North America has a structural LNG cost of around $3-$5, while the rest of the world has a structural cost over $12 (and they continue to use more natural gas than we do).
Any business associated with LNG export is going to do very very well...
It seems like all Carson Block does is take a massive short position, then release an article he wrote, then cover and walk away. How is this legal? How does the market fall for it again and again?
The stock has come back to the price range from before when the dividend was reduced in half. Does this mean that the dividend is expected to be restored to its former level at some point?
The existance of an investigate has no legal or material effect on buybacks. A company is free to buy back shares in an announced plan anytime outside of the lock-up periods related to announcement of earnings and a few other events. All of these events were met.
RR stated he wanted to pay off debt first, it was a stupid decision.
Doubtful, a more normal number of optins in the $8 to $9 range would have cost the same and provided protection from a realistic drop.
This was a massively leveraged bet on a +50% price drop. That is unusual.
Someone needs to figure out who opened that 55K short option position for around half a million (at 0.10 per option). That was an absurd amount of money to just toss out.
It had to have been connected to whoever keeps running the hit pieces. My guess is this time even bloomberg pulled the planned article at the last minute.
55% of the public float is shorted at this point. Roughly half of those shorts were placed after the deal fell through and placed under $12, so a good portion of the shorts are underwater now. All the funds have to do is call in their short positions and this thing goes to the moon.
RR was stupid for not buying every share posible under $11. He should have eliminated 8-10M shares. If he did that we would be looking at a ~75% short ratio and the shorts would have been devastated.
After seeing that 50,000 Oct 2013 6.000 Put options were bought last week by someone who is obviously a genius, I bought 5,000 of them myself at $0.10 each.
Now there is no bid for these options and I can not sell them and I have lost all my money, what do I do???
Because the FED's game is to print to infinity, while at the same time saying they will stop very soon, we promise.
PMs are down because the FED today said today that they will stop soon, we promise this time.
Once the market finally realizes they are full of it, and will print forever, that is when the fun will start.
This is the exact same as the last attack. Only lasted ~4 hours before recovering. The short attacks are out of room.
Good luck to the fool who purchased a ton of $6 puts yesterday...
The fact that in the last attack, the stock tanked 5 minutes before the bloomberg article came out is clear evidence that it was a coordinated attack. Someone definitely front ran the article. This is clear cut case for the SEC. If RR is unable to get an investigation going to end this, something is wrong with him.
Read the last quarterly CC, RR said that he is focusing on paying down the debt first, which is absurd IMHO. He should just buy back every share possible below $11. He has the cash to do so.