It seems that borrowing at 6% to not pay an 18% dividend would be a smart move. Does anyone know if there was any official communication by the company about this possibility?
One more comment on the Ruskies here. They were not at fault in the Ukraine in spite of what we are being told. The US would not tolerate Russia inundating Mexico with commie propaganda and letting it unite with Cuba as a communist protection group (ie NATO equivalent). We pushed then too far. Obama does not have the understanding to realize that Russia was not a serious threat but if you tease any animal enough it will bite.
I believe that nolic1944 subscribes to the theory that low oil prices are geopolitically influenced and that due to Russia's meddling in Ukraine, Syria and Iran they are being punished. Low energy prices severely impacts their economy which is 70% based on energy I agree in large part with this theory however eventually oil prices will rebound regardless of these political agendas.
Is that today's gain is sutainable. We are still woefully oversold. Based on the numbers SDRL should be trading at $30 in today's difficult circumstances. If oil improves we can go back to $40. All this can happen within one year if things improve which, with a republican congress, is not so far fetched (IMHO).
You sound desperate to drive down the stock price so you can get back in to make another $800.
No one is discussing the obvious. A republican victory in congress is good for the US economy. What is good for the economy is good for oil. What is good for oil is good for SDRL. The election results alone could take us back to $24. Now when the US economy starts to roll, watch out (IMHO).
I still have a position in SWN. I liked the deal when they bought CHK assets on a fire sale. The market did not. Time will tell who made the right call.
But I sold the balance of my entire position in UPL over the last few days, I am stunned and grateful that I have no shares left to suffer from Barclay's downgrade. I sold not because I did believe in the UPL story but because I thought I saw other opportunities open up that appeared even more interesting to me at this time and I needed the funds to invest. I would say that I can't believe my luck here but we don't know how UPL will be trading at a later date or if I will make it back in time to enjoy the ride up. I was not that lucky however, not all of my new investments are going so well yet...Also note I WILL BE BACK..
I don't know and neither does anyone else. I will say however that oil prices much lower than $75 are not sustainable and therefore we should be near the bottom for oil and for SDRL. Later this month OPEC meets and they are more likely than not to correct oil prices that have fallen too far unless thay want to continue to punish the Russians for their interference in Iran and Syria. Let's hope the Russians get the message. If OPEC cuts oil production and our dividend is declared for $1 at month's end we should be feeling much better soon.We shall see.
Rock's got a point. However here is where the smarter investor who has a longer term vision usually does better than his instant gratification counterpart.
Probably around $420 - $4.30 but the reality is we just don't know. It could be under $3.80 or over $4.50. Mother nature will control in the near term.
I love those negative articles. Blatent manipulation is my best friend. Loading heavily today.
I will not sell any XCO shares below $3.80. Period. I probably won't trade any even then. There are experts out there who have more tools and resources than I do. Heck, some even move the price themselves. I can't compete and win in that space so even though it is more likely than not that the stock will retreat, I won't risk falling off this ship. That's just the way I play. Not right. Not wrong. Different strokes for different folks.
Based on the lowered 2015 estimates at a P/E of 12 this company shoud sell for $32 a share by next year. This assumes lower gas prices for 2015. If I am management and am frustrated with the stock market I would be considering selling the company. Now I would never advise buying a stock because you think the company will be sold but it does add an interesting dimension to the investment.
What if Martians invade the earth or if the insects of the worlds revolt against the human race. Decisions are based on the here and now not the what if's. There are zillions of what ifs. We can also have a cold winter. It would help against the insects...