I been watching the trading in CWEI and how the PPS is being manipulated. All of the trades and book was 100 on both sides or less. They ran this mutt up $5 this way. Was not following ALDW today on the run up but was surprise how much it was up on no news. At least ALDW makes money and pays a distribution unlike CWEI. Think you have a few traders churning accounts with each other to run prices and that seem on the face of it, illegal.
Anyone holding this stock obviously is not paying attention to anything about the company, the short float and outright manipulation of the PPS. So many similar company's with better assets, larger, better financials selling in the $6-$10 PPS area. High risk is an understatement!
".no real risk left...even if it goes under you wont lose much now..no brainer BUY"? You get a 10 for the most stupid post I have read in past week.
So much humor in posts one might think they are serious. IF a person was thinking this oil down draft was a short term event blip, then buying drillers might not be all that stupid. Nothing is blinking green light that this is a short term sell off, then up we go again and rigs will be booked up again. Instead it should be obvious this is going to play out over much longer than most expect. In that case, drillers are the last place you should be parking your money no matter how cheap they 'may' seem. I been preaching going to cash for past six months, and still do.
" What gives"? First off you ignored market information that was pulling the oil & gas sector down. Then you let your loss run instead to trying to hone in WHY the stocks were dropping and missing that you now want to kn ow what gives. The market was telling you it was in a bear trend, you just failed to believe it. It's like a guy gets run over by a truck and asks what model it was.
I am looking at the Nov 22.50 puts on ALDW. See how much more they can milk out of this run next week to buy some. Your correct, the lower share count makes it easier to run it. Hard to believe value buyers continue to jump on the thing. $5 over CVRR, it's obvious buyers are not using their heads. If, and I think we will get the post sell off, I would be a scale buyer in on CVRR & CLMT. On CLMT do have some concerns they might do another SPO no matter what market conditions are. #rd QT on refiners should be strong. No matter what, way market is, no rush to do anything.
Won't be bankrupt by end of year or next. Do agree the executives are over paid and taking care of themselves. Too bad performance is not tied to wages for the higher ups.
It's a fair and valid question. The answer is they will never pay it back, just kick the can down the road for as along as they can. As long as bond holders and banks get paid the interest, it just keeps on. With free money all over the place, they can continue this way until rates start going up. This is the problem buying company's with huge debt loads in a market like this, people start asking questions before buying.
Distributions are meaningless in a bear market. On EX you will get your $1 distribution, however the PPS adjusts down by the same amount. What have you gained, zip, nothing, plus good chance PPS keeps going lower in this bear market. The run ups of today are mostly muted in a bear market, plus a bad report on top of it.
It's not a LINE thing!! All the drillers, gas, pipes getting crushed. Now is not time to be bottom fishing for anything in the energy sector. Brent seems to want to revisit the $40's again, Iran is six months off, Fed rate hike in Sept coming, why jump in now. The selling is the street feels this is dead money for quite sometime, perhaps years. What looks like today's bargain is tomorrows nightmare. Sitting on cash is the best moves to make for now.
If you sell on EX, say at the opening, then you have gained nothing. You get the distribution, but the PPS resets down by the same amount. Of course some tax will be due, so that's why it's a dumb trade. Better stock to own is NYMT over CIM. Reverse splits seldom work out to the benefit of the holder, and generally it's flashing a red flag.
Not at all. Guess it's just sell anything ETE related. No one ever claims markets are rational as it's obvious in the oil & gas sector.
Most all of the midstreams been getting sold off after they made EX dates. Seems like the normal price action and nothing to get in a panic over. Few weeks before EX I expect powers to be will run them up again, assuming oil & gas not tanking. Trend obviously is down, lower highs, lower lows. Check distribution history, they have never cut even in worst times than this. Chart not all that ugly either. Bit of concern with debt and as pointed out coverage. Don't think any merger is in the cards, nor does OKS look like another Enron. For now think best play is to wait a few weeks before EX, then see how markets are to buy. By now it's should be obvious your not going to miss a big upside move in the oil patch.