Obozo is doing his part by asking for a special $10 a barrel tax to fund clean energy. XOM is probably the only company that can pay the tax and stay in business.
Next week LINE/LNCO can double and or go a Dime on multiple occasions .WTI movement and a good word from management could fuel the rocket. Have not touched this stuff since $20.
ryojec, I looked at your post history in 2011 and you were buying into Jades every brain fart. Perhaps your the only one to fall for the pumpty dumpty?
I bought LNCO for 34 cents. Down a penny, SELL ! SELL ! Call it a deep value play.
That a Hillary Clinton quote is it not? "Iraq has weapons of mass destruction and I've seen them" Now let's roll boys!"
CreditSucks, Downgraded MMP to neutral with a target of $70 dropped from $80. This might be fair as MMP has sold off just before $70 for some time. I always sell $70 Call and collect the premiums. When oil rebounds it will be upgraded a few notches as it foes have some commodity exposure to its finished products. Hopefully it will sell off to $50 but I doubt it.
Creditsuks,downgraded to neutral and put the target at $70 from $80. That might be fair at this moment on the target of $70 because it sells off just sort of $70 time after time. I usually sell $70 calls and collect the premium. When oil prices pick up it will earn a big upgrade for sure. I hope fools sell on this and drive the price to $40 or whatever . Some who bought in the $50ies not long ago might take profit and try to buy it back. I bet the low lasts a millisecond.
I watched my oil (MMP and EPD) and industrials (ETN and JCI) take off last two days and read a Zacks email about a sector rotation into oil and industrials . I do wish REIT/BDC would have there turn.