since our government is the world's biggest debtor the FED has every reason to keep rates low. I think the talk about raising rates is just jaw boning to keep the speculators honest.
more oil, more gas,less overhead and some asset sales. cover while you can!
I was referring to stoppedup not you. Your posts are generally insightful. Like the one today. Sorry if there was confusion.
Even after handing over ~17,800 acres to XOM, LINE will still have ~13,000 acres in the Midland Basin. These acres produce ~10,000 boepd. Also, these lands are estimated to hold about double—or ~40 mmboe—the proved reserves that LINE just handed over to XOM.
I think the long calls are less of a gamble than short term trading this stock. I have an order in for 50 of the line 17, 32's. I think it's a good bet.
most of the companies are running negative cash flows. when the ability to borrow or issue new shares stops so will the fracking.
under 70% of book value. if you are patient and they find some oil this year you will make some money
I hope so! I'll rent a semi and load up. When not if this blows over the shorties are going to get a big wedgie
you're right. boe is a misleading term when comparing deals. also there is some upside in the number of wells that can be drilled on the property.
anyone who trades on what shamer says is a bigger moron than he is. the guy is an absolute idiot and if he had any brains he would still be on wall street making the big bucks instead of a tv shill. I have started watching bloomberg in the am largely to avoid his nonsense.