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Freeport-McMoRan Inc. Message Board

hardwoodjoe 12 posts  |  Last Activity: 12 hours ago Member since: Oct 31, 2005
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  • hardwoodjoe hardwoodjoe 12 hours ago Flag

    XOM, apa fcx frak chk, gdp, ,hes .x, bhp, stld ,rio, just hit 52 week lows......when the worlds largest oil company hits the lowest for the year the market is trying to tell you something ....as for the steelmakers in the dumps....its because a large % of their sales is made up of drill pipe ,drill collars,reamers drilling rigs etc..theres no demand for it right know.....I think youre in denial sort out your facts because youre about to loose morer of your investments

  • Reply to

    Boone Pickens says $70 Oil by year end

    by ferrarimercedesman Jun 10, 2015 5:10 PM
    hardwoodjoe hardwoodjoe Jul 6, 2015 9:46 PM Flag

    This is a train wreck ....high 7s tomorrow ....then 52 week lows soon after that....by august it's printing 5.00...don't say I didn't warn you....

  • Reply to

    PVA gets bought by BP

    by stk_metrics Jun 25, 2015 12:41 PM
    hardwoodjoe hardwoodjoe Jul 5, 2015 10:43 PM Flag

    On the contrary....it aint over till til the fat lady sings....and she hasn't even started...Greeks are going to jolt the market Monday...WTI declining 3-1/2 % as I type....oh and SD will have to do a reverse split to keep from being delisted from the NYSE...GDP going to hit 52 week lows as well as chk...epd..x..and other oil related stocks in the small cap world...so no im not that far off...

  • Reply to

    PVA gets bought by BP

    by stk_metrics Jun 25, 2015 12:41 PM
    hardwoodjoe hardwoodjoe Jul 1, 2015 11:54 PM Flag

    No buyout....will be picked up cheap on the auction block....you haven't seen lows yet....market is going to squeeze investors till they cry like babies....prolonged low oil price will drive oil stocks into low single digits...SD and others are going to be delisted and will trade in the pink sheets ....sn will go to low digits....

  • Reply to

    VOLATILITY !!!!!!............

    by azrn93 Jun 29, 2015 9:09 AM
    hardwoodjoe hardwoodjoe Jun 29, 2015 11:14 PM Flag

    I hope you've got the stomach....52 week lows coming across the whole oil sector...some are even getting there everyday....chk, epd.etc....there will be some buys if you hold out for the lows....

  • 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

    $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

  • 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

    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

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