Hi David, it's only 75 degrees today for a high, very comfortable weather. Going to 90 this weekend for the first time this year, but I have my pool open and ready to go! Need a boat now to cross the lakes :))
I was out of WNR for a time also, but I'm back in and as I stated, we should see higher prices ahead. I think margins were still good in Q2. However, they are coming under more pressure in Q3 .
Glad to hear you took in some profits!!!
Hi David! Of course everyone remembers you, especially over this Independence Day holiday weekend. Thank You for your courageous service to our country!!!
Well, Jet and I are still invested here. And, of course, Henry is still here to voice his bitterness and hatred. Poor old man will never experience a joyful day.
WNR looks to be taking off now, should see it in the fifties soon. GLTY
Thanks for the info. on VLO, I'll take a closer look.
Today, crude dropped 4%, WNR rose about 4%, and the shale driller PDCE dropped 4%. Things are starting to look more logical.
Have a GREAT holiday weekend!
Actually the average Joe is quite invested in stocks. Some of the problem is lack of more funds to invest and also, fear of a correction after almost seven years of a bull market. And then there is the world finance problems and military concerns everywhere. What's not to like!!! They say the US economy is strong (according to gov. data), things should get better, right?
I do think WNR is headed to the fifties. Lower rev's but increased profits, should beat the analyst's forecast for Q2. GLTY
Hi Jet! I'm still hanging around. Currently own 1100 share of stock and no options. A few months back I made the mistake of selling a good shale oil company, PDCE, and buying WNR. I thought WNR would benefit from the cheaper crude prices and PDCE would come under pressure from depressed oil prices. What happened??? PDCE increased in price and WNR has remained stagnant. My plan was to hold WNR until late summer when WTI storage would become a problem and oil producer prices would drop. That would have companies like WNR awash in cheaper oil supplies. So, late summer was going to be the time to switch back to PDCE and in due time sell WNR. Things NOT going to plan so far. Still looking for that drop in crude this summer.
What are your charts telling you? GLTY
Thanks Jet, I sold the options late today and made a nice profit on both the $44 and $46 May calls. That was a down-to-the-wire call, but it paid well! Still have the stock shares, so hoping for a continued rally. Cheers.
Jet, I started buying back in January when WNR briefly dropped below $35. Been buying both stock and call options ever since in the $35 to $45 PPS range. Back then I got out of shale drillers (PDCE) and into refineries. Figured that was the way to go given the cheap oil prices. Hasn't worked out exactly as expected, but just OK to-date. I agree with you, WNR's Q2 should be a door buster!
Hi jet. The show and tell today and tomorrow should help. I would welcome another good day tomorrow. I have $44 and $46 May calls. The $44s are in great shape, the $46 need a little more help. Going to be a close call :) WNR should be in the $50's, not sure why the pullback other than US crude being higher then most expected. GLTY