Schlumberger Limited and Transocean will refinance three debt with negative money. Watch and learn board poop packers.
I cut off the NNA sale as pricing was going against me. I was using a UWAP order that spreads the sale over the entire market day. Ended up cutting NNA position 20%.
I read a article this morning about SLB going to refinance there debt with negative money. No reason RIG want try to do the same. Investors will settle for a negative return in exchange for a companies perceived safety.
I read another story about oil storage barge contracts being cancelled because traders think the downturn will last too long to make it a good investment.. I am cutting my NNA position in half at a loss .
Packer and Biscuit might be one in the same for all i know. I look past peoples warts for a glimmer of beauty and worth for my advantage. Come to think that was the essence of my career as a supervisor for Teamsters union members:)
Perhaps Mr.Packer was trying to generate traffic ti the StealingAlpo website where he gets paid for reads. But there is no excuse for demeaning name calling and bragging makes one look so small. I do think Mr.Packer was correct on his FSC call regardless of where he bought 121 or 121K shares.
Holding equel portions of UWTI and DWTI over the weekend is a play on a big oversize open and the swing to the other side. Past two week have been a break even.
I had some SCO and it tracked oil futures like it was suppose to and I sold for a small gain. Musky might be correct about oil stock decoupling from oil futures. I might take some profit while I stil have some. I would hate to ride it back to Dec 16 prices:(
I was at the Dog Park at !:15 with buy and sell orders long and short WTI. I made a little long and short and will save some for tomorrow. Sooner or later will have a big outsized open, hope it sooner.
MEMP hedges might allow them to continue there Distribution for years. Take a look at XOP a diversified non majors ETF. There are 83 stocks in its basket close to equel weight. Personally no rush to sink more Capital.
Iam waiting for summer expecting problems in securing working capital. MEMP has the best hedges and might be the one to nibble on. Currently out of all MLP.
Superman comic books in the 1960,s had Bizarro world which seems a equivalent to klumb world. Bizarro World was a alternate universe with everything categorically opposite reality .I once worked with a very cute lady who occasionally wore her Trekie uniform to work. I to miss Spock!
Mizesaw, your math is correct this time but your reasoning is skewed or stewed perhaps:) Trading can often provide a greater return , but why? The reason the trader can make a outside profit is the buy and hold investor provides stability to the market. Trying to talk other into trading like the idiot Pennyone would only hurt the traders return. It would be better if fewer people traded. Think about it and consider not talking about it. I currently holding PSEC collecting the Dividends as I think the proposed spinoff gave the chance of increasing shareholder value.