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re: EXXI - hitting new lows everyday

Posted on 10/13/14 at 9:31 am to
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 10/13/14 at 9:31 am to
Anyone want to take a guess at what the share price will go to if they get bought out?
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 10/13/14 at 9:34 am to
I would assume tangible book value atleast. $20? Too low?
Posted by LSURussian
Member since Feb 2005
126942 posts
Posted on 10/13/14 at 9:35 am to
quote:

Anyone want to take a guess at what the share price will go to if they get bought out?

It's usually in the 30% range over current market price.
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 10/13/14 at 9:40 am to
Hmm. Seems like if you got in when it was around 15-16 then them getting bought out would be a bad thing.
Posted by mkibod1
South of the Donna Dixon Line
Member since Jan 2011
4744 posts
Posted on 10/13/14 at 2:11 pm to
Man if it hits the $6 range, part of me wants to jump in big, while part of me wants to sit back and watch it. I did that with Facebook and I regret it now, which is why I kind of want to make a play here.
This post was edited on 10/13/14 at 2:21 pm
Posted by TexanWhoDat74
Houston
Member since Mar 2013
441 posts
Posted on 10/13/14 at 3:29 pm to
Down 11% today

I know...
Posted by mkibod1
South of the Donna Dixon Line
Member since Jan 2011
4744 posts
Posted on 10/13/14 at 3:45 pm to
I havent jumped in yet, but the lower it goes, the more interested I become.
Posted by Shadowlink
The Shadows
Member since Apr 2014
1434 posts
Posted on 10/13/14 at 3:54 pm to
quote:

I havent jumped in yet, but the lower it goes, the more interested I become.
I'm cautiously watching it, but when it's dropping 11% in a day I'm still sitting out. This stock is still bleeding too much for me to believe it's close to bottom.
Posted by mkibod1
South of the Donna Dixon Line
Member since Jan 2011
4744 posts
Posted on 10/13/14 at 3:59 pm to
Agreed. But we dont have much more till the bottom
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 10/13/14 at 4:02 pm to
I don't own any stock, but this beyond an overreaction to me. Something isn't right.
This post was edited on 10/13/14 at 4:12 pm
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 10/13/14 at 4:07 pm to
All the small - midcap E&Ps are getting crushed...beyond what makes sense.
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 10/13/14 at 4:12 pm to
quote:

All the small - midcap E&Ps are getting crushed...beyond what makes sense.


Everyone trying to get ahead of "shale plays not being economical"?
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 10/13/14 at 4:19 pm to
Exxi doesn't do shale plays
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 10/13/14 at 4:24 pm to
quote:

Exxi doesn't do shale plays



I'm aware

He said


quote:

all the midcap E&Ps
Posted by LSURussian
Member since Feb 2005
126942 posts
Posted on 10/13/14 at 5:01 pm to
quote:

we dont have much more till the bottom
The maximum downside now is only $6.85/share.
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 10/13/14 at 5:41 pm to
Where does that number come from?
Posted by vuvuzela
Oregon
Member since Jun 2010
14663 posts
Posted on 10/13/14 at 5:45 pm to
after hours close

He's got a point though, the most you could lose now is only 100%
Posted by RadTiger
Member since Oct 2013
1121 posts
Posted on 10/13/14 at 5:46 pm to
after hours trading
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 10/13/14 at 5:51 pm to
Gotcha. Anyone think this is possibly due to the davy jones well that exxi has interest in?
This post was edited on 10/13/14 at 5:52 pm
Posted by sneakytiger
Member since Oct 2007
2471 posts
Posted on 10/13/14 at 6:21 pm to
Davey Jones is old news, only room for upside now
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