Do NOT!!!!! listen to the heaven dude. I'm in college as well hankmeiner. I'm telling you, you never use margin, especially on a company like this. You take 5K on a credit card, you'll likely be paying around 15% interest, then if you use a margin account to double down, you are literally opening yourself up for complete annihilation of everything you probably happen. The market can stay irrational far longer than you can stay solvent.
Well I understand it a bit better after that, thanks
Below are the approximate WTI breakeven prices for each of our type curves by play. It is important to note that the longer the price of oil stays low the quicker oil service companies will have to lower their prices to keep rigs active…it happens in every cycle. The breakeven ranges below assume well costs remain constant.
Ft. Berthold (Williston Basin): ~$50-$55/bbl
Williams Co. (Williston Basin): ~$70-75/bbl
El Halcon: ~$60-$65/bbl
How exactly is the Tms a huge failure?
2017 they have some convertible its less than 1B but more than 250M. don't quote me but i think its like 350 M convertible, the rest is 18 and 19
What are longs positions in terms of current avg and how much more they are willing to add as a percentage?
I'm averaged at 4.6 and I'm willing to increase my position by as much as 250%. I'm waiting for 3.5 to add significantly.
Alright, that's starting to make more sense thank you.
So Hk hedges at 80 as an example, Oil is at 100. Hk sells to Company X 100 barrels at $100, since they are hedged at 80 tho, they then pay back 200 dollars to the company x. Can they write that off their income? And is that how its done in simplified terms?
So higher oil prices, is beneficial in the sense that the 20% of hk oil isn't hedged and is being realized at full value. Whereas the other 80% is taking about a 10-15% haircut?
So is unrealized the forward looking quarter, assuming oil is what it is in current terms, looking forward, they estimate what their loss/gain is?
Thanks for you explanation again.
The day has officially come, I am now in lower than I was last go around, if you recall, I said I'd have the last laugh and now it seems I have. It appears I wasn't so foolish to sell out as I did. All your gains you were bragging about that you claimed you wouldn't sell are now worth not much more than what you originally bought them at.
P.s. this is not to float my own boat (i got lucky and unlucky in some ways) however my point is, I'm no idiot, and you are no genius, my call was better than yours over time, now we're both (it would appear) on the same team, so I would like to move forward to do what we can to help each other. Last time the stock got ahead of the company, now it is relatively fairly valued on the high side. Good luck to you moving forward, however were both going to be losing money short term. My avg. is going to be around 4.6 or so, not sure until tomorrrow.
I more than doubled down. I can do that about 5 more times and then i'm all in, locked and loaded, and praying to god Floyds got another round in him
So is it more like an opportunity cost and not a true loss, kind of like depreciation in a sense? Because they still made 94 dollars a barrel, so I don't see how they physically lost 6 dollars a barrel, that extra 6 dollars just wasn't realized because they chose to be safer.
Secondly, aren't they hedged more around the 86 dollar mark for this and next year? maybe even a little less.
And lastly, so if they are hedged at 80 and oil drops to 50 and they produce 100 barrels, would that mean they had a derivative gain of 3000 dollars?
Still a youngster, so i apologize if these are basic/stupid questions.
Helen Keller is that you? You realize they have negative operating income don't you? 2012, 2013....
Juans the idiot? Lolz, you realize juan was calling for a drop as I was, while you and dougie were calling for 10 by years end. look in the mirror fool