I was trading it made some nice monies but you are right should have put some away. Right now the markets and CLR are moving on oil and the Fed. Today's move above $48 seems a bit overdone but we will see because right now oil is flying since about 1:30pm.
Let's see if it holds. This is why this is a fun trading stock but I'm not sure if this move is warranted based on the actual earnings but we'll see into the close. Once again this is in tandem with oil it seems.
I believe Hamm is answering and he said NO. This guy really believes oil is going back to $100 soon. He also believed his ex would take the billion and leave. It sure sound like they plan to cost cut their way to prosperity.
That was an amazing fall so quickly. I got in in the low $50's and sold $56. I am watching for any other dips. They have more problems with the Feds again. Despite what people here said the report did stink.
Have you check China's ISM and other growth numbers recently? Oil is everywhere...soon I will be renting my pool to store it my kids are grown anyway.
It is rather boring you are right. They are trying to sound like all is well and I would bet that shareholders who bought above $60 don't think Hamm is so wonderful. I would believe they are more in the mindset of his ex-wife.
On the CC Hamm is "highly optimistic that the US will repeal the ban on exports". I would guess he has a crystal ball about that like he did when he said oil would go higher when it was in the mid $70's when he visited Mad Money and Cramer recently.
So far it's a lot of what they have done with their wells. A lot of blah blah so far except they have reduced their cap-x by 40%. Like I said these guys are now at the mercy of oil prices they had a nice one time gain from selling their hedges but now their excess profits will be from cost-cutting going forward. UBS put out a neutral with a dollar bump to $46 this morning. This will trade with oil and I believe the cap is near $50 on the shares.
I'm not a hater I just would like to see the shares retreat to where they should be to get a better entry point. Mr. Hamm is not making anything great strides for his share holders who bought at $60 to $80 and that is just the reality of it. Perhaps you are one of them. What kind of a CEO pulls off hedges in an extremely volatile and eventually overpriced oil market? This guys personal life obviously had an affect on his decision making process and has hurt shareholders. Remember this was Romney's choice for energy secretary we would be paying $5 a gallon if he was running America's energy policy today. I like trading CLR because of it's daily volatility but I would never own an energy company without a dividend. Finally I know you will read this post because it is obvious your shares are seriously under water....live with it we all make bad trades or investments. How will I sleep tonight knowing I am on your ignore list?
That's what one of the news headlines said. Going forward how should CLR feel about their future earnings depending on what oil traders do minute to minute? Traders will take long or short positions in CLR based on the oil tick and where they believe oil will be minutes, hours or a day or two going forward.
Read the release CLR going forward is at the mercy of the price of oil. They got a one time gain from the sale of the hedges which gave us two sets of EPS numbers that were in a wide range. Now more than ever I believe their shares will truly trade with the direction of oil minute by minute based on their exposure to the volatility of oil. This may become an even better trading stock going forward.
I believe that far out prices should be higher too unless the world is in recession which can never happen again since all the Feds around the world have figured out how to prevent recessions.
Gave different numbers that are very wide apart possibly why it is not really trading. You have a .24 miss then adjusted numbers that are higher???