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Started By
Message
re: EXXI - hitting new lows everyday
Posted on 9/30/14 at 7:18 am to Iowa Golfer
Posted on 9/30/14 at 7:18 am to Iowa Golfer
quote:
but if you are planning to acquire, it's going to look even better based on after hours guidance.
Up 2% pre-market...
1
Posted on 9/30/14 at 8:04 am to OnTheBrink
No idea. I took it as revised guidance down. Anyway, carry on.
Posted on 9/30/14 at 8:26 am to Iowa Golfer
quote:
No idea. I took it as revised guidance down. Anyway, carry on.
I know. If they released good news it probably would have continued tanking. Buy the rumor, sell the news, or good news is bad news and bad news is bad news, or some shite like that.
I have been watching it and may get in soon.
Posted on 9/30/14 at 8:34 am to OnTheBrink
Scratch that, dropping on market open...
Posted on 9/30/14 at 8:39 am to OnTheBrink
I've been trying to catch up on this thread.
Outside of potentially being a little more old fashioned, is there anything about this stock to suggest that it should be dropping like this? I mean, this is pretty insane
Outside of potentially being a little more old fashioned, is there anything about this stock to suggest that it should be dropping like this? I mean, this is pretty insane
Posted on 9/30/14 at 9:42 am to sneakytiger
Wasn't the price of EXXI around $15 when I first posted in this thread about the significant insider selling taking place?
Posted on 9/30/14 at 12:47 pm to LSURussian
quote:
Wasn't the price of EXXI around $15 when I first posted in this thread about the significant insider selling taking place?
14.51
Posted on 9/30/14 at 1:18 pm to barry
quote:Thanks. And it's at 11.40 as I post this. Down over 20% in about 3 weeks. Ouch! I'm surprised I didn't buy a ton of it 3 weeks ago.
14.51
Posted on 9/30/14 at 2:36 pm to LSURussian
I just bought more
fu it
fu it
Posted on 9/30/14 at 3:58 pm to yellowfin
I bought more today also.
Posted on 9/30/14 at 4:17 pm to Iowa Golfer
I got rid of some IBM that hasn't done shite
Posted on 10/2/14 at 9:21 am to yellowfin
Down, down, down... Independents have been getting punished across the board, but this is incredible
Posted on 10/2/14 at 9:34 am to sneakytiger
quote:
Citigroup Inc. initiated coverage on shares of Energy XXI (Bermuda) Limited (NASDAQ:EXXI) in a research note released on Wednesday morning, TheFlyOnTheWall.com reports. The firm issued a neutral rating and a $12.50 target price on the stock.
quote:
A number of other analysts have also recently weighed in on EXXI. Analysts at Capital One Financial Corp. downgraded shares of Energy XXI (Bermuda) Limited from an overweight rating to an equal weight rating in a research note on Tuesday, September 16th. They now have a $22.00 price target on the stock, down previously from $26.00. Separately, analysts at Raymond James cut their price target on shares of Energy XXI (Bermuda) Limited from $28.00 to $26.00 in a research note on Monday, September 8th. Finally, analysts at MLV & Co downgraded shares of Energy XXI (Bermuda) Limited from a buy rating to a hold rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $24.73.
LINK
Seems to be some interesting PT's, especially from here.
Posted on 10/2/14 at 9:38 am to poule deau
I never put much stock into "price targets" although they seem to swing stocks when they are released. One reason why is this:
So, let me get this straight, you have a stock with a price tag of 10.40, and you expect the price to more than double in a year, but yet they rate it a hold? At what price does it need to reach to become a buy?
Also, still watching this and SDRL like a hawk! Just scared to make any type of move yet...
quote:
The stock presently has a consensus rating of Hold and a consensus price target of $24.73.
So, let me get this straight, you have a stock with a price tag of 10.40, and you expect the price to more than double in a year, but yet they rate it a hold? At what price does it need to reach to become a buy?
Also, still watching this and SDRL like a hawk! Just scared to make any type of move yet...
Posted on 10/2/14 at 10:39 am to OnTheBrink
quote:
you have a stock with a price tag of 10.40, and you expect the price to more than double in a year, but yet they rate it a hold?
Certainly others here could answer this better than me, but maybe they think the stock price has not hit the bottom yet?
Posted on 10/2/14 at 11:07 am to poule deau
quote:
poule deau
Makes sense.
Posted on 10/2/14 at 11:36 am to OnTheBrink
It's going to continue to get pounded. They are going forward paying down debt rather than increasing capex. Actually they decreased capex.
Decrease in capex is a knife for exploration companies share prices.
Also there was production release in their mid range of projections due to some technical oil equipment stuff.
Anyway, I'm going to wait a while and buy more.
Decrease in capex is a knife for exploration companies share prices.
Also there was production release in their mid range of projections due to some technical oil equipment stuff.
Anyway, I'm going to wait a while and buy more.
Posted on 10/2/14 at 2:19 pm to Iowa Golfer
quote:EXXI is UP today almost 2% as I write this.
It's going to continue to get pounded.
quote:Maybe shouldn't have waited....
I'm going to wait a while and buy more.
ETA: Make that up OVER 2% today.
ETA2: I see what happened.....Guggenheim raised EXXI to a BUY from HOLD this morning.
This post was edited on 10/2/14 at 2:26 pm
Posted on 10/2/14 at 8:14 pm to LSURussian
It was up over 2%? Wow. Huge.
Posted on 10/3/14 at 9:43 am to Iowa Golfer
quote:You're right. It's down almost 4.5% today. My bad....
It was up over 2%? Wow. Huge.
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