I'm feeling the same shock.
A month ago I would have predicted a possible bottom in the 22-24 range
Now we are here and would not be surprised to eventually see this hit 18-19 on bad news.
I keep adding though.
If they cut it once nobody will ever trust this outfit again.
And cut me once can lead to cut me twice, and that alone will send shares down.
When you allow anyone and everything to enter this country under the guise of GLOBALISM you are leaving an open door to everything from terrorists to ebola to illegals as well as fish and bugs that destroy our environment.
Close the doors!
It's not about the need for oil. It's about the balance sheet of these oil companies.
Ever hear of the boom and bust cycle in the oil industry.
Happened before and will happen again.
stock once was 4.0 and later dropped like this.
So mgmt did a rs and later a share offering.
Years and years went by with mgmt never creating value and diluting with all their option related shares.
After thirty years of sitting on a few shares, they went bk.
What broker will let someone sell shares that they do not have in their account??
How is that done?
I'm saying several big players are obviously cutting back, and there may be some that have even closed their positions.
It should be obvious to any astute observer.
It's ok to be a dreamer though!
Though he may not be buying the stock because of that breakdown, he wouldn’t short it, either. “I don’t quite think it’s a short because I think Exxon is headed higher in the long-term with the overall crude oil long-term bullish picture,” Rotman said.
And gas here Southwest of Chicago is still running 3.50 a gallon.
Propane still costs 20$ to fill a 20lb bottle.
Anyone know what heating oil is running? Still high, I suppose.
And you ain't buying SDRL now???
Yep! I see no reason to chase this thing any further.
The big money certainly does not seem to be doing it and with any more disappointments this could end up at a buck a share. So why risk more money. If they are ultimately successful the rebound would be more than adequate to compensate us just for hanging on to what we already own.
Just as long as your average is below 10.
I wonder if Tor was sending a cryptic message to shareholders about the div. by leaving for GLNG.
My psychic vision is for second qtr. 2015 for any reduction.
SDRL is not the enemy of Russia.
You might want to post this on the CAT board as CAT is US and the top dog on sanctions against Russia.
CAT has manufacturing plants and office in Russia.
I don't see much of a sell off in CAT.
Did you ask him whether they intend to continue paying for a not needed building they secured and a rather large sales staff that will have nothing to sell for another year.
Or will they continue to waste investor dollars rather than admit that they jumped the gun with their overzealous outlook??
That's what I tell myself about the latest news.
The question I have to answer for myself, is whether to wait for the third and final pitch, or call it a game now, get out, and take my loss. Tough decision to make for small investors like myself.
Right now I'm leaning on getting out. If the FDA had only raised one issue, I could have accepted this as an acceptable mgmt. oversight, but three and a long time delay which will be devastating if not acceptable to FDA, along with the very probable dilution even if accepted is just to much risk from this point on.
You really have to wonder if mgmt. doesn't want these things to occur this way so they can take our shares on the cheap before an eventual approval that they might know is coming.
Anyone feel likewise??