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SPDR Dow Jones Industrial Average ETF Message Board

glou888 6 posts  |  Last Activity: Dec 16, 2014 7:24 AM Member since: Apr 7, 2006
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  • Reply to

    The stock market has nothing to do with reality.

    by srainey388 Dec 15, 2014 4:40 PM
    glou888 glou888 Dec 16, 2014 7:24 AM Flag

    This is a good post. Most people here do not understand SD hedge program. When SD stated publicly that they hedged at $90 oil, they only tell half the story. The truth is, as oil price goes down further, their hedge program become less and less valuable. So decisive capex cut is the only option that SD has now. But capex cut is very painful to implement since it means massive layoff.

  • Reply to

    Idea to SD CEO

    by glou888 Dec 14, 2014 8:45 PM
    glou888 glou888 Dec 15, 2014 10:56 PM Flag

    I noticed one of SD directors brought SD shares right before the oil price and SD price started to plunge. I think he is down 60% or so. So we are not alone. I do not have a meaningful position in SD now comparing to those who claim owns 550000 shares and bet his entire net worth in it. But if things go as I expected (mainly oil price and more insider buying), I will consider increasing my SD holding. I sincerely like to see SD management to take a lead in purchasing SD shares on open market.

  • glou888 by glou888 Dec 14, 2014 8:45 PM Flag

    Dear James Bennett ,

    I know you read this. Here is soothing for you to consider. You have said before that you feel SD worth $15.5 per share. I think you are right on your judgement once the current irregular oil price run its course . I suggest you cut 2015 your $3 million salary to $100,000. In addition, have the company award you 300,000 SD common shares. Sure, you take a big cut from $3 million to about $600,000 based on current SD share price. But if SD reaches $15 someday, you actually make $4.6 million for year 2015. Then, not only you will make more money, you will become hero on Wall Street and Main Street. You now have the great opportunity to become a legend , consider this opportunity carefully and do not let it slip away.

    Wish you and SD the best.

    Your fellow SD shareholder.

  • Reply to

    Cut capital spending, SD management!

    by glou888 Dec 13, 2014 9:27 PM
    glou888 glou888 Dec 14, 2014 9:22 AM Flag

    In fact, what Saudis is doing now is try to drive long term oil price to $140 by wiping out our shale oil and gas industry. So ban Saudi oil today is not only save jobs but also save us money long term. Given above said, I have no problem to charge oil company some special tax for profits made with oil price at $100 or higher.

  • Reply to

    Cut capital spending, SD management!

    by glou888 Dec 13, 2014 9:27 PM
    glou888 glou888 Dec 13, 2014 10:08 PM Flag

    Congress these days doing absolutely nothing. Maybe they can pass a law to ban Saudi oil.

  • SD should cut 2015 spending to a level to produce just enough oil and gas that can sell under its hedge program. If oil price does not recovery, SD should cut all spending for new wells in 2016, even that means plunge in its revenue. Then, many shale oil and gas players will die before SD and SD can come back when oil price raise again.

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