Hey guys I am tonyfish and my broker is calling me asking for some money because im a short that didn't get out when the big boys did and now im a short bagholder that is to stubborn to cover. Why didn't you post that as its more than likely the truth.
Wow articulate. No real response other than name calling. You clearly are an educated short.
Low volume? The avg volume going into this week was 23m a day now its 30m and yesterday was 40m(actually the last 12 days have been above 30m). Try lying on things that are not easy to fact check.
I hate to break it to you retail investors do not cause the volumes on what is going on in the energy patch right now. That is institutional money going back in. Retail investors do not move the stocks like they have been, and the fundamentals are changing slowly and the prices are beginning to reflect that. Some of the prices were overdone to the south side and there are now a lot of trapped shorts who were to greedy and now are getting calls.
Its not speculation. The move down was overly pressed. There is no credit issue for the next several years. The stupid shorts are the ones who piled in at the end and who are now trapped. Fundamentally the us oil production is changing and oil is going up short term. Regardless of what SA is trying to jawbone it down.
It is considering what is going to happen to some companies credit facilities. With no real debt coming due till 2019. This is the wrong company to short if prices recover even a little. Maybe if prices are here in late 2017 it makes sense, but not right now as the wti chart looks like oil is not going meaningfully south anytime soon.
Or who be bothered to read/watch investor presentations that go over these things the day before.
Was announced earlier in the week. The stupid money is now seeing it from yahoo posts.
Watch the Raymond James presentation. He goes over this as its an apparent surprise to the people posing here. The move to the downside was overdone as the price is beginning to reflect.
Because that was announced it was going to happen a day earlier and the smart money knew it already. Was not a surprise to them and it still held strong. Do some DD and watch the presentation. I thought shorts were educated and had to be prepared.
Also look at oil. It has put in a double bottom. People say oh its rising to fast but it dropped just as fast and stayed down there for over a year and a half. Its not going to double, but its going north to the mid 40's. Again the chart is more than a short term. Look at it from a broader perspective. Also oil doesn't have to double for some stock to gain traction who were overly shorted. This being one of them where they is no real issued tll maybe 2019 of credit issues Till then oil will stabilize and rise. Also you say higher cost based on what 3years old data? Costs have come down significantly and again any debt issue is years out.
Oil is going to stabilize over 40 in the near term regardless if it makes the push this try. You are charting oil vs the overly shorted WLL which has had the downtrend crushed and now showing support vs the other oils which have given back far more. WLL has been pushed down far more than it should have considering when any real bond is due. Also you are looking at oil last year when there was no real drop off in production this time around the oil sand are geting ready to give the drop off that is occurring a boost.. However short it may be over the next month or 2 it is going to happen. The barrier used to be low 30's then 37/38 now its low 40's. Oil is going through them near term. Charts are not infinite they are broken eventually. Just look at a broader chart of oil and its apparent the momentum has changed.
Yes they had 4b on the books beginning 2015 and 850m on hand end of the year. They leaked the money and overspent on capex and a billion on buybacks that were wasted. Oh and some of the prior before 2015 they used on bonds which they had to.