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Started By
Message
re: Oil stocks...are you buying?
Posted on 3/7/16 at 2:07 pm to danomarcus
Posted on 3/7/16 at 2:07 pm to danomarcus
Are you talking even about big oil COP?
1
Posted on 3/7/16 at 3:05 pm to danomarcus
Party pooper 
Posted on 3/7/16 at 3:15 pm to Old Sarge
Anyone know anything about PVAH?
Dog?
Dog with fleas?
Dog?
Dog with fleas?
Posted on 3/7/16 at 3:21 pm to dkreller
I took a quick look. This might be worth some investigation so long as you look at it for what it is. That is to say, this would be part of maybe 2-5% of my speculative portion of equities. 2-5% in the aggregate, and this being one of several holdings.
That's the only way I'd approach it, and I'd need a lot more research than the 10 minutes I just gave it.
That's the only way I'd approach it, and I'd need a lot more research than the 10 minutes I just gave it.
Posted on 3/7/16 at 9:22 pm to LSUneaux
If you were going to risk $2000 that you could afford to lose on an oil company, what company might you get into? Why?
Posted on 3/7/16 at 9:31 pm to LSUneaux
SDLP
Posted on 3/8/16 at 9:49 am to SonofDye
SGY down 18.5% this morning already. Figured the last week or so was too good to be true
Posted on 3/8/16 at 10:25 am to Brettesaurus Rex
Exxi is down 32%
Posted on 3/8/16 at 11:10 am to Old Sarge
quote:
Exxi is down 32%
Oil stocks are reminding me of biotech these days.
Posted on 3/8/16 at 2:30 pm to OnTheBrink
Banks are artificially propping up the value of these oil company stocks through a massive short squeeze in order to get as much debt repaid as possible.
Posted on 3/8/16 at 2:49 pm to danomarcus
Oh I see....I'd love to hear more from you about this.
Posted on 3/8/16 at 2:53 pm to danomarcus
Can they do it again real quick?
Posted on 3/8/16 at 2:55 pm to Fat Bastard
Would you say COP has some support around $38.50?
Posted on 3/8/16 at 3:00 pm to LSUneaux
quote:
Would you say COP has some support around $38.50?
Haven't watched the market at all today. I placed a stop order on COP at $40.50 Friday. Forgot about it until I saw the execution email. Glad I did.
I'll be looking to get back in.
This post was edited on 3/8/16 at 3:01 pm
Posted on 3/8/16 at 4:08 pm to LSUAfro
This is to anyone. Have we reached the range that we're going to trade sideways at?
It looks like it to me, but I don't know, so I'm asking.
We're basically pushing $40 WTI and Brent if you look out 4--5 months, and it seems to me oil has been here for about as long as oil has been in any range for quite some time.
So what say you, oil people?
It looks like it to me, but I don't know, so I'm asking.
We're basically pushing $40 WTI and Brent if you look out 4--5 months, and it seems to me oil has been here for about as long as oil has been in any range for quite some time.
So what say you, oil people?
Posted on 3/8/16 at 4:43 pm to LSUAfro
So banks now know that these junk bonds are eventually going to go bad. Look, inventories have risen for 6 straight weeks and a supply cut isn't happening. So they want to get as far away as possible from these companies while getting as much as they can back from these loans as possible. They are essentially propping up the energy sector long enough for the affected companies to sell equity and repay secured debt.
For example, let's look at Weatherford International. In Q4 2015 Weatherford had cash of $467 million and debt of $7.5 billion. Of that debt, $967 million of it was revolving credit facility that JP Morgan was the syndicate of. What's insane is that 2 weeks ago JP Morgan was the lead underwriter for an equity offering. With current market conditions and the debt strain on Weatherford, this scenario really doesn't make sense. The only plausible reason for JP Morgan to risk its reputation like this is for them to have Weatherford use the funds to repay debt the company already owes them. This arrangement allows JP Morgan to get its money out prior to the ship sinking.
For those of you who thought the pain was over and oil is back are going to be horribly disappointed. I've never seen market conditions like this and I believe this just the start to a massive slide in oil in the following months to come.
For example, let's look at Weatherford International. In Q4 2015 Weatherford had cash of $467 million and debt of $7.5 billion. Of that debt, $967 million of it was revolving credit facility that JP Morgan was the syndicate of. What's insane is that 2 weeks ago JP Morgan was the lead underwriter for an equity offering. With current market conditions and the debt strain on Weatherford, this scenario really doesn't make sense. The only plausible reason for JP Morgan to risk its reputation like this is for them to have Weatherford use the funds to repay debt the company already owes them. This arrangement allows JP Morgan to get its money out prior to the ship sinking.
For those of you who thought the pain was over and oil is back are going to be horribly disappointed. I've never seen market conditions like this and I believe this just the start to a massive slide in oil in the following months to come.
Posted on 3/8/16 at 5:38 pm to danomarcus
So...I should have sold yesterday basically
Posted on 3/8/16 at 5:56 pm to Brettesaurus Rex
I'm still up from my initial investment, but took a nice hit today. That being said, my plan is to hold for 5 years.
Posted on 3/8/16 at 6:33 pm to crazycubes
I'm still up about 32% and am definitely in for the long haul potential. But it was nice to be up about 175% for a couple days
Posted on 3/9/16 at 8:33 am to Brettesaurus Rex
Oil hitting 40$ must have had a nice effect already. SGY up 15% in 3 mins
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