Markfag oil prices went down for the same reason humon emotions of oil futures traders. It simply greed wrestling with fear. Greed is taking control over the fear. I recommend you double down a naked short position.
I will not touch a popular "good" stock. I only hold certain beaten down , corrected and cursed stocks. But of course my results for the last year stink:)
.... please consider CHK as a upstream NG play. They hold 4 bill cash to weather the storm. They might be good for a takeover by a major oil company wanting to strengthen a NG hedge to oil, like Royal Dutch Shell just completed.
I wrote it off last year and took my loss. I bought back recently when she tanked . I added today at $8.954 when my $8.90 bid did not fill. IMO it's a good buy in this range.
its is possible a oil major would like to acquire CHK to diversify into or strengthen there NG position ,much like RDC did with there crescent acquisition .
I bought half back of CHK that i sold yesterday for a 47 cent gain . I consider CHK a hold for oil recovery with trading. Bids on FSC and MCC don't look like they will fill.
Sorry but companies usually don't go around addressing rumors.
I sold some yesterday and will buy part of it back today.
With PSEC there is risk and reward to balance. I sold 3/4 to cut risk and will go for the reward with the balance. Too much up in the air to guess how it will work out. I consider all BDC as trades. I,m in PSEC longer than anticipated due to being blindsided by the Divy cut. It took some effort to get green again and the Spins might generate some interest for a nice pop:) but also might not:(
The great PMBull oil chart has been updated. It now shows Brent and WTI in real time and a list of the oil ETF and how they are performing but it does not show the ETN,s. Excellent real time chart brought to our attention by Slicktop.
Slick-jr, Uncle Carl and I think CHK would make a good hold for oils recovery. I held on to 1/4 so the Distribution will reinvest into cheap shares .
Biff, Thats me. I have not looked at NRP in a year last owned at $20ish . NRP looks sad:(
It did come to mind if a competitor of Apple wanted to hurt the company they could give Asschew 100 shares of AAPL with the stipulation he had to hold for 10 years. Tim Cook would be begging for mercy:)