I certainly agree with your general unease and foreign policy has been an absolute disaster. Between fed policy, healthcare, regulatory policy and foreign policy, I am as concerned and confused as to market, and individual stock, direction as I have ever been. That said, GAB is certainly interesting but my favorite "Mario" fund is GAUCX. I never even look at its nav. It just deposits a thousand bucks in my account every month like clockwork and has for years.
Unless there has been a change in coverage, BV, etc. of which I am not aware, I agree with lunco. (after recently rearranging the deck chairs, I am now way overweight in AI so if we are wrong I'll be crying big alligator tears)
Don't pay any attention to jon and "the market". It rarely is actually predictive as to particular stocks unless there is some undisclosed info known by a big buyer/seller.
In this particular case, the only known thing which has me a little troubled is the Scott platform limitation which essentially caps the total daily production from both wells. Even so, the oil is down there and will all be produced but at a somewhat slower total daily rate than it is capable of producing.
I'm a buyer.
In addition to the AGNC effect, AI is more thinly traded. I have been buying this morning and feel very comfortable. Well, at least as comfortable as is possible with this economy and volatile market. :-)
Congratulations! Lunco, you have long predicted an exceptionally positive report for AI and you were right! I just wish I had more of it. You are now my guru! :-)
If you check, you will find that this is the fredkane troll popping up again. He simply goes on board after board making silly statements trying to get people to think Fred is a loon. The only loon is the troll.
I agree - great news.
My only concern is the statement at the end of the PR about E2 providing "redundancy in producing the Company's allotted capacity limits across the Scott Platform". Any of you guys know what our allotted capacity limits are and if W1 will soak up all of our capacity? If there is no Scott capacity left for E2, what are we going to do with its production?
Could this thought be the reason the SP didn't take a bigger jump?
You don't know much about the awl bidness do you? Go on back to Noo Yawk Sitty and eat your pastrami. I'd rather sit in the patch and eat barbq.