"You'll be lucky to see oil over 60. down to $30."
wow.. I guess OPEC citizens will now have to illegally migrate to the US and get on Obama's amnesty welfare plan..
"repukes do nothing to stop him"
???.. They've been fighting his policies since day 1..
I got out of the majority of my US Oil plays and went further north to Canada.. US is getting what it deserves for voting in this inept admin..
If it drops to that level then I'll add again.. buying small lots.. There's always a possibility that we're very close to a bottom and may never hit $11-12.. Other drillers with divi have more to fear than SDRL at this point..
Outrage started years ago.. We are at the mercy of inept leadership.. We're are now going to destroy one of the biggest boom the US has experienced in years..
I also added at $14.42.. started a position on Wednesday should have waited til today.. Production will continue even if the producers can barely break even at least until sentiment turns around..
One of the biggest recessions since the depression caused Oil to go into the $30's and it was for a nano second.. Coal lost the war with this administration and it's demand is unlike Oil's demand..
Not focused only on the negative.. as everyone is focused on the positive.. I'm trying to to bring up important issues that may affect if and when I should jump back in..
The potential is there to win some huge cases giving longs a significant raise in PPS.. So the question comes to mind will they need to raise equity before these settlements are announced?
They don't have the time to do DD on every company so they have a SELL ratings on every stock that are close to 52 week lows and BUY ratings on every stock that are close to 52 week highs.. they are performance chasers.. I can stick my head out the window and see that it's raining.. The Street never recommends risk.. the street is pretty useless expect for all the overwhelming advertisements that infest there website..
Of course they do and other investment firms.. instead of fighting them we should have bought stakes in their company's equity.. They all allowed to manipulate so why not reap the rewards without the legal obligations..
Some took profits on the big run up before the hearing.. It's fine to take profits since management keeps everyone in the dark except for the equity raise.. It's truly just a gamble for today.. long term could be a great investment.. good luck..
I agree David that it could be a short term concern.. I'll begin another position "if" the settlement is delayed and then allow any dilution concerns to get baked in.. I could be missing a monster move tmrw but I just don't want to be on the flip side if there isn't.. big day tmrw for the short term view..
I'm trying to understand myself as I'm not a financial expert why would they need to raise equity if the settlements tmrw are so large as to take the PPS to $15- $20?.. I'm just trying to have a rational discussion not trying to be negative.. I do want to invest here again just looking for another entry point for a longer term view..
If settlements were that large I don't don't they would have announced a need for an equity raise yesterday.. I'm not trying to burst anyone's bubble here just trying to be rational and looking for some answers to many of the unanswered questions so I can make a rational investment decision.. good luck..
"it is not worth the risk"
Ok thx for your opinion.. now if u can plz move along you made your point.. find a stock that's worth it and make some comments there.. thx
Adding more at $1.43.. not worried but concerned.. I'm willing to take the risk..