Dead money for a long time. I bought FCX back in 08' under $13, held till 11' split, then sold half. Still holding, and will be buying again around $13. Those who ignore the lessons of the past, are destined to repeat them.
How would like to bust your butt all day in a broiling farm field for $5 an hour, because if you will; theirs a lot of folks out their who will trade places with you, and your present salary any day of the week.
Israel has been trying for years to pull the U.S. into conflicts in the Mid East , using any pretext to eliminate Tel Aviv's adversaries. The Israelis' would start WWIII if it was needed, in their opinion; to keep their confiscated lands. You wonder why they can't find any neighboring allies? Threating, manipulative, trouble makers in the neighborhood, usually are not wanted. Bibi, has to go if pace is to be negotiated. No solution will ever be accepted by his standards. How many times has he insisted no treaty is better then a bad treaty. Wrong "any treaty is better then no treaty."
One persons truth of the facts, is another persons bashing. It's said the truth will set you free, in this case free of losing more investing in crude price increases.
How silly not to acknowledge how well a Clinton ran the country, and will again after 2016'. What a bitter ordeal that will be for the GOP. But they have learned to accept "eating crow", ever since they've had to try to make the public forget the legacy of the disastrous George W. Bush administration. Did I mention the GOP has another Bush in their pocket,and groomed for the nomination. Talk about trying to solve problems by applying the same incorrect methods over and over, and wondering why you can't come up with the right solutions. That's the GOP, all problems, no solutions.
The Ides 0f March, were not the beginning of the "FALL OF THE ROMAN EMPIRE", only the fatal fall of Julius Caeser , The empire flourished for another 500 yrs.
older rigs will be salvaged for scrap. Very Long recovery time for the deep water drillers in the future, very long.
Typical GOP smear agenda trying to make a mountain of corruption out of a mole hill incident. All this ganging up on the Clinton's will eventually backfire on the Republican party. At the election polls, no one likes a legion of political bullies with no solutions, only vile innuendoes and verbal assaults. Truth is everyone wants the return of the prosperous Clinton days, and theirs not a Republican out their who could, or would, restore that era. As for private E-mail accounts, both Colin Powel and George W. used them during the needless Iraq, and Afghanistan conflicts, that resulted in tens of thousands of casualties; no one ever demanded those correspondences to be made open to the public.
It's a good entry point for a new be, but you better consider cost averaging for the next purchases, if you want to hold for a very, long term profit. Rig still has a strong downside to go thru, Those off line rigs may never go back on line, just get turned into salvage junk. Their are better buys in this market now, then putting your assets into RIG. When crude goes up, the deep water drillers will not go up as quickly as the refiners will.
During the Clinton years crude went to less the $13 a barrel, gas was $1.25 at the pump, unemployment was under 5%, and the banks were in great shape. Can't wait for a return of the Clinton years.
OPEC said today they will not cut back supplies, keeping crude cheap and trying to make shell drilling unprofitable for the drillers.
Clayton Powel and George W. both had private e-mail accounts during the "weapon's of mass destruction" era, that committed the U.S. to two unnecessary conflicts in Iraq and Afghanistan, that resulted in tens of thousands of fatalities. No one has ever demanded a review of their correspondence.