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Freeport-McMoRan Inc. Message Board

hardwoodjoe 21 posts  |  Last Activity: May 21, 2015 5:46 PM Member since: Oct 31, 2005
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  • Reply to

    SHORT SQUEEZE IS HERE!!!!!!!!!!!!!...................

    by azrn93 May 21, 2015 11:33 AM
    hardwoodjoe hardwoodjoe May 21, 2015 5:46 PM Flag

    yes good luck with that...

  • Reply to

    Lesson I learned in USAF, I was there

    by superbowl6wins May 21, 2015 10:34 AM
    hardwoodjoe hardwoodjoe May 21, 2015 3:46 PM Flag

    I think this plane cant leave the runway.....Tony to busy loading the plane with shareholders money...If i had a substantial amount of shares of this company I sure would ask to see what management gets paid....very under performing stock given oil s rally in the last two days....I think gathering up a posse and beating Tonys door down to get answers is in order....either their books are getting cooked or something very wrong here...
    oil goes down tomorrow you can bet this stocks tanks 6% or better

  • Reply to

    SHORT SQUEEZE IS HERE!!!!!!!!!!!!!...................

    by azrn93 May 21, 2015 11:33 AM
    hardwoodjoe hardwoodjoe May 21, 2015 2:12 PM Flag

    1/2 a penny doesn't make a short squeeze ..my condolences .....may this stock rest in peace....

  • hardwoodjoe hardwoodjoe May 20, 2015 4:24 PM Flag

    Maybe you should look into buying a little lower....I don't see oil going higher than 60.00 this year...summer driving season starts Monday and only last two and a half months....that's not enough to dent oversupply...long term oil is bearish due to Iran coming online and Saudi is not going to cut....although the US will enjoy low oil prices for years to come...this stock and others will hit the low single digits....not trying to bash this stock but look at the fundamentals ....all oil stocks are going to be in the doldrums for a duration....history repeats itself....1986 oil bust lasted many years....
    ( On Tuesday, Goldman Sachs updated its outlook on crude and shale oil for the next five years. In particular, the firm is projecting $60/bbl WTI crude oil prices in 2018 and $50/bbl prices by 2020.

    According to Goldman's Top 420 projects report, the firm now believes U.S. oil supply will grow higher than expected, even in the face of low prices. "Although we believe the sharp reduction in US drilling activity is likely unsustainable, greater productivity and efficiency gains in shale should support long-term annual crude oil production growth of 500-700kbpd.")
    Goldman projected 30 dollar oil amid the oil crash and got it wrong but this call can be realized...the abundance of shale oil and the ability to shut and ramp up production on a flip of a switch....the easy money has been made in oil stocks...now comes the rinse and wash....then repeat cycle....there is more downside to these risky plays as traders that made the easy money will liquidate to capture profits....if the price of oil goes beyond 60.00 then producers will ramp up production only to kill the rally....its a cycle that will repeat over and over keep the lid on oil prices....

  • Reply to

    Annual meeting

    by dormie18 May 18, 2015 3:22 PM
    hardwoodjoe hardwoodjoe May 19, 2015 9:56 AM Flag

    I sure would be looking at selling the stock ....if anyone is above in profits I sure would think about selling those shares and lock those profits...this stock is going down as well as WTI....crude is overbought...going back to 45.00 range...whole sector is bearish... shorts are piling on ...going to retest lows...

  • Reply to

    LONGS,DON'T FORGET TO LOCK UP YOUR SHARES.

    by azrn93 May 18, 2015 9:21 AM
    hardwoodjoe hardwoodjoe May 19, 2015 9:44 AM Flag

    This stock is going into the single digits.....secondary in the offing ....line just did it 80% of companies have done it whats stopping this company from doing it....-9.90 eps thats a bad number for this industry im buying at 7.00....or lower ...

  • Reply to

    LONGS,DON'T FORGET TO LOCK UP YOUR SHARES.

    by azrn93 May 18, 2015 9:21 AM
    hardwoodjoe hardwoodjoe May 18, 2015 4:18 PM Flag

    Wow this stock has no sphincter muscle.....loss every day flows like a corn out of a pigeons #$%$..
    oil up SN down oil down SN down....maybe they need to change the ticker to SD.....Tony and the #$%$. sons need to take a huge pay cut to let investors know they are aleast trying to save this company....

  • Reply to

    $75-$80 OIL...........

    by azrn93 May 18, 2015 12:00 PM
    hardwoodjoe hardwoodjoe May 18, 2015 2:06 PM Flag

    LPI once again taking the lead ....outperforming majority of petro stocks

  • Reply to

    sn dwon 30% in the same time oil up 25%

    by blueiz1020 May 14, 2015 1:33 PM
    hardwoodjoe hardwoodjoe May 15, 2015 12:57 AM Flag

    To give an affirmative answer, one would probably also need to be optimistic on the price of natural gas as Catarina is a "gassy" asset. Sanchez estimates that it can generate a 35%+ return using a $60 WTI/$3.75 Henry Hub price deck and its current type curve. This is an excellent point to start from, given that Sanchez is still just in the second innings exploiting the asset.

  • Reply to

    sn dwon 30% in the same time oil up 25%

    by blueiz1020 May 14, 2015 1:33 PM
    hardwoodjoe hardwoodjoe May 14, 2015 4:56 PM Flag

    Extreme selloff...across the board...and David Einhorn didn't help much....said all E&P were cash burners....so him and all his croonies are on the short wagon....never buck a trend...90 MACD is 11.50 if it breaks that then its to the 10s....then youll know where this headed....at 5% moves to the downside its going to hit the single digits fast....support is vital at 11.50...burning 205 million this quarter wasn't good...if it keeps burning that in two more quarters then they will have to start into the borrowing base....oil needs to stay above 65.00 for SN to turn a profit....selling at 42.00 isn't going to cut it....management needs to take a pay cut also....

  • The dollars rise does not help crude....its exactly the inverse that helps crude ....oil is sold in petro dollars so when the dollar drops then commodities should rise but there seemed to be a disconnect today....there was a drawdown in Cushing today but the rally was min . and the crude rally fizzed out....these stocks are beginning to sell off in profit taking ...three weeks of selling...with little rallies in between ...enough for smart money to get out...this stock was 15.50 three weeks ago....what happened???
    Crude hit an intraday high of 63.35 which was also a high ytd....it started a chain reaction of profit taking with selloffs taking place everyday at 1:00 pm central time....fast forward three weeks and here we are in a downdraft that got SN to 12.11....high elevens coming tomorrow ....but will it be support???
    Volume today was 2.46 mil...most was to the sell side....so what is missing in this puzzle????
    Even its worst peers like GDP...OAS ...lpi .. mtdr....didn't get hammered....

  • Reply to

    net loss

    by kdgjones May 13, 2015 7:04 PM
    hardwoodjoe hardwoodjoe May 13, 2015 11:32 PM Flag

    Liquidity of $645 million as of March 31, 2015, which consisted of $345 million in cash and cash equivalents and an undrawn bank credit facility, which has a $550 million borrowing base and an elected commitment of $300 million.
    If they reported 550 million in cash and cash equivalents last quarter wouldn't that equal a -205 million loss...
    I still don't know what the break even price for operating is....42.00 sales in crude per bbl doesn't make it a break even price....im thinking more of 60-65 bbl which is there now....what happened to the hedging at higher prices.....this is what is vague on the earnings call,,,wish they would just spell it out and give a breakeven price instead of a lot of head scratching....if someone knows please enlighten me...

  • Reply to

    Momentum Till Next Week !!!!!!...................

    by azrn93 May 13, 2015 2:02 PM
    hardwoodjoe hardwoodjoe May 13, 2015 4:02 PM Flag

    This has got to be the worst stock on the exchange....5.5% move to the downside....when even its worst peers aren't getting hammered that bad.....there is something def. going on here besides bad earnings,....this is going to be 10.00 soon if these kind of sell offs continue

  • hardwoodjoe hardwoodjoe May 13, 2015 1:51 PM Flag

    It should be but its not......terrible earnings call.....two months ago line was 10.00 ....lpi was 12.00....Bas was 7.00 ......SN was 15.50.....now all of them are either higher than SN or pretty close to it.....downdraft in this stock

  • Reply to

    quarterly report

    by lufkinunit May 10, 2015 12:22 AM
    hardwoodjoe hardwoodjoe May 11, 2015 8:56 PM Flag

    Hey dough.... How did you come up with 39.00 being breakeven ? On the company report for this quarter it was 42.00 for oil ....nat gas being 2.52 I think....if it was breakeven wouldn't the price per share be at a positive or wouldn't they have been at a flat line....in my last post I meant to say" high teens" and summer season isn't going to matter"..,I've put so many other stocks in comparison with Sn.....like GDP ...lpi...mtdr...OAS...CLR ...rose...crzo ....IMO the closest peer is crzo....mtdr sold off ugly in DEC but almost hit its 52 week high last week....figure that one out.....on the daily most of the shale players move in lock step....if one starts to sell off you can bet the rest will follow. ..sn has a range between 11.50- 15.50.... The only thing I've noticed last week is when oil broke 63.00 then all of the sudden oils sold off hard....then Friday gained a little back only to lose most of it this Monday....thus this is where I'm coming up with single digit mentality...... For some reason there is a gain in short interest and the oil space is selling off....cxo APC APA etc....I just think there could be more pain in this space....thanks for your reply....

  • Reply to

    quarterly report

    by lufkinunit May 10, 2015 12:22 AM
    hardwoodjoe hardwoodjoe May 11, 2015 8:13 PM Flag

    You bring up good points.....but the potential is always there....these stocks don't trade on fundamentals....if they did sn would've never got to 6.22....they trade on sentiment.... They sell off right after the Eia report....so covering right before is what traders are doing....I don't doubt sn management is clueless but this stock should be in the teens by now....its trading just about where oil was posted around 45.00 bbl....I've been long and short this stock....when it sells off its ugly and when a catches a bid it roars....I just think the summer driving season is going to matter this year....I don't see wti breaking 65.00 soon...what has happened is that producers started pumping more when oil broke the high for the year....which in turn will flood the market back into Cushing...the rigs that were being stacked have started to come back online....I know for a fact that APC in mentone tx are putting 15 back in service....so that's just one company....I look at this from both sides of the fence and adjust my trades from there.....good luck on your trades and thanks for your input....rose got bought out today...,so now there could be more consolidation....we ll see what happens....

  • Reply to

    quarterly report

    by lufkinunit May 10, 2015 12:22 AM
    hardwoodjoe hardwoodjoe May 11, 2015 4:17 PM Flag

    This is going down the wayside.... No per share value less than its peers....lpi...line...etc....this could be in single digits in a few days...

  • hardwoodjoe hardwoodjoe Mar 2, 2015 11:02 AM Flag

    That's what you think.....I bought flooring and my willie fell off in 6 months...so Im no longer called hardwoodie

  • Reply to

    Re entered my position this morning.

    by ferrarimercedesman Mar 2, 2015 10:05 AM
    hardwoodjoe hardwoodjoe Mar 2, 2015 10:58 AM Flag

    Buy LUV short LL

  • hardwoodjoe hardwoodjoe Feb 26, 2015 7:52 PM Flag

    10% swings ....its like going to vegas without waiting in an airport ...rig count comes out tomorrow watch for that .....it could go either way....I know for a fact that its dropped ....but how much....and will it matter to WS...

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