It's easy to tell who is a Troll on a message board. They fill their posts with things like "LOL".
It's a cyclical industry. You make money when you buy low, and sell high. You first have to buy low. Maybe a good time now, or over the next 6 months? It's too late to buy low when the price goes up by double.
I'm all done in my life selling at the bottom. There is a point to sell, and a point to buy, and a point to hold. Its pretty late to sell, unless you like being the capitulator.
Nice insight. I got some NOW shares in the spin off from NOV. Just checked stats on Yahoo. NOW has no debt at all. Revenue over 4 billion, market cap a little over 2 billion.
That said, the more than 50% collapse in the price of crude is going to cause big drops in revenue for oil service companies, incl NOW. But I agree that going forward, NOW will do well. Might take 2-4 years tho. Need to read more company reports, see how much market share they have in their product lines before buying more.
2) SDRL cancelled their dividend already. RIG is next, not that I'm happy about it. Maybe Carl can make them only reduce the divvy, but it has to come down.
Please learn this lesson now, at this point in your investing life. I have sold so many stocks at the bottom, or on a major pullback. Granted, SDRL will prob. not get back to $40 in three years, but then again, it might. Dividend will come back at some point. Patience, grasshopper.
When there's blood in the streets, wait until the shooting stops before leaving your shelter. It might be your blood in the streets.
un-huh. That's what I've been saying for months. I was too damn early. Wait for it to bottom for sure. Could be $15 at this rate, or even $10 or $12. Gonna squeeze out a lot of weak holders before this is done. But it ain't goin' BK.
I thought the old adage was "Sell in May and go away". That being the case, and the fact that from now into May is normally the strongest season in the market. If you sold in May, you should be buying now, not selling.
what about all the huge growth of coal use in India that everyone was crowing about last year? DId that evaporate, or is Goldman betting no one remembers?
Can you make the basic case for owning SDLP compared to SDRL? In many holding companies diversified plan, it is the Partners/MLP entity which has the higher dividend (distribution). In the case of Seadrill, the parent has the higher payout. So other than that SDLP is an MLP, why own SDLP is one already owns SDRL?
(Disclosure: I own SDRL in a retirement account, so I am already tax sheltered to some extent, until I begin taking payouts, hopefully with lower tax bracket)
thanks in advance
I would like to see the link to where Obama came out as openly gay. And I didn't vote for him- just like to keep things factual. It is true, however, that he is actively trying to torpedo your investment in coal. If you have one.
a LOT of patience. Just read UBS report on BTU earnings report, and they project losses into at least 2017. They do say if met coal spot prices go up to $150/ton, then BTU share price should rise to $20.
I have sold all other coal positions, and only have BTU now. Peabody is large enough to survive this attack on coal by Obama, and the survivor companies will eventually do well. But part of the current balance sheet problems for many coal companies is that they bought too early in the consolidation of the industry. That meant they paid way too much for distressed assets, like ANR did for Massey.
I don't think almost ANYONE realized how bad it was going to get in this downturn, or how dedicated the current administration was to absolutely destroy the coal industry.
I have owned X over the past several years, as well as ANR. US Steel has been actively transitioning to nat gas to make coke, instead of Met coal. Not sure what percentage changeover they have made so far, but they have made significant investment to make this change, and they reported expectation of saving HUNDREDS of millions each year.
I should have sold ANR when I read that. Didn't.