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Energy XXI (Bermuda) Limited Message Board

engineer_peon 5 posts  |  Last Activity: Jun 20, 2014 11:40 AM Member since: Sep 25, 1998
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  • engineer_peon by engineer_peon Jun 20, 2014 11:40 AM Flag

    I took a big position when BP dropped to $40 after the oil spill. It took time, but it is now at $53. Its evaluation is now less than the other oil companies but not by much more than $20 to $25 billion. This is the approximate cost of the oil spill. I, therefore, think that BP is now fairly evaluated. It is time to sell. I think the other oil companies will do as well and there isn't enough discount in BP to make up for the legal risk of the oil spill.

  • Reply to

    Great move on AZN part...

    by smoke_le May 19, 2014 1:53 PM
    engineer_peon engineer_peon May 19, 2014 8:24 PM Flag

    remember yahoo. We will look at this $100/share offer a year from now and shake our head. I would take this money and run. But, if I am an executive at AZN and might loose my big payday, sure I am against it.

  • engineer_peon by engineer_peon May 9, 2014 11:23 AM Flag

    This stock is crashing. Turning into a financial disaster.

  • engineer_peon by engineer_peon May 2, 2014 10:30 AM Flag

    I have made good money on VLO and am grateful. However, at $58.70, I think VLO is fully valued and it is time to sell.

  • Reply to

    Question for the Global Warming Skeptics

    by vikkitrader Jan 19, 2014 6:08 PM
    engineer_peon engineer_peon Apr 15, 2014 3:44 PM Flag

    1. Global temps, according to my reading, have perhaps increased by 1 degree F over the last 100 to 150 years.
    2. Why the temp has increased we do not know. The temp has fluctuated more than 1 F over history within the span of a century before. The last occurred when it cooled in the 1700 -1850 period (the "little ice age") and when it warmed during the greadt "medieval warming period" (when greenland was actually green. So, a 1 degree F change within a century is well within historical norms.
    3. The consensus that the earth's temp will rise by 1 degree F has, indeed, been the predictions of global warming models over the last generation. However, the empirical evidence does not support the theory. Indeed, the last 15 years has seen no rise in temperature. Remember, Al Gore's little movie "no ice in the arctic in five years"?
    4. I do not believe in any action that needs to be taken. Anything that prevents the use of fossil fuels will be disasterous for the economy and result in a massive increase in poverty and all of the ills that come with it. I am not willing to do that based on a "maybe" with no empirical evidence.

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