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al44: There is a trail of money from China to Hunter to his father, according to what I heard on "War Room". IMO, dragging Hunter into a hearing is a joke. They need a verifiable money trail. Otherwise, Joe will get away with it. The firing of the Ukranian prosecutor says it all. We know he is dirty (Joe), but Republicans need proof positive.
al44: He should be in jail. Instead, he is making $200K a year. That shows U there is a big coverup.
lj: BOIL is starting to simmer--up $2 the last time I looked.
NYBob: Here is the border bill I'd like Johnson to negotiate: for every one dollar in aid to Ukraine, the U.S. spends ten dollars on airfare to start sending back the illegals. BUILD THE WALL and SEND THEM BACK. PERIOD, END OF DISCUSSION.
Citizens are immune to the extent of the breakdown of the rule of law in this country.
lj: If the Ukraine war winds down, the military industrial complex will have to peddle their wares elsewhere.
You might be on to something.
lj: VLO They are the ones who are cleaning up!
lj: And, in January, the budget fights resumes in Congress. It will be ugly, because they will have something like 10 days to come up with a budget,.
The new President of Argentina is devaluing their currency 50 percent.
Don't think it cannot happen here.
wadegarret: inflation
I am not buying this. https://www.yahoo.com/finance/news/inflation-cools-further-in-november-as-energy-prices-fall-housing-costs-remain-sticky-134857735.html
The war on fossil fuels has increased the cost of fertilizer, as well as the actual war in Ukraine.
This has caused food inflation, together with high labor costs and higher fuel costs for farmers.
Oil has started to move down, but for how long?
Food inflation and high rent are a big stress on any economy, imo.
When people get their January credit card bills, not to mention electric bills, I believe spending is going to fall off of a cliff.
And let's throw in higher medical insurance costs.
And, the Social Security cost of living increase of 3.something percent is a joke.
My guess is that a big recession will start in Q1.
Oh, yeah, AI. That is too miserable to contemplate. Wendy's is testing AI for taking orders in Ohio locations.
How many jobs will that kill?
Weird times are ahead.
NYBob: We learned from a Canadian study that the Pfizer vax/gene therapy "allegedly" contains segments of monkey DNA that can cause advanced cancers. Reading the Daily Mail, all of the time you see stories about young adults, usually celebrities, who have advanced-stage cancer.
On another issue, but related, what is the white birth rate in the U.S.? What is the black birth-rate? I seldom see pregnant women. One issue is delayed marriage due to financial reasons. But, I don't totally buy that reason because two people can live cheaper than one. Though, rents ARE sky high, and the U.S. birth rate dropped a lot during the Great Depression of the 1930's.
Something ain't right. JMO
lj: VTLE
Do not like $73. Obviously, their crystal ball shows a recession in the U.S. and China and Europe on the horizon.
If the stock were put to me at $45, I wouldn't be a happy camper.
$40 or below, bring it on.
As long as Biden keeps singing this song, Israel's enemies might not focus on U.S. interests in the region:
https://www.dailymail.co.uk/news/article-12856047/Biden-israel-lose-support-gaza-bombing.html
On another note, think about the possibility of thousands of evil-doers who have entered the U.S. illegally
AI is going to change the world in ways you cannot imagine. The people who program AI might be anti-fossil fuel. Think about that long and hard, Vern.
lj: Ford is cutting production of F150 EV's in half. What did I tell you.
REI is probably a buy today, EGY might get lower, imo.
XOM might be put to me at $98 on Friday; VTLE at $40. If VTLE's hedges for Q1 2024 are as good as the hedges for this quarter, I'll take shares at $40. $35 would be a gift. Stay tuned.
BOIL: Sold this Friday's $24 puts. Also bought shares at $25 and change. As someone who heats with ngas, I firmly believe that ngas has bottomed or is close to bottoming. They aren't going to give it away!
NYBob and everyone. Infant dies after getting the usual vaxes. What type of society are we living in when kids entering school have to get something like 22 vaccines. A police state, that is what. I had no idea they were vaxxing the hell out of infants. Sheeple. The pandemic revealed that the sheeple
will let the Government push them around. That is no secret.
https://www.theepochtimes.com/health/perfectly-healthy-15-month-old-girl-dies-two-days-after-routine-vaccination-5537400?utm_source=Goodevening&src_src=Goodevening&utm_campaign=gv-2023-12-10&src_cmp=gv-2023-12-10&utm_medium=email&est=3Y1R0w93K0SSvJsXSggHY5LRFSd8YytXCS1%2Fhwc1TyW4mhZa8AfMqLviKbM%3D
lj: VTLE
Probably would have been better to hedge only 50 percent of oil production, but that is 20-20 hindsight.
$76 was not a bad number, imo. They know what they are doing.
lj: NOG Now it makes sense!
XOM has had some insider selling apparently. My understanding is that they are buying back stock hand over fist.
Again, $95 or lower and I start buying. Though, it might be better to put the money into NOG. Have to put on my thinking cap.
NYBob: You have to wonder whether China or another foreign entity was buying his paintings so he would have enough money for his eventual legal defense!
DD: Obviously 77M of them could read the name Donald J. Trump on a ballot in 2020.
lj: Oh, THAT SGA. Gotchya. Thanks. I was really tired when I read that post and it didn't click.
al44: The Socialists want them stupid so they can be more easily manipulated. That article is an eye-opener.
Good find, al44.
lj: NOG
Thank you for the information, but remind me again what SGA is.
p_s_h: Oh, I could name a poster or two!
lj: I don't like NOG's free cash flow and big debt. I know that VTLE's management is focused on debt, but no little about Northern's management. If oil dropped $10 a barrel, would their cash flow fall off of a cliff? In other words, is the dividend safe. Who knows. Ironically, and this will make u smack your head, I don't have to worry about VTLE have to reduce a dividend!
With 20-20 hindsight, which I had bought NOG at the 52-week low. Hope U got some cheap shares.
lj: Time to give NOG a serious look. Thank you.
lj: XOM is holding steady in the $98's. Would love to buy it at $95 or less. Stranger things have happened.
lj: I like the peon thesis. The peon is long on sound, informed logic. U may continue to post here! LOL!!!
lj: We want them to surge throughout the U.S. in the fall. The D.C. J6 court case, another kangaroo court, coming up in March could result in his being imprisoned. If that happens, expect riots, and possibly Nikki gaining traction, by the way. Any Republican candidate would be good for the oil industry. If the Dems sweep in November, I will sell all of my stocks and pay the cap gains in 2024 ahead of draconian tax hikes, including the end of the 15 percent capital gains tax. Though, big oil companies won't be going out of business.
lj: Whatever. I closed out the XOM $100 put at a $1.25 per share loss. I might be able to buy the stock at $95, if it closes below $100. JMO.
Well, VTLE will be put to me on the 15th at $40.
XOM will be put to me this Friday at $100. I guess I should roll the put out to March.
lj: After what they did to the Seminoles, I am ticked off at the whole thing.
lj: ; Always good to see that. Thanks for posting it.
REI: Why would a company have a chef? To cook the books?
lj: VTLE
GTC order in to sell the 12/15 $40 put. Surprised to see it sell off today a little.
lj: Venezuela
The rumor is that China green-lighted the invasion months ago.
lj: China and other BRIC countries are buying gold like crazy. If Congress doesn't fix the budget deficit, we are going to see the dollar decline dramatically--full stop, as the Brits say. If the MAGA Members of the House weren't holding the line, it would have happened already.
wadegarret: The budget war in Congress will soon be upon us. In January, people are going to freak when they see the interest on their credit-card purchases. Yet all the talking heads on CNBC go on about is the potential for the Fed reversing course next year. That is a smoke screen. MSFT should be the next AI high flyer. Personally, I'd like to see an international consortium of countries put the kibosh on AI before it is too late for humanity. It keeps Musk up at night.
Now, do U want to see a stock that is a ridiculous joke--Eli Lilly (LLY). Check out the PE and the dividend. They are working on an oral pill version of their weight-loss blockbuster, but will it be affordable to the masses? Will sales of that drug drop the PE to even 50?
NVDA and LLY are the poster children for irrational exuberance in the market.
nelson1234: BELFB
Are U still in either of the "BELF's"?
SkeeBallLarry: OT
Don't U know that the house by the stream will not exist in 50 years due to global warming! The creek will rise and flood it!
Gmenfan: U know that she is on the spectrum, don't you? She is a pawn. Shame on her parents for allowing her to be used when she was a teenager.
al44: And, his father is Native American.
lj: My father worked for a utility company. His motto was "spin those meters".
lj: DJT wanted to invade Venezuela! By the way, China is very entrenched in South America with its Belt and Road policy.
Did U know that China bought up the land contiguous with the Panama Canal? We are in big trouble, Vern.