All true in your case, but what I posted is true for my case. I don't downgrade you for the way you trade, why downgrade me? No reason for personal attacks.
We will NEVER have energy independence nor cheap energy as long as a democrat is in the White House, end of story.
about 15 months later KOG has fallen from $14.10 to $12.58 and the rah rah boys are out in force telling us all what a great company KOG is and what a great stock it is. Laughable at best, sad at the worst.
Nice to see it up today with oil skyrocketing and the Dow in triple digits. Odds are better than 50-50 it will lose all of today's gains tomorrow though.
A trader's dream and that is how I trade it too.
The real question here Symon is of that $1.6 billion that KOG has borrowed what have they paid back? And to say that for them to borrow that much they must have excellent collateral worth at least twice that much indicates that the banks were never in a crisis in the last 6 years because they knew what they were doing. Almost fell off my chair writing that sentence LMAO at your statement.
Bottom line is really simple. KOG would be bankrupt if oil had stayed at $80 or lower. Management was saved from BK by oil prices of $100. Now with oil skyrocketing thanks to Obama's endless screwups folks are buying ALL small oils and KOG is enjoying a rising price because of it. If oil goes to $125 KOG could hit $17-19 I would guess. If oil goes to $125 the economy will crash within a few months and oil will crash with it and KOG will be in a position to fight off bankruptcy.
So, to answer you question it seems KOG is worth about $14.51 to $15.50 with oil at $107. With oil at $100 KOG will drop back to about $13 and with oil at $125 KOG will trade around $18 until the economy starts crashing.
Thanks for asking the question as that gives one the opportunity to clear the picture up for folks who have rose colored glasses or no glasses at all.
Looks like Peterson is once again to blame for KOG flaring too much gas. A good CEO would never be caught in such a position. But he will get millions in stock options for his shareholder unfriendly leadership and the gas flaring will cost KOG big time it appears.
Have you ever heard of STUPID? Because you folks who ignore the reasons for Peterson's constant missing on production numbers are totally stupid. You can't read between the lines. So you simply badmouth those who tell the truth and inform the ignorant of what is actually happening with KOG and why it happens. Shoot the messenger is your mantra, to hell with facts. How much does Peterson pay you a month to cover up reality Welbie? Just once, inform us all what he pays you.
streets folks, it's the only way to fly.
Look at the averages. Lots of money is selling and they are selling everything. Smart money is worried the market will collapse when the Fed is done printing. Did you see the manufacturing numbers this AM. They stunk. Supposed to be tons of pent up demand because of the bad winter. Nope, all lies.
would be normal for anyone who bought on the big after earnings sell off. I think this might be a one day event and tomorrow will be a positive day. That's my reading of today's actions.
I should have sold at that double top I commented on and then waited to buy back in. That' what a trader gets when he decides to play the "buy and hold" game.
Even you are not stupid enough to realize this market rise has nothing to do with Obama and everything to do with Bernanke. A very strong point could be made if we had a business friendly president in office in stead of a Marxist when Bernanke was pumping in the big bucks that our economy would have grown by 5-8% a year instead of the 1% and the Dow would be over 30000 now. But the Bernanke era is coming to an end and so is the "good" days of the Ponzi induced market rise. Prepare yourself.
So, what's the chance Peterson actually beats one of his production predictions? If you bet ZERO you at least have the odds with you.
ZERO if Obama's "leadership" has lead us into the next depression by then. You will see oil spike up big time when Iraq falls and the world's economies can't take it. A depression will follow. Obama is the worst thing that ever happened to America and the free world. Prepare yourselves for what's coming.
I see the boards fool showed up. He is on here non stop 7 days a week. That IS what paid pumpers (and paid basher's of those speaking the truth when the truth is not flattering) are paid to do. Ole dumbmont works overtime.
LMAO. "KOG will be swallowed up". Yea, right. That's why when they traded in the $9 range in the last year NOBODY bought them. Keep dreamin....................
They will only give 1/2 as much to the democratic party Win and only vote ONCE in the election instead of two or three times for the democrat on the ticket. That's how they will "take it".
No sooner posted my facts then demont comes on and proves me correct. LMAO at you demont. What a tool.
on that trade and sure thought I would be buying back in near $13. Must be a buyout rumor circulating. Lots of volume for a change and the biggest move in a year for one day it seems.
were trading the day before the announcement? It appears from my google search the answer is very close to ZERO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!