Iran and Iraq are dumping millions of barrels of oil in the market they are desperate for cash, U.S. gasoline under $2 a gallon soon
to drive out the competition and bring oil down to $5 a barrel for 9 mos and than take it up to $375, let em starve in the dark ...
agree i looked at this sdrl div 2 weeks ago and since i don't short because of countless stories depicting disastrous short sales i stayed away from shorting sdrl. now in this case it may have been the play.
nah not at all. here's how the stock market works: go for the crazy, weird, off the wall #$%$ and you'll get filthy rich.one of Peter Lynches favorite investment tactics is to simply buy shares of the weirdest named stocks and hold them.
agree icahn owns 21m shares with a $700m paper loss but a $3b gain on his other investments he's sold this year. he needs the offset $700m of those gains with a tax loss before 12/31/14
for your kids sake think of them. why would OPEC help out the U.S. E&P's with production cuts to save the Bakken etc drillers. WHY?
agree now that sdrl ,has taken the step of divvy elimination it makes it easier for rig to do the same. also rig is next to last with oldest fleet outhere (less technology upgrades = higher costs to run) DO has the most.
sitting on the sidelines
yeah the 3-5 days is usually a good tactic to wait out if there wasn't another catalyst in the wings i.e. opec . i think the funds will sit on the sidelines for the opec decision than continue to hold with production cuts or starting unloading over the next few weeks no cuts .
yeah safe gov 2 yr bills are paying .5%. did people really fall for this? i guess, because people are still buying div stocks paying 50%
if opec refuses to cut production and sdrl does't drop in price - that's the bottom. i would wait for thursday's opec decision and Fridays premarket in sdrl. just a thought.
greedy sounds like the longs here - greed and fear rules especially the commodities markets
$500m to my calculation which is peanuts to him. he has to have big tax losses to offset his gains this year so tax loss selling before Dec 31 maybe on his "things to do" list. that would really send rig over the cliff.
the divvy elimination serves you greedy long hogs right
its very unlikely to meet or beat earnings before the bell on Thursday. See Yahoo headlines for this article