Fred... keep doing what you're doing and ignore the pundits who believe that oil will rise anytime soon. The demise of the global economy has begun and when we see Banks increase their profits with "Fiat" currency as the rest of the economy falters...it becomes obvious we're in a false economy fraught with rot. When the U.S. government declared bankruptcy in 1933, who do you think is paying for that debt? and have we ever recovered? Not n the least! When they (U.S. Federal Government) took away the Gold Standard and incorporated their paper money as value, they opened the door to a printing machine that will forever keep printing useless paper. That's why Hellin' Yellin" won't increase rates. The Federal Reserve is a private corporation. She doesn't care and neither do the politicians. Tax is as fraudulent as a $3 bill and if you understand from whence it was derived you'll better understand what's ahead. We the People who remain "sovereign" have been supporting these knucklehead politicians for far too long...maybe it's time We the People quit paying tax that goes no where other than to an agency that is a private corporation (IRS), and a federal U.S. government that only has jurisdiction within the state it sits upon. Get smart people before spouting nonsense that our dependency on oil is monumental. That couldn't be farther from the truth..... I concur with your reasoning Fred, as well as others regarding the oil sector. Change is in the winds and people better get smart otherwise the rise in bankruptcies will escalate even quicker than they already are.
I totally understand your guesstimate on WLL gapping down especially after CNBC was slamming it earlier today BUT, with respect to "hostile acquisitions".. Highly unlikely!
Who with sane mind would ever consider taking on such debt, let alone a shakey future with respect to oil pricing and all that supply that seems to grow exponentially monthly.
You may want to stick to your hyper guesstimate that WLL share price starts to wither away, but again..It won't ever return to prices above where it is today. GL
Yeah... I've seen a lot of qtrly reports but that particular one that WLL put out last night looked more like a target used at a rifle range. Holy Moly Mona Mia... How these executives can sustain the C-Suite under the number posted for common shareholders is quite extraordinary. I really don't see "WLL" making it past January 2016. Oil is expected to stay below $50 for a long time, WLL surviving near term is highly unlikely BECAUSE the small banks that have invested heavily can't sustain heat from their shareholders or bigger banks that also signed into collateral debt obligations. One feeds off the other and the end run being WLL. What a crappola show ...unreal and this is just the beginning of the slow demise of shale drillers and producers.
sooner than later. But, only after they report 1/4rly earnings (which won't amount to much more than a hill of bad beans). The share price will fall faster than a rock and then those few who hold shares will be gone for good. There are many retailers on this board and other shale producing companies that have invested their life savings in the market in hopes of cashing out in more ways than one and now reality should be hitting y'all rather hard.
Your homes are about to be lost and that "H" word will soon be announced in your ear. HOMELESS and broke as a post. There have been a few of us who warned and warned and warned you guys and gals the company and the sector will take a beat down and you ignored our commentary. GL all
Anyone else notice the cliff has been crested and now it should be fast and furious with few bumps. When "WLL" reports tomorrow, it will truly be nothing shy of "pathetic" and anyone who thinks the share price will bounce is either still in a dream world or plain "STUPID".
Expect sub $10 share price imminently and don't complain you were not warned.
Holy smokes are U ever a dumb #$%$ LOLOLOLOL. We have been exporting oil since you were born, and we sure don't need the government to tell us who can sell it to whom. What planet did you say you dropped in from? Unreal!
Heintzy heintzy heintzy... I see your still preaching to the deaf, dumb and blind and that's too bad. The credit lines are officially cut off to OAS.. The banks are "not" going to make that announcement and neither is the company so they vaguely mask the verbiage so as not to scare the pants off everyone. Unfortunately, your not in the camp with carnal knowledge so thanks again for your most generous contributions to my fund and keep it comin' LOLOLOLOLOLOL
jonday... start buying at these levels....assume the Warren Buffet methodology and hibernate the shares for the next 5 years... And good luck :~)
hey heintzy.... earnings season has only begun and when we see what all the Banks are reporting will we better be able to quantify exactly what the future holds and I can pretty much tell you ALL SHALE Producers are so..so..so.. screwed. That's a fact and you seem to be the only Villager who disagrees with the masses. How Unfortunate. And Lastly, FYI, Debt / Equity ratio must make sense from an investment perspective and it does not with the shale producers. just keeping it KISS
As per all your previous posts Fred, you and your investment advise have never made any sense, otherwise you wouldn't be posting your exiting of "WLL".
Your post makes zero sense because no one cares what Fred Deadwood does!
What you retail "longs" must understand is... What goes up, must come down; and it will. Personally, I've cashed out and am on the sidelines watching all the so-called Longs buying up these soon-to-be-busted companies. Earnings season is upon us again and I would expect No companies provide "guidance" because they can't. They don't control anything anymore and the Banksters holding those NOTES over the executives are really nervous. The Oil and Gas Supply going forward will be ample for many years to come especially when Russia ramps up and Iran re-builds their infrastructure to produce even more daily production. The U.S. is too stupid to figure out that letting all the shale producers screw up not only the water (fresh) zones BUT they subsidized an Industry they had no right to spend money on with tax payer money, AND in (5) years we're going to be importing oil from Iran and Russia and Venezuala because the Idiots running the Village have no idea what they are doing...... GL all, I'm going for a well deserved holiday and maybe we'll get back to name calling after Xmas or maybe not... LOLOLOLOLOL
All the shorts I know of are out with HUGE Profits and we're sitting back watching the Hedies, Retailers, Whomever shoot these share prices back up and then we'll Hammer then for the next fall. How do we know it will fall...because ! And that's what makes a market .... Your guess is my gain and your loss is your pain. Pretty Simple, So To All Longs... Please ke kind and keep buying for what goes up Must come down... (especially when these crumbie companies start reporting with zero guidance) :~)
Hey Heintzy...Earnings season has yet to begin and the Banks are poised to send "No Thank You" letters to all corporations who are currently in the Oil business seeking loans. When earnings season begins (shortly) and ends we will see ~$30 oil. If you also heard on the news yesterday LNG shipments have fallen off the map and are in pricing issues themselves so jump back into your bottle and this time, secure the lid. Your an Idiot!
Its what they did not say at the presentation you should be terrified of. Long term debt is UGLY, but more importantly Short Term Loans are about to expire..Hence the recent divestittureof assets.
They are in trouble and Oil will drop further and when it does WLL falls with it. The short term loans need to be serviced and the banks have left the building, and (this around the corner) earnings season will expose Pandora's Box of Ugliness and Lies and whatever else they can muster up to tell the the world what the world already knows. If you listened to whatever presentation they made, then you wasted your time.... GL
U sound as dumb as a lawyer..LOLOLOLOLOLOLOL. as hypothetical as the Judiciary and dumber than the retail investor who keeps throwing hail mary's into the stands asking the referee for a touchdown. What an Idiot !!! Oh yeah, thanks for your most charitable contribution to the Veteran's Hospice who sure appreciate your generosity ...BooYah! donation.
we were discussing Saudi Arabia and now you flipped over to N.D because your family has mineral rights and your blowin' high dough and pontificating about more gibberish LOLOLOLOLOLOLOLOLOLOLOLOL unbelievable!!
heintzy... this truly is the last time I respond to your posts of nonsense. All I will type is GOOD LUCK with your investment thesis cause it does NOT exist or is relevent to existing global economic conditions. Now... stay in your parent's basement and keep making those PB&J sandwiches and after the market closes, go walk the dog and breathe some real fresh air.
spill...Unless you've been there working and knowing their economics of drilling production and uplifting costs, your analysis is irrelevant. You obviously have never been there so I can't comment on your gibberish. You may want to refrain from expounding to the masses your lack of knowledge. GL