Note if you just like oil I like EPE and AXAS. Oil transport .. STNG and NNA. I know its a UPL board but just throwing out some of my other investments...
Oil is starting to look like a bottom is forming. NG is still out of control but sometimes the best time to buy in is the most risky. It is still not too late to jump in but I am waiting until the storage reports show some NG production decline. I would rather risk missing a boat than sinking on one. Still, it is tempting..
I would still instruct you to cover. If you shorted at $22 then I would cover at least half of my position to lock in gains and take them off the table. UPL is a buyout candidate and is also probably alot closer to its bottom than its top. Still, I agree that unless the NG production juggernaut slows, all in this industry will continue to suffer.
Today UPL is probably just tracing back from some recent price appreciation but 98 is not bad compared to what it could have been based on recent trends. Maybe, just maybe, the juggernaut of production is starting to cool. We shall see.
The market gets a chance to change its opinion about NG when the storage reports come out. At this point there is a good chance that we will have another 100+ storage addition. If so, then UPL continues on down. An addition below 80 could change things, but is unlikely to happen. A 110+ number could bring UPL under $5.50 and SWN and CHK would probably also hit new lows.. We will see. My current guess is between a 95 and a 105 addition. My errors in the past however have been to underestimate the NG production juggernaut.
Please stop these ridiculous posts. You are no better than he when you post like this. It's not that I disagree with your feelings about him, but this board is for posting about UPL, the industry or the market. Anything else wastes everyones time.
Seems to pick the best times to remind the market that there is a great deal of money ready to purchase STNG stock. It should keep the shorts from feasting too much during the current market downturn. It also provides a bargain purchase for the company when shares are purchased. I am glad that there is so much powder still left to buy more stock.
All true. The question now is how much damage is already baked into the stock price and is it oversold.
WPZ is a pipeline company. This has nothing to do with drilling and exploration companies, There is no "floor" being established. A fool and his money are soon parted.
Investing in UPL at this time when NG production is still out of control is a gamble. It would be a better gamble if oil prices started to recover because everything in energy is intertwined. Oil prices may indeed recover which would help UPL and the gamble may still pay off but I don't see UPL as a solid investment at this time. Therefore I am still bearish.
Next time remember some key rules of thumb. Don't fall in love with a stock and sell when down 15%. Finally don't average down. You can re-buy a stock after you were forced to sell due to the 15% loss rule but reinstate the 15% loss rule on the new purchase. It's a better way to find a bottom. I am no genius. I learned the hard way. My sympathies to you.
I am new to NNA. Just got in today. The company makes good money, has a nice dividend and appears to have a promising future. These small cap stocks can take a beating, but unless I am missing something todays sell-off presents a good opportunity to get on board.
Management is not overly concerned about the stock price, nor should they be. The concentration must be on the survival of the company in what promises to be choppy wateres ahead.
Unfortunately I agree with your post. Things are not looking goog for LNG presently. The long term contracts should hold up the company untill better times but near term the sustained low price of oil is killing this industry. I would not be surprised to see GLOG under $10 in spite of its long term instinsic value which is well in excess of the current stock price.
Though it is usually a mistake to predict the price of a stock on any given day, the trend line does appear to be in a position to trend down based on the storage reports that are being released. The reason I stay here watching is because I know the downward trend can't continue forever, but I have to say that a 106 addition really looks bad for the moment.