Well I am stuck with 8000 at $24 and I still don't think it's a 'POS'. Down $92,200.00 last time I looked. Not feeling well about it either but not going to be crying it's a POS. CVRR & ALDW all in the same bucket, and everything's been going down big time. It's one of those times you have a perfect storm, crushing stock market & oil/gas at same time. Everything's negative, nothing positive in the market for now. God, I only wish I owned 850 shares now as I would be a happy guy. Everything is in cycles, and if we live long enough this sector will be good again. Course my problem is I am 78!!!
"first of all we dont know anything about this pos.i wouldnt buy this falling knife as a joke". That don't sound like someone who owns the stock, more like one that's short.
Might been better to wait on the earnings call at least before buying. ALDW got a shocker last night and tanked 20%. I don't think it's going to be bad, but don't see anything that would cause PPS to jump up after earnings release.
If you hate the stock so much, why are you here? Just to annoy the longs I guess. Must give you a thrill not owning a share and just haunting the boards.
Markets in a general sell off, and I think not a time to try and chase any stocks no matter how cheap they look.
CLMT just getting pulled down with the whole sector. It's just not a single stock with issues, it's a general market sell off. Even at the worst of times (2008) they continued to pay .45 $1.80 a year. ALDW just came out with .08 dividend and it's a single refiner, 70,000 out put and at last look it was trading same as CLMT(?) Few years from now those who think CLMT is a "POS" will be eating crow. They have the past history to prove such statements wrong. I am stuck 8K at $24 and still holding. Never thought sellers would ever be discounting this stock so much. At some point going to add more to get my cost down, but can't chase it more until we see some better times ahead. It's all cycles, they come and go as will this one. In the mean time it really sucks being long.. GL to us holders.
Legally, ETE is locked into the deal and unless Williams agrees, or the FED turns the deal down (fat chance) the only out for ETE is BK. The way markets are pricing in ETE, is way over it's head now, and finding the cash is a pipe dream. So thinking Williams at the worst has a $8 bottom because of the deal is a huge risk. I think about only way ETE can come out of this mess of their own making might be chap 11 if the market keeps selling it off. If one bothered to play charts trends they would be out longggg ago. To make matters worst, everyone now talking about a world recession, glut of oil & gas, with zero interest rates. Cash is king, that is if anyone has any left.
Way the market is selling it, they seem convinced the deal will be completed. Huge question is where is all the billions coming from. Timing could have not be worst if they tried.