I don't know. NBR is holding up very well in spite of the oil weakness. In fact up 30% of the lows. Very resilient. I was hoping to pick up cheaper shares. May not happen.
Agree. Good chance of WTI going below 50. Inventory and production levels are still high.
I don't think oil bottom is done yet. So I would think there is at least one more opportunity to sell it and buy it back in 70's. But obviously one has to be nimble for that. Thoughts?
You have to be prepared to average down with this stock as opportunities present themselves (or as players take periodic dumps:) and along with the dividends you come out ahead over time. And, yes, of course, we have a 40 dollar price target to boot.
Surefire way to get frustrated -- buy gold or gold-related stocks and keep watching its every movement.
Good to hear from you Goldman. Are you still optimistic about Yamana? I am wondering if the lower oil prices (and consequent lower opex) will make an immediate difference to the performance this quarter.
Please don't be a stranger. Keep posting when you can.
He is being pushed by Mr. Market now. Let him try fighting it with his N weapons. It is all poetic justice!
That is exactly the point Clapper. It all has to do with your timeframe. You needed the money and you pulled out. Other people could afford to wait and they hold on. I don't think anybody is right or wrong.