That is just enough land to show it is good and make people pay attention to value. Have many shares before the deal.
companies average down just like many investors here. These companies paid three times as much for resources two years ago. That's why ICON sees value. The sector is at multi year lows. His investment brings in three to ten times the money from retail ...... They buy for a 1/4 of the price paid a few years ago. Buying 80 to 90% reductions in PPS.
ICON and the Barron's piece was part of the pop yesterday. These are coiled and priced for break up. ANY good news and we double. 1 billion in deals will sail this boat.
at the historic lows and surpluses is where the buyers what to deal. The debt is nothing for a healthy commodity price. The big fish know this and can wait the cycle out. With their accounting they can price it where ever they want on their books. Take the write offs. It would not surprise me for them to get a deal done . Triple the share price here would be nothing. Shorts and bashers have over looked the 700 million in deals the last couple years. This is a prime time for aquisitions
Isn't the short ratio about 20%. Many oil stock were running up 10% today. Mhr was up 60%. I can and Barron's gave a boost to the sectot
I just averaged down also. Something I never thought I would do. The closing of the shale fields could be soon. Some of these shale fields are keeping up with Arab oil cost. The push had started for the money flowing back in to oil. Barron's piece was xlent. Value dividends, inflation hedge and one of only few sectors under value. This will double again in a week or to.
The only sector of value right now in the markets. Capitulation anfvthe bottoming process has started . value and the biggest dividend should wake people up again as they were she'll shocked. Icon buying into chk was just the start.
Higher oil coming to you via commodity ETFs and capitulation. The only value plays left wit big dividends. Inflation hedge amnd true value. We are near a bottom and ride up
Commodities are the only value sector left, good dividends, capitulation, bottom fishermen, over corrected, our shale producers are bringing it up as cheap as any.
Refining,shipping and politics , their cost are close to ours. Then you have the war premium. These Arab states will be killing each other as they will make their people suffer.
I think 10 dollars is still way to low out of the ground.... This is propaganda. Barron's had a good piece with there Monday edition. Commodities including oil are cheap and showing signs of capitulation. That said commodity and oil etfs may be the ay to go. We are in or near a bottom.