Getting out of my long position with a small loss. If WLL can't rally when oil does it is doomed. GLTA.
might correct back up a bit before it declines again.
Famictech2000. Send a check to your brokerage account. I took all your equity and they still need more to pay me off........
Doesn't matter. Price of oil is 50% of what it was whether there is more storage capacity or not.
Premarket often overdoes things for a while. Who knows I may end up long for a while today. So if you see me talking about oil going to $100 and WLL to 80, you'll know why. LOL.
Taxes on all those gains. LOLOL. Those gains just keep piling up.
Lots of uncertainty and unanswered questions.
You've walked the walk and talked the talk. Good job. A few have known for a while that the debt will eventually get this company. Watch out for CLR and OAS, maybe TPLM. But I think WLL has a long way to fall. This isn't progress, it's merely survival.........for a while. There's those darn ..... again, lol.
True. Have a short position in OAS too, as well as CLR. OAS is down about 8% today so something must be up there that we'll soon find out. Could be an exciting week in oil land.
Might be the beginning of the end for some of these companies as we know them.
Keep thinking about this. Why would XOM do such a crazy thing when they can wait around and pick up individual pieces without the debt. Companies such as WLL went down a perilous path when they took on all this debt on hopes of 100+ oil forever and ever.
I hope you felt really important overnight.........because this morning you just look like another desperate liar. Never did find that link did you?
I've been taking a break for the past 10 days or so. Buyout talks do strange things to stocks. But WKK has risen back to heights that I think are too lofty. Still debt problems and oil price problems. This recent runup is tempting me to get back into WLL on the short side. OAS and CLR also look weak. Just my thoughts. In the meantime, I've been on the long side of CLDX and NIOBF and looking at LAKE for some good earnings coming up. Not oil stocks, just other stocks. GLTA, I'll probably be short again soon.
If it stays that low, we will have an interesting day Monday.