" You have obviously never even been close to a drilling rig "
WRONG ! On weekends we often bike from Ventura to Santa Barbara. There are many drilling rigs on the side of the road. I even took pictures with some of them. Ha ha ha.
Since last fall, the number of rigs in E & P have dropped by 45% and 70000 petroleum workers lost their job. Sure there must be efficient rigs and competent crews outer for hire. Why did Hession employ a half broken rig for A4 that messed up and a crew that needs reeducation ? Is he familiar with the E & P industry at all ? May be he should learn to google to find the right rigs and crew. What do the roomful of (mis)management personal doing all day long other than picking their noses and collecting a fat paycheck our expenses ?
" It does not imply that unskilled staff are operating the rigs. "
The drilling records shows otherwise.
I thought they are busy drilling. Little do we know they are busy going to school to learn to drill.
After the senates vote , we can expect to see another high uptrend.
The health department (read NIH) is consistently the only one government department that gets high marks and praise from everyone. For a medical bill of this importance, it will get the necessary votes to pass without much pork. I am glad the bill is finally see the light of the day. This is much more than just our beloved Neu/Vax. I expect rally in biotech to follow.
I think you are right. He does not come across as someone who needs to answer to the shareholders. Either he is clueless how to manage shareholder expectation, or he just don't give a F. I think it is both. 50% is a lot of money we put on the table.
Can someone write out a concise summary of Neu/Vax for the board so it can be incorporated into letters to be sent to the congressperson ? We cannot assume our representatives know everything about it.
The bill will be passed in the senate for sure. Once that happened, and if you want to get rich quick, don't forget to write your congressman and especially congresswoman about the delay in Neu/Vax approval.
Most oil names in my portfolio are going back up big. MGLS up 4.9 % , Even garbage like SDRL goes up 2+%. IOC is trading down with the worst of the worst like BBEP (which may not survive for long). This is what you get when a billionaire opts to trade IOC like a biotech stock.
Agree. The right way to trade is to let the uptrend run exhaust itself and if one needs the money, sell when the stock starts its descend. The descend may be a false move but at least you get out.