MAIN traded in the $20 to $25 range for a very long time and can again with a hiccup. I sold at $31.16 Wednesday and would buy at or near $28 given another opportunity. Just sold my MCC for $9.72 that leaves me with GAIN and PSEC. i cant see MAIN as a long term hold its too good as a trade.
The key wording in the article was about considering future cuts and nothing definate. The Saude would love to jack the price at full production.
WSJ this morning. The CEO of Saudi Aramco said he was considering cutting the production and exploration expenditures .up to 25%. The low price is squeezing them at bit.
WSJ this morning: Saudi Armco CEO Khalid AlFalith announces considering future spending cuts on production and exploration of up to 25%. Does this mean anything? Perhaps or perhaps not! Too early to tell.
I expect bad earnings because we are in a bad oil market situation. I look to recovery in the future and a big Cap gain.
Biscuit is not on a spot. He sticks to his template and posts the SOS that all the weasels do. He will be back on a downturn to continue where he left off. It's a waste of time to communicate with a weasel in a serious manner. Certainly meant no offense to Mr.Holly.
Jeff, Trouble? Like going to the Principles office? Grow up,play your cards and move to the next hand. It's not a one inning game.
I misunderstood your statement. Personally Ian in about 10% of the oil I would want. Diversifying with ETF a a few small positions of individual stocks. Everyone is waiting for a big buying downturn so there might be be one . It could be a slow glow over a long length of time or the usual quick spurt,no one knows. So be in but not near all in is my stratergy.
Oil experts guess WRI between $10 and $200 in 2015. It might touch both, no one knows. The best guess I'd the Barron's Energy Round Table was $65 top in 2015. I would rather be long on oils recovery averaged in over time and not worry about what the low is. The low will last about 5 seconds and the MB,s will be full of people who say they hit it. Good luck with Linn Energy.
My Fidelity screen brought up three Bonds for Transocean
cusip 89380ak5 last sold for 100.35
893830as8 last sold for 97.2
893830at68 last sold for 81.00
Does not look like a bondie fire sale to me. You cant believe anything said on any MB. Learn to do your own work. Best to ignore any MB because they do not serve your needs. Watch and learn.
The Record date has nothing to do with the Dividend payment. You must own the stock at the end of the trading day,including AH, on the Ex Dividend day to get the Dividend.