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Message
re: EXXI - hitting new lows everyday
Posted on 1/22/16 at 11:45 am to NOLAGT
Posted on 1/22/16 at 11:45 am to NOLAGT
I went back and looked at how the stock moved during the BP disaster as well as how it recovered after 2008. Almost seems like a great rolling stock at times. If they have the same leadership in place maybe they can pull it off.
I'm prepared to lose the money if that's what's in store. But I'll be entertained either way.
I'm prepared to lose the money if that's what's in store. But I'll be entertained either way.
2
Posted on 1/22/16 at 3:26 pm to Old Sarge
Closed at .82...like over 100% since midweek 
Posted on 1/22/16 at 3:26 pm to Old Sarge
Must be nice to call $15,000 "not a lot of money"
Posted on 1/22/16 at 3:36 pm to TigerTatorTots
I guess I meant not a lot compared to how some of y'all on here roll.
Posted on 1/22/16 at 3:37 pm to Old Sarge
quote:
I went back and looked at how the stock moved during the BP disaster as well as how it recovered after 2008. Almost seems like a great rolling stock at times. If they have the same leadership in place maybe they can pull it off.
They didn't have the debt they do now back then
Posted on 1/22/16 at 3:38 pm to NOLAGT
.829
+1,663.08 gonna let it go for the long run (unless I turn chicken which I probably will)
+1,663.08 gonna let it go for the long run (unless I turn chicken which I probably will
)Posted on 1/22/16 at 3:53 pm to yellowfin
quote:
They didn't have the debt they do now back then
Where can I research this? Fidelity shows only 11mm debt as of 6/2015 but that was the latest financial data they have
Posted on 1/22/16 at 4:10 pm to Old Sarge
Posted on 1/22/16 at 4:55 pm to yellowfin
Don't forget, crude prices were crushed in late 2008, early 2009 but bounced back relatively fast.
Posted on 1/22/16 at 4:56 pm to yellowfin
So if I read that right it had over 150mm in debt as of 6/2015, I'll be honest that document was 95% Greek to me and I feel bad for the poor souls that have to prepare those 300 pages.
I don't know how that debt compares to other similar companies. If I come out way ahead on this purchase it will be no different than a blind squirrel finding a nut though
I don't know how that debt compares to other similar companies. If I come out way ahead on this purchase it will be no different than a blind squirrel finding a nut though
Posted on 1/22/16 at 5:06 pm to Old Sarge
Read the investor presentation they link on their home page - $3.6 billion in debt
Posted on 1/22/16 at 5:10 pm to Old Sarge
I'd maybe pass on investing anymore if you can't read a financial stmt
Posted on 1/22/16 at 5:14 pm to sneakytiger
So they are 6 months away from having to either restructure or payback 720.6mm 
I should have a quick exit strategy
I should have a quick exit strategy
Posted on 1/22/16 at 5:16 pm to yellowfin
Yeah it's the equivalent of a female picking football teams based off of the colors of their uniforms
But I did make over $1,500 today, I may let it ride tomorrow
But I did make over $1,500 today, I may let it ride tomorrow
Posted on 1/22/16 at 6:04 pm to Old Sarge
I would take that $1500 and walk away, you're making out like a bandit with this turd stock. Unless you want to spin the roulette wheel again.
Posted on 1/22/16 at 7:14 pm to sneakytiger
I have all weekend to think about it but I'm pretty sure I'm going to let it ride to see if it will keep climbing. The potential payday if it keeps going up even if it's only to 2 or 3 dollars is worth the risk.
Posted on 1/22/16 at 7:37 pm to Old Sarge
The flip side of that is it going to zero which could happen
Posted on 1/22/16 at 10:51 pm to sneakytiger
Just bought 3000 shares. In it for the long haul. Let's do this.
Posted on 1/23/16 at 9:12 am to Tshiz
Anyone who buys this stock should be prepared to lose whatever they put in it. They buried themselves when they bought EPL and massively overpaid. Company leadership was EXTREMELY slow to react when the downturn started.
They have increased production in certain fields but most of the stuff they have is old and those work overs only help for so long. Bankruptcy in the next year or so IMO
They have increased production in certain fields but most of the stuff they have is old and those work overs only help for so long. Bankruptcy in the next year or so IMO
Posted on 1/23/16 at 9:48 am to warau
Of course I'm prepared to lose it, but I'm also prepared to double my money if it goes to 1.50 or triple my money if it climbs to 2.25
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