Fear.. Some believe it's not a forgone conclusion.. some refuse to understand that not bailing out Greece would be a disaster for the EURO.. Both sides know this fact I added at $1.41..
It's pure speculation on my part as is my purchases at these levels.. As an investment I lost done deal... look at LL tmrw morning individual companies are too risky.. From this point on new investments will go into ETF's such as OIH which I started a new position at the lows..
It's a risky speculation on this equity for many obvious reasons including whether SA's other 2 rigs are in jeopardy; however, that being said if somehow or even most likely that if contracts get renegotiating to reasonable terms this can spike back to $.90 in no time when that headline gets printed.. Then you have the speculation of the newer rigs getting contracted or possible assets sales... So at $.45 or below I'm speculating and adding.. Can it go to zero?...sure but not anytime soon it will take a decent amount of time for HERO to come to a conclusion that it will not be able to meet its debt obligations.. plenty of time to get at least a 100% rebound from these BK prices..
Miskeen, I've road the HERO wave successfully 3 times since 2009.. made some nice profits including some premiums from call options; however, this forth wave did me in or it looks that way unless we get above $1.75.. I only post when the company goes thru a moderate or extreme event.. I also have a second username for other practical uses in Yahoo that I may have used in the past.. I guess international contracts are not written in stone and my understanding in foreign affairs may be limited, honoring cancellation fees for example? or maybe a ploy to negotiate?.. Reason why Ryan made the announcement of the 261 instead of waiting for the next fleet Report? It doesn't look good after carefully reading every detail of the latest events; however, at $.45 cents I'm willing to buy and take the risk that Ryan may weather this vicious storm..Sorry to hear you sold for a loss many of us didn't see this freight train coming towards us as a matter fact many well know successful Billionaires got their heads handing to them along with us small retail players..
Does HERO have any chance of enforcing reasonable legal obligations with Saudi Aramco Contracts?.. Does SA care about having reasonably fair and balanced relations with the International community especially with the US? or is it like dealing with China?
We have an administration that supports extreme environmentalists and that is inept.. so you can scratch that idea..
Thx Fugitive.. Either way they still get paid.. But yes all will be the better if we finally get some wins or for shareholders a better buyout offer..
This has become a pure speculation play.. if you want an investment buy an xom.. If you're willing to speculate then start a position and scale into to it..
Yep I bought and sold Hero 3 times and listen to that guy moan for years and he finally capitulated... He has every right to be upset but he will still moan and now trash it to no end.. Now if HERO survives and rebounds a couple of 100%'s he will no doubt lose his mind completely.. So for his sanity he needs HERO to go to ZERO.. I would just walk away and move on, he can not as he has too much invested in this..
At this point the price of Oil is not so much the issue.. It's all about HERO's contracts old and new.. If we can renegotiate the canceled contract we can get back on track.. If we can obtain a new contract from the newer rigs that would be a game changer.. So at $.45 the risk vs reward here is worth taking..
Well I have 8k shares mostly "loaded" from these past 2 days.. since it was always a spec play for me I would only buy shares that I could afford to lose... I'm willing to add up to 10k.. touche giggles..