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AuRico Gold Inc. Message Board

giant_seq 7 posts  |  Last Activity: Jan 7, 2015 8:43 AM Member since: Aug 13, 2007
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  • giant_seq by giant_seq Jan 7, 2015 8:43 AM Flag

    Oil and gas prices will only go down going forward. There is no possibility of oil rebounding for any reason. The market and experts have spoken, and despite oil being much higher 60 days ago, I mean a month ago, I mean a day ago, there is no hope for oil.

    Poor,poor oil. Doomed to a life of $20-$40 a barrel.

    I've never heard this refrain before in the last 30 years. This time it must be different.

  • Reply to

    Preparing to enter

    by giant_seq Jan 6, 2015 1:51 PM
    giant_seq giant_seq Jan 7, 2015 6:25 AM Flag

    It would need to be a takeover from a company with deep pockets paying mostly cash, because the stock "currency" of the buyers have probably gone down as much or more than Helix at this point. I am looking to buy more for sure at these prices, but this time around I'm trying not to buy too early. Then again I bought at 20,15, 10,5 and 3 last time around and it was a spectacular investment. Maybe I'll let Owen show me when it is time to buy.

  • giant_seq by giant_seq Jan 6, 2015 1:51 PM Flag

    Just watching and waiting here. I think the bottom for oil is near.

    Robotics probably more impacted than well intervention unless the drilling rigs flood the intervention market. Helix is a totally different company this time around than the one that dropped to $2 in 2008.

  • giant_seq by giant_seq Jan 5, 2015 3:08 PM Flag

    Took a shot at 2.17 earlier today. I think we are days away from the bottom in oil and very near the top in the dollar so I figured it was worth adding to my position at these prices. I have been trading shares off this bouncing low end now for a few weeks.

  • giant_seq by giant_seq Dec 12, 2014 11:01 AM Flag

    Opec blinks and all the oil traders immediately take a big dump in their pants. Oil must be going to 50 for the next decade. The oversusupply of oil in the world is somehow now etched in stone and going to be higher than demand long into the future. Really ? Let's see about that.

  • Reply to

    Bank of America oil report

    by gatr55 Dec 10, 2014 9:23 AM
    giant_seq giant_seq Dec 10, 2014 11:39 AM Flag

    Venezuala and Nigeria get thrown to the wolves, yet they maintain production ? Seems to me a lot of this gloom and doom is not reflecting the fact that so much oil is produced in marginally stable countries that will be made even more unstable by the lower prices. The analyses seem to assume status quo stability in places where banks and governments are going to blow up pretty quickly. Even US Shale bank loans are not looking very good anymore. How about Venezualan Bank loans ? GST has perpetual perferred. They have to pay interest, but there is no principal on the horizon.

  • giant_seq by giant_seq Dec 1, 2014 6:58 PM Flag

    http://www.marketwatch.com/story/why-crude-oil-will-average-80-a-barrel-in-2015-2014-12-01?link=MW_home_latest_news

AUQ
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