I done believe anything in the media about what will or might happen at the OPEC meeting. The Saud will do what they prescieve to be in there best interest. I doubt very seriously that any leadership is or will be exerted on any issue until after the next Presidential election.
I have read that deep sea wells produce for many years while the shale well fall off fast. there will be work for drillers when the odds are good. I doubled down on SDRL today when the Divy hunters evacuated. SDRL looks like a three or four bagger to me. Also hold the beaten down MEMP which is hedged well through 2017. LINE/LNCO seems to be held up in its big unsustainable Dividend. Oil will come back in time no matter what happens short term.
wisejman, I don't see SDRL or MEMP at this level being a gamble. unless one goes bonkers today i will wait until after OPEC meeting to buy again. I would like to double down again on both at some point unless OPEC "rolls over".
I will dearly miss KMP it was the best trade in my life. It performed like a champion. No idea how KMI will work. The shorts have given it a pass of late, probably holding large positions looking to dump and start whacking it again.
Everyone sell !!! sell !!! Operators are standing buy with the next owners on hold:) At $15 its a four or five bagger for sure. You Divy hunters don't know what a Cap gain is. As Gasfairy says "Watch and Learn".
Those that have SDRL will be a winner at whatever the price. When Oil turns the Divy will be reinstated. Options prices show no fear, Calls selling high and Put selling low.
Kel you might aught to buy a bit of SDRL shortly. I plan to take my own advice:) don't get too greedy at $15 I see a four bagger.
RIG looks like a three bagger to me said Ray Charles.
If Jim Cooper are anyone else wants to be a Activists Investor they have to control enough shares to appoint some members to the BOD. Throwing numbers on a MB don't cut it. Where I'd a Uncle Carl?
CRK does not look like a horse I would want to ride to war with OPEC. There is a chance that those that hold through The December Distribution might well not see another. They have assets perhaps there Senior Debt at a big discount might pay off in the future.
I added MEMP at $15.52 near close and that puts me where I was before selling off . Holding about one third of desired position. Looking for a OPEC disappointment to triple down .