Yes 55 billion in revenue, OIl and Gas are not going to stop flowing despite the hysteria about over supply. This will interesting to see how this play out. Could be the buy of the century or we all lose out shirts and talk about the great pipeline debacle.
Between the short trading, bad press and general fear this thing has become insane. I'm not sure if anyone is understanding all the day today ramifications going on with this.
The guy is an #$%$.
yes I think we are saying a glorious example of that, I am seeing dome of this in the bank stocks I own nothing has changed yet some are 3 dollars down in just a month.
Robert must be going short today, did he buy few 100 thousand shares before he came out with this, what a scam. I'm in at 8 something and this thing can't seem to hold.
12 million shares sold in one day with an average of 2.0. You #$%$ idiots in the SEC need to get your heads out your #$%$, or no one is going to consider the market as realistic. Which case people will bail, hate to see what that would look like. Might as well go to Vegas or put it under my mattress. I don't own any of this but been seeing this #$%$ going on all over the market.
Yes it's total horsehockey, stock is not looking that bad, even announced a payout. And the #$%$ heads in the SEC just do nothing. They need to fix how stocks are traded, more then 5% change or so many shares more the average and the stock stops trading. I know this will never happen so the best we can do is go along with the scam, could be a buying opportunity in Monday.
I agree to some extent but an 80 dollar drop in the first 10 minutes. Really, how are stock prices evaluated. A avalanche of sells and the price collapses.
Not sure if that would help. The cat may already be out of the bag, high speed computer trading is killing the average investor. I have seen no real reason why some stock have been beaten up when all the financials look good. Other then it just being picked on. Low floats are an easy target. Any stock the drops more then a certain percentage should be suspended from trading. Or a good practice would limit the number of shares traded, how many times have seen stocks go up just have it traded to death going short.
I have to agree on being over valued I guess it's just that, how do things so so over valued that it all just crashes in one day. Seems more like manipulators are making money on the pump then get in on the short. I know we all need to smarter at times. Never owned this fir that reason.
40 Millions shares sold all of a sudden on no news. I don't own this and I know it was risky but really. If the market is not seen as fair people won't buy in. I have lot's of cash but it won't be going into the market.
Remember the bank mess, if you bought in on the bottom you would have made a ton of money. Oil will always be needed. Big money stockpiling, it doesn't go bad and cost nothing to keep. Exports going out. . Just need to give it some time. Hard to figure that they say world supplies are only 30 years yet we think we have lot's today don't worry. Just don't go to narrow some of these companies may not survive. One word on the Arabia or Russian cutting output and everything will spike.
I guess it's the merger and people don't have a good feeling for management. Shorts tend to pile in on rumors and such. Same with MSL it's getting banged down but it's showing good returns. Getting 3.8 percent return on the div so I'll just wait this one out.