It's always good to follow one of these CNBC pumper analysts....not. I think the shares will get back there in due time especially if oil gets back near $55-$60 but that may take some time based on the oil glut. I am hoping for the $185 or lower to start nibbling. If you see a weaker earnings release especially for a stock of this nature you just can't pile in on the word of these clowns. The Fast Money show brings on so many of these guys and then the shares get hit after they leave. Good Luck!
Oh Thank God! I guess Europe, Putin, ISSIS and the rest will take care of themselves. Remember when ISIS taking over a few towns in Iraq would have oil moving up $5-$10 in a week. Reality has hit the oil markets and years too late for the consumer.
I saw it what a band wagon rider he is. He can gloat a bit now but he had no answers to his callers when the stock was in the $4's. from the 52 week high pullback.
It is fading now I really read very little good in the release and the CC was what it was nothing special. I think this fades by later.
You can make money being both long and short this stock. Short $48 plus and buy under or near $44. Unless something crazy happens I think the bottom of the range goes lower I believe oil heads back to the high $40's after the inventory numbers tomorrow.
before tomorrow's inventory numbers this was kind of predictable. Oil appears to be making lower highs the past week or two. Hoping CLR can break $40 soon then I'm back in.
$14 by early February. Yeah oil has moved up but possibly the balance sheet is improving nicely over time with all the cost reductions. I posted in early 2015 I thought SDRL would get to $13 by February but this is quick I would expect a pullback on oil soon and the shares a bit. Nothing wrong with some backing and filling.
I follow PRAN this thing fails on any rallies especially when it was at the high $2's on some good news then it just grinded lower over time but I will watch. I always fear this could be another DNDN and be under a buck quick but it has moved nicely off the $1.40 area. It does have a low float which may cause the spikes then pullbacks but no institutional ownership at all. Just sold all my ACHN at $12.65 & $12.76 from buying the last few days near and under $11 it was beat up too much I thought will look for another pullback hopefully.
I am talking of the daily trade especially for CLR. Until recently if oil was up near or over $3 at any point intra-day CLR would have been up at least $1.50-$2 or more. It may be that oil is topping for now I still think we may see a retest of that $42 area for WTI. I agree that the revisions have to be dramatically lower for the whole sector I am wondering if investors look past this quarter figuring oil will climb and so will earnings....I doubt it and the ball is still in the Saudi's court they say the word of cuts and oil takes off I believe. The strong dollar is still out there also I am being patient I want to see CLR near or under $40 and I start getting back in this is such an explosive stock in either direction.