If we can just get oil to hold at 80.00 we'll take off...All bets seem to be off right now, however. Oil stocks-a dangerous place to be. Hopefully, though, if Goldman thinks it's going lower-it'll go higher! Goldman was totally wrong on their last forecast, I'm surprised they are being take as seriously as they have.
Sentiment: Strong Buy
My ride down with HERO has been the worst investment decision-I HAVE EVER MADE…Rather than continuing to hope for a turn around I noticed a week ago that several land drillers were at, or near, 52 week lows. Do I stick with a company that is tainted with an oversupplied market with an underpriced commodity-or do I consider company's in the same business but better positioned and much more highly valued by analysts. I switched to PKD(almost PES)to try and recoup my losses.
PKD was at it's 52 week low-all things being equal- it seemed a better choice than Hero. So far, so good. Given current market conditions, HERO may be stuck at, or near, it's current price. In fact, after it reports, it may plunge down even further. If Oil stabilizes, or rises, the land drillers will continue to shoot up while off-shore(PKD is near shore)will still be relatively flat.
Hopefully I can ride the wave up, and then circle back to HERO at a latter date…it's a thought anyway(and my thinking is highly suspect after the HERO disaster).
You're wrong there. Schwab is 3..and I killed the day we crossed the 3 dollar line(to 2.60). Should of sold at 3.04…I'll never get that loss back...
why don't you sell and buy a another shallow or offshore driller…they all are around 52 week lows…the way you talk about Hero there must be one that you think is better run.
Or, are you hanging on to Hero because you feel it still has the capacity, like I do, to double in price.
You need to let go…..or you need to be constructive…but negativity follows you around like dust did "Pigpen."
Sorry, Mike- endless negativity is is unhealthy, ugly, and indicates someone with a very poor psychological make-up. Life is way too short...
It looks good…I was ready for the usual slap down-this is encouraging. A lot of big money betting on Hero as an excellent deep value play!
It is exactly what they told us at the last conference call…there was not going to be any good news-yet. No surprise here…still undervalued, however, but nothing else to get excited about.