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re: EXXI - hitting new lows everyday
Posted on 11/4/14 at 2:09 pm to I Love Bama
Posted on 11/4/14 at 2:09 pm to I Love Bama
Bama fans why are y'all buying EXXI in the face of falling oil prices and what is guaranteed to be a bad earnings report?
2
Posted on 11/4/14 at 2:10 pm to cwill
They need something to hope for because they know their football team is going to get beat this weekend
:rimshot:
:rimshot:
Posted on 11/4/14 at 2:28 pm to cwill
EXXI has collars and other hedges that I'd hope they can live on for the next 6-12 months if prices continue to tumble, hopefully giving them enough time to weather the slump. Not sure what their actual hedging profile looks like though, it's somewhere in an investor presentation.
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