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Davey Jones 2 Flow Test.......highlander strikes pay!

Posted on 5/29/14 at 3:28 pm
Posted by TJG210
New Orleans
Member since Aug 2006
28335 posts
Posted on 5/29/14 at 3:28 pm
Has anyone heard anything about this? I saw on a different message board that it has been done, was a success, and an announcement is imminent.
This post was edited on 12/24/14 at 11:05 am
Posted by lsuguru
Lake Charles
Member since Aug 2007
1782 posts
Posted on 5/29/14 at 3:39 pm to
Really? Damn I hope so, fingers crossed

Both FCX and EXXI are up today
This post was edited on 5/29/14 at 3:40 pm
Posted by Boudin
Lafayette
Member since Oct 2006
10133 posts
Posted on 5/29/14 at 3:53 pm to
quote:

EXXI


Been eyeing them, bright future?
Posted by lsuguru
Lake Charles
Member since Aug 2007
1782 posts
Posted on 5/29/14 at 4:38 pm to
Its a helluva buy at the current share price. IMO
Posted by Douboy
Louisiana
Member since Nov 2007
4332 posts
Posted on 5/29/14 at 9:22 pm to
quote:

Has anyone heard anything about this? I saw on a different message board that it has been done, was a success, and an announcement is imminent.


Which board?
Posted by TJG210
New Orleans
Member since Aug 2006
28335 posts
Posted on 5/29/14 at 10:16 pm to
LINKHere......not sure if this is ok or not to post here,...I'll delete if not.

Anyone know what they mean by massive flow tale?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/30/14 at 7:47 am to
EXXI has been a longer term hold for me. It has been an interesting ride, but I do beleive it is a very good stock pick. I like their tangible book value per share, but also understand how fragile this valuation is with an energy company.
Posted by TigerBite
Dallas
Member since Feb 2004
2535 posts
Posted on 5/30/14 at 9:55 am to
quote:

Anyone know what they mean by massive flow tale?


Just his fancy way of saying that rumors or stories of a massive flow rate are being passed around. That's how I read it.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/30/14 at 2:42 pm to
What does FCX have to do with this area?

EXXI is just getting clobbered today. 2nd time since their acquisition. It's really been a volatile stock when it never used to be.

Posted by lsuguru
Lake Charles
Member since Aug 2007
1782 posts
Posted on 5/30/14 at 2:57 pm to
Yea, EXXI stock price certainly doesn't look like the flow test went well, but who knows.
Posted by sneakytiger
Member since Oct 2007
2471 posts
Posted on 5/30/14 at 2:58 pm to
FCX bought McMoRan (MMO), Davey Jones' operator and majority interest holder last year
This post was edited on 5/30/14 at 2:59 pm
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/30/14 at 3:00 pm to
I bought more EXXI within a penny of today's low. I think it's p/b can't be higher than 1.2 now.
Posted by TJG210
New Orleans
Member since Aug 2006
28335 posts
Posted on 6/4/14 at 9:07 pm to
Anyone hear anymore about this? Now there is paperwork out there that the site was abandoned.
Posted by Boudin
Lafayette
Member since Oct 2006
10133 posts
Posted on 6/4/14 at 10:16 pm to
P&A'd it?
Posted by TJG210
New Orleans
Member since Aug 2006
28335 posts
Posted on 6/4/14 at 10:31 pm to
Not sure, check the above link.....there is some additional info. I'm familiar with the o&g industry, but not this side of it.
Posted by TJG210
New Orleans
Member since Aug 2006
28335 posts
Posted on 6/12/14 at 1:56 pm to
Anyone know what's going on with this??? GULTU is up almost 8% on pretty extreme volume.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 7/15/14 at 11:05 am to
I bought more EXXI today. Anyone down there have any insight in to what's going on with them in the Gulf right now? I had thought some of y'all worked in this industry. Not looking for inside stuff, just big picture. Seems to me this is a cheap company for anyone with patience.
Posted by TJG210
New Orleans
Member since Aug 2006
28335 posts
Posted on 7/15/14 at 9:48 pm to
quote:

Anyone down there have any insight in to what's going on with them in the Gulf right now? I had thought some of y'all worked in this industry.


Everything I've heard is positive, but your guess is as good as mine as far as these ultra deep plays.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 8/14/14 at 8:01 am to
To me this continues to look like a very decent long term opportunity. The market was very unforgiving of their acquisition for reasons that don't seem to make much common sense, and yesterday it seems the market listened to only parts of the conference call. The bad parts.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 8/14/14 at 9:45 am to
Trading below tangible book value. Paying a dividend.
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