It looks to me that there is clearly something going on at ASYS ... a lot of insider buying in the last few months. Not sure if it is just robust business or something else. Clearly, there are ppl anxious to buy more ASYS
I am thankful that NE did not get caught up in the bear trap. As I have said and many agree, NE is the best of a what is considered a bad bunch, right now. This will change and it will be loved again some day.
So much for all the hype about no one needs oil any more ... drillers are skyrocketing higher ... now the fundamentals and technicals could be lining up for longs in NE and others
To maintain perspective, a holder of NE or any other energy firm, you need to have a multi yr view. Sure as night follows day, this scenario will change
Truly incredible the trashing NE has taken. Might as well be pouring $ down the toilet. I keep saying it can't go down at this rate, but it keeps going. Energy is totally despised and the deep water drillers are the most despised of the despised. No telling when or where things change. US $ ramping up does not help, but that should not be ruling the trend forever
It will turn NE into a rocket ship down the road, because the world has not changed as much as some would like to think ... the world needs hydro carbons to survive. The biggest worry there is ... a world changing technology for energy, but who knows if that will ever be found.
Lemmings sell as the price gets lower and lower ... can't take the pain or are over leveraged or just buy high and sell low ... or all the above
Was going to ask, if anyone else had checked on RIG contract status report. Not the terrible news some may have expected. The thing we need to understand, regardless of what sector, the mkt is always going to go too far up or down, before logic is re-employed. Deep water drillers have kick me written all over them ... which will provide extraordinary buying ops for people with liquidity to take advantage.
You are on to something, IMO. NE will come through. The need for energy is going to continue to grow. There may be down trends, but in energy you can trust. And NE is one of the better deep water drillers. Watch, when shale growth stumbles because of environmental issues or escalating cost
NE, ESV, RIG, you name em ... down they go again and again. Bottom is here somewhere, sometime
Have gone from 3.74 to 2.54, in the last 90 days. I wonder how accurate these forecasts are going to turn out to be