Energy XXI Ltd fka EXXIQ

[blowing winds]

Really like what I'm seeing so far. Something in my gut says this goes lower than $2.55. I understand we're entitled to our wrong opinions but sumpthin's a tellin me. I say this because people are buying and selling solely based on speculation-- or is there something that I'm missing? Are there people out there who can genuinely and wholeheartedly forecast what the future of oil will be so that's why they're buying? Of course, oil is a commodity and it will be around long after I'm dead... people need it to "survive" and there will always be investors. But as of today, the supply is ridiculous and the demand isn't. What creates the spike in share prices? Cut backs on production increasing demands or people buying on speculation?

I also know this is a $35.00 to $40.00 stock; however, it's currently a $3.00 stock--why? Is this because of the current oil market or has the EXXI share price been declining since 2012? These are things I'm asking because I want to invest more into something that looks so promising, but I want to make sure it isn't to good to be true.

I'm in EXXI for now and watching closely. Exciting!