyout that has rigs and contracts already established?
I like your enthusiasm about this company and see the value here. But the only way anyone is going to buy Disney at $60 is after a 2 for 1 split when it hits $120. You should have picked a different stock as an example lol.
I was thinking the stock wouldn't have dropped but maybe a few % points as opposed to 11% now
I bought as a spec stock @.006 , saw some insider buying by now 2 of the insiders. Between both insiders since late April 20,000,000 shares were purchased. It would be nice to see more insider buying. This is what I am seeing for insiders ownership. I have a tiny position in my portfolio due to it being VERY speculative.
Igor Dmitrowsky N/A 797,662,766 13.33% 2013-01-02
Barry Clare VP Finance 114,849,998 1.92% 2012-12-20
Mr. Vick Luis Bolanos Director 72,000,000 1.2% 2009-12-31
Russell Thal N/A 26,850,000 0.45% 2012-12-20
Walter Kaplinsky N/A 15,500,000 0.26% 2012-06-11
Andris Rukmanis N/A 6,468,750 0.11% 2012-08-20
bought some shares today on the dip not only to get the dividend but to hold long. fleet status looks good and with recent contract on Olympia , this looks poised for consistent positive results.
With no news I tend to use moving average as good place to buy , also the insider buying is spaced out to give it a nice pop. If the trend continues its perfect to trade and accumulate
What I find with Cramer is right about a lot of things, but he is dead wrong when it comes to oil and anything impacted by oil prices. When oil was low, don't get in it , we cant find a bottom, after oil went up 10% he said man Richard Kinder called it, then it goes up another 10% and says don't get in it , you missed it, and its gone up what another 7-8 %.
ok Elon is a nut job , this guys goal is to travel to mars and be buried there. Now maybe if you said Dr. Frost who heads up OPKO health , that would make more sense.
With recent news from EU , you could start to see a few institutions start some small positions for a long term speculative play.
I see a lot of people bash the CEO of the company here, I don't really know the history of the stock, but I see he buys shares its looks like twice a year, probably an automatic buy. Now that this is priced in , what he should do is get some of the board members to also buy shares. This would show there are more people within the company that have a positive outlook going forward besides just the CEO. The market is a funny place, positive sentiment can go a long way which generally starts from within a company.
Hopefully he didn't tell you things that were not already public knowledge, that would be insider trading
I bought this one recently feeling the same thing it is one of the safer stocks, talk about bad first impression this stock is giving me.