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2
Posted on 3/30/16 at 10:06 am to Iowa Golfer
COP, XOM, and SGY out to nice gainz today 
And I'm gonna go ahead and shut up now
And I'm gonna go ahead and shut up now
This post was edited on 3/30/16 at 10:35 am
Posted on 3/30/16 at 3:02 pm to Brettesaurus Rex
added to my XOM position today. +/- $80 average price per share
Posted on 3/30/16 at 4:06 pm to Grits N Shrimp
I like ALJ, ATW, and ETE at these prices...and of course MRO.
Posted on 3/30/16 at 4:08 pm to bayoubengals88
You've been a big MRO fan for a long time now. What has drawn you to them?
Posted on 3/30/16 at 4:49 pm to TigerTatorTots
There's nothing scary about them and it's $10 per share. They have plenty of cash, and a solid, but not an alarmingly high dividend.
I've watched this stock since $42 and I made an entry at $14.77--I stand by that entry, but might add more shortly if I get the cash.
ALJ intrigued me after travelling to Colorado last summer. It's a small refiner that was $18 when I got home last August...now it's at $10.00
I've watched this stock since $42 and I made an entry at $14.77--I stand by that entry, but might add more shortly if I get the cash.
ALJ intrigued me after travelling to Colorado last summer. It's a small refiner that was $18 when I got home last August...now it's at $10.00
Posted on 3/30/16 at 5:29 pm to TigerTatorTots
Which one of you called Cramer regarding ETE and Williams deal?
Posted on 3/30/16 at 10:41 pm to bayoubengals88
I was very tempted to jump in at $8 but held off thinking oil had a lot more suffering to do. I hope I get another crack around that level
Posted on 3/30/16 at 10:42 pm to bayoubengals88
quote:
Which one of you called Cramer regarding ETE and Williams deal?
I heard that as well
Posted on 3/31/16 at 12:52 am to bayoubengals88
quote:
Which one of you called Cramer regarding ETE and Williams deal?
I too immediately thought of the money talk board.
This post was edited on 3/31/16 at 12:53 am
Posted on 4/1/16 at 2:57 pm to Iowa Golfer
B/H rig count slip another 10. Slowly we go.
Posted on 4/1/16 at 3:20 pm to Iowa Golfer
Can you explain what this means and how it impacts oil stocks.
Are you talking about total rigs that are in the gulf? Producing?
Are you talking about total rigs that are in the gulf? Producing?
Posted on 4/1/16 at 3:43 pm to Old Sarge
The rig count refers to drilling rigs drilling new wells. He is probably referring to the US rig count, which is both onshore and offshore.
Posted on 4/1/16 at 4:12 pm to TheIndulger
So wouldn't the rig count going down increase price due to less production?
Sorry if that's a stupid question.
Sorry if that's a stupid question.
Posted on 4/1/16 at 4:31 pm to Old Sarge
Yes and no.
Posted on 4/1/16 at 4:59 pm to Old Sarge
quote:
So wouldn't the rig count going down increase price due to less production?
Yes, in theory it will since less wells being drilled means less production in the future. A well that gets drilled doesn't suddenly come online and start producing so production is a lagging indicator of rig count. The dropping rig count shows that operators aren't willing or able to put capital into drilling new wells, whether they be exploration or development at this point in time. Over time currently producing wells will deplete and supply will fall.
Posted on 4/1/16 at 7:53 pm to Old Sarge
quote:
So wouldn't the rig count going down increase price due to less production
I mean in the long run it could, but the amount of rigs drilling is a direct indicator of the current state of the industry.
Posted on 4/1/16 at 8:00 pm to GoldenD
quote:
The dropping rig count shows that operators aren't willing or able to put capital into drilling new wells, whether they be exploration or development at this point in time
This is the bottom line right now.
Posted on 4/1/16 at 8:27 pm to TheIndulger
Hopefully another slide started today.
Posted on 4/2/16 at 8:40 am to GREENHEAD22
about a month ago I bought in on 6 oil companies...quickly made 15K (on that crazy upswing week) , but now it's coming back down to reality, however I'm going in long so I'm holding for 5 years and we'll see.
, but now it's coming back down to reality, however I'm going in long so I'm holding for 5 years and we'll see. 
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