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re: EXXI - hitting new lows everyday

Posted on 3/5/15 at 7:23 pm to
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5825 posts
Posted on 3/5/15 at 7:23 pm to
update: selling my position at open, $4.29ish, and taking profit. But will look for another sub $3 entry point.

A wise man once told me "taking profits out of play is always a good thing"
Posted by mkibod1
South of the Donna Dixon Line
Member since Jan 2011
4744 posts
Posted on 3/11/15 at 8:48 am to
Im debating whether or not to dip buy EXXI this morning around 3.30. Let it run to 4 then sell off.
This post was edited on 3/11/15 at 8:56 am
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5825 posts
Posted on 3/11/15 at 11:14 am to
I would like to see it at $3.00 before I make a move. But from my amateurish view, the reason for the last run up was their positive guidance on the debt front (yeah right) and their hedged per barrel price on a large portion of their output. I don't see how any of this has changed.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 5/6/15 at 8:37 am to
Well, EXXI declared a $0.01 dividend this morning. Have earnings after close and call in the morning. I guess the dividend is a good sign for us bagholders that they will not sink... Yet, anyways.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 7/1/15 at 11:49 am to
Anyone still holding? Today has been absolutely brutal. I am rethinking everything at this point.

Holding 1,050 at 4.51 average.
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5825 posts
Posted on 7/1/15 at 11:56 am to
EXXI: Energy XXI sells East Bay field for $21M to private buyer

I am not a pro. Does this sale have something to do with today's tank?
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 7/1/15 at 11:57 am to
Seems all small oil stocks are down 5-10% with crude down big.
Posted by yellowfin
Coastal Bar
Member since May 2006
97614 posts
Posted on 7/1/15 at 11:57 am to
I still have a few shares but haven't really paid attention to it in months. At this point I"m still holding some for shits and giggles
Posted by bayoubengals88
LA
Member since Sep 2007
18881 posts
Posted on 7/1/15 at 12:22 pm to
quote:

Seems all small oil stocks are down 5-10% with crude down big.

Yep, got into DNR today at $6. Hope the bottom isn't much further.
Posted by TexanWhoDat74
Houston
Member since Mar 2013
441 posts
Posted on 7/1/15 at 12:26 pm to
Same, still holding but haven't paid any attention to it in a while.
Posted by warau
Member since Nov 2010
2576 posts
Posted on 7/1/15 at 8:06 pm to
quote:

EXXI: Energy XXI sells East Bay field for $21M to private buyer I am not a pro. Does this sale have something to do with today's tank?


I don't think so. This deal has been in the works for quite a while and wasn't much of a secret. Former EPL guys involved in the leadership of the company that purchased East Bay.
Posted by sneakytiger
Member since Oct 2007
2471 posts
Posted on 7/2/15 at 10:43 am to
They did a sale/leaseback on their Grand Isle pipeline/terminal assets. They received $245 million on the sale, but will pay over $40 million in fixed lease payments over the next 11 years. I guess it helps improve liquidity in the near term and helps their balance sheet if the lease obligation stays off balance sheet. Desperate times...
Posted by mkibod1
South of the Donna Dixon Line
Member since Jan 2011
4744 posts
Posted on 7/7/15 at 4:05 pm to
Saw EXXI up 8% on the day, which is nice compared to most of the stocks Ive been watching. Anybody still riding that thing? This and PBMD are interesting at their current prices.
Posted by TJG210
New Orleans
Member since Aug 2006
28335 posts
Posted on 7/7/15 at 6:45 pm to
Sgy up around the same as well, I'm probably on the sideline until the Iran deal gets sorted out. Probably more blood in the sector before things get better.
Posted by NOLAGT
Over there
Member since Dec 2012
13500 posts
Posted on 7/17/15 at 10:22 am to
Bump...under 2 today
Posted by dkreller
Laffy
Member since Jan 2009
30262 posts
Posted on 7/17/15 at 11:22 am to
I'm licking my chops
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
646 posts
Posted on 7/20/15 at 11:51 am to
I feel silly asking this, but what is the actual "long-term" risk here? The only way you lose here is if you sell below your buy-in price. The O&G dip doesn't appear to be over, so buying in today means you'll likely ride the wave down further, but it's not going to stay down? (right?)
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7122 posts
Posted on 7/20/15 at 12:36 pm to
quote:

but it's not going to stay down? (right?)


that seems to be the universal hope of the MT board
Posted by Spec1
Lost but making good time
Member since Jan 2015
1983 posts
Posted on 7/20/15 at 12:39 pm to
I bought this stock about 9 months ago for the dividend and to hopefully ride the rebound up. The first day I bought it, it went down 2%. The next day when I checked it, the stock was up 22%. I sold it right away and never went back. Boy am I glad.
Posted by yellowfin
Coastal Bar
Member since May 2006
97614 posts
Posted on 7/20/15 at 12:45 pm to
quote:

The only way you lose here is if you sell below your buy-in price.

or the company goes under which some believe is possible
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