Seems like so much incredible enthusiasm for oil and oil stocks now. Wouldn't touch the bonds you cannot trade in and out, and if you get caught holding when they file for bankruptcy it's say goodnight Gracie.
I heard shabang made like one million of dolares on energy bonds and more power to him. The bonds and stocks of small oil now seem to be overpriced unless oil rally is just begun
Any ideas? We must be missing something here, otherwise it would gap up to $7 immediately. Is it your biggest holding in this sector, if not what are your other holdings. It is hard to convince meself to buy after this kind of run.
Have always wondered about this- what is liquidity on those bonds. You bought at 12 and now at 30- but how much capital were you able to get invested at those price. Seems like it would be very illiquid to buy a "hoopton" lol!
Don't mean to rain on your parade but unless there is a huge, I mean huge rally in oil prices SXE will be under 10 cents in a couple years. Ya'll caught lightning in a bottle- short squeeze because of panic from oil shorts and also profit taking by them. I am skeptical anyone made much money here due to lack of liquidity at low prices. You couldn't even put 20K in this trash when it was 50 cents without moving the market completely. I am looking to short at 3, and cover at 10 cents. Good luck!