Just wish I could read these swings more precisely. Could have made 30%+ return trading APA in the past week. All I see is hedgies running the price of crude and oil stocks up on the slightest hint of news, then shorting them back down on the slightest hint of news. Selling on API inventory report Tuesday afternoon and buying on EIA inventory report Wednesday morning, or vice versa. Don't know when to get on the trade and when to get off but don't want to risk getting left behind either. How's a little guy supposed to make money in this market?
I didn't sell, because I bought only 1k shares in the low $2's for a bounce (having previously made a little money buying in the low $1's and selling in the $5's). Now HERO is a wart on my portfolio. I can sell the three shares worth a whopping $7 without paying a commission and apply the loss against capital gains, but how does one dispose of thirty worthless warrants? As "unpriced" securities, selling the warrants is not an option offered in my Merrill Edge account.
Why do you even listen to that windbag, snake charmer and carnival barker? You point out that he was wrong, which he always is, so why bother?
You have a lot of company among those insisting the dividend would not be cut. They may have moved to KMI from SDRL, where the message board was bombarded with the same denials, "But management said the dividend was safe."
Obama and the greenies have set North America on course for a disaster. Energy independence was at the tips of our fingers, and they have wasted the opportunity. Watch the weekly crude import numbers. Tankers are queuing offshore to unload cargoes. We soon will be hooked again on "cheap" Middle East crude, which isn't so cheap when the cost of US involvement in Middle East politics is tallied. Go ahead and put it all on the backs of unwitting taxpayers/consumers. January 20, 2017 can't come soon enough.
It's only a proposal, requiring cooperation from non-OPEC parties.
That comparison is unavoidable in terms of visionaries that dominated their markets, but remember McClendon's ultimate downfall was structuring deals for his personal benefit.
Share price need not retreat to zero, and no one is calling for repeated dividend cuts. Market often applauds fiscal responsibility of dividend reduction or elimination.
Look at NAT's dividend history. Fluctuates over time. You're spot on about mortgage REIT's, but all they do is borrow money to buy financial instruments. Let's keep the discussion to companies that provide a physical product or service.
A more straightforward way to calculate the equity to which you were entitled is determined by:
20M new shares issued / 162M old shares cancelled x .031 = .003
.003 x number of old shares owned = number of new share entitlement (whole shares only)
That's what HERO management said it would do, and that's what they did.