My favorite trader just said SD is something he's liking. Been waiting real patiently for a re entry. Missed that last rip but that was temp. Will be ready to pull the trigger sometime in the near future. Got into chk a little too early. All good tho. Might add more when she touches 12

There were businesses being created to lock in oil prices for 1-2-5 or 10 years back when gas was like .80ish cents I think.

customers would pay a monthly fee then that customer would only pay .80 cents a gallon no matter how high the price went.

Don't know what happened to the biz. it was probably cheaper to cancel the contracts and just sell the oil at a profit.

I wonder if they will come back out

If we do test low 12s I'll be a buyer.

yup you can feel the weight pulling her down. Today is not fulfilling I must say. Yesterday options plays were decent. Haven't done anything today.

Calls going crazy. Most doubled in volume

Jan 2016 options moving some
$10 put: 4k around 80 cents
$20 call: 4k around 70 cents

I think we ate most of the weeks losses on Monday. Volume seems to be picking up. Playing some options today

long time no see. do you believe it's going to $10?

just finished my last position. My plan is executed. Not much more I can do now

Intraday dropped to 14. How low will we go.

Your link doesn't work

Indeed. Depends on which trend we follow

Oct 14/15/16-14
Dec 10/11/12-14
Mar 6/7/8-15

Eod volume will be telling imo

possible dip tomorrow morning.

good luck.

I'm thinking $19 in 3-9 trading days.

Willing to hold for years if necessary but not my trading plan.

indeed. The tree is shaking

options extremely weak on both sides.

right in the middle. Let's not go back down I think we can both agree on that.

Btw I do not recommend options to anyone reading this. It could easily drop to 14.15 next week and bounce off that making the options worthless.

2k March 20 options just purchased down here. I also picked up some.

Let's see a bounce off 15.07 again

Waiting and watching. You got a better position than me in CHK tho.

Starting here

2014 aa had a strong steady climb. Sideways trading for 2015 might be building support between these levels for the next leg up.

Buying at the low end of the support and selling at the resistance. No long terms trades here for me for a while.

Wow the bleeding is bad. When will it stop

Wow

Definitely a huge drop. Luckily I had to sell bc my business needed capital but danmnnn. I would have been screwed if I held. No more long term trading for me. Day trading only at least for now ;) waiting for capital to get right again so I can start playing. Good luck to all. I got in at 3.73 average sold at 4.07 just 1 day before this drop. Whipping the sweat off my forehead.

No cuts

Or $15 lower if it's the other way

I think we might see 3.55 before we go up. SD looked weak going up

not bad ; little news took it a long way. Stay above $4. Good news may come on the 27th. Could explode

Thanks for that. I guess I was referring to a previous posts. Thanks for those links.

No news on release of 10-q but massive spam about this firm asking shareholders to sue SD. Very sad

The company re-iterated its estimate that it can generate ~40% drilling returns at the well level in the Mid-Continent at $80 oil and $3.50 natural gas price, assuming $2.9 million well cost. The estimate does not include infrastructure costs. The company clarified that by including infrastructure costs, the return estimate would be reduced by ~10% to about 30%.

Compared to other companies how does this 30% compare?

I know little to nothing about oil but I like SD and CHK because I have buddies who couldn't find jobs in my home town but they found jobs at the rigs. Years later they are able to pay off their student loans / buy a car / and make a down payment on a house. Cool.

This is probably a dumb statement / question but if SD already sold their contracts / barrels at $90 what does the actual price of oil changing do? How can it affect them negatively / positively in 2015?

I can't imagine that the price of oil changing at such crazy volatility would hurt the drillers that already sold what they expect to drill. I know I am wrong but can someone explain it to me.

If it cost SD $63 for a single barrel of oil and they have all their contracts sold at $90 awesome.. Right?

If the price changes how does this effect the company sucking the oil out of the ground?

If SD did not create contracts already then I could see a problem but how does the change of oil price effect a company that has already sold their expected barrel count?

Where can I find the fees and detailed info on these contracts they have already made?

I see the problem when it comes to too much spending in a volatile industry.

Isn't it about the volume? What's this new technology about 3d imaging for finding oil? Isn't this really good? Do any other companies have the 3d technology up and running already? Is it working better?

Thanks for the help.

Is this the correct chart to be looking at?

hope you are getting this. Good luck to all

1.5 million traded around 4:30 2 cents above close price.

It looks like that skip of beat was short and scared a lot of people out of their positions. I hope you were not scared. Good luck to all. Some reports show they will release earnings after close

What level do you believe oil will be at short term? Long term?

I see thank you for that info. Please keep posting your thoughts. Would love to learn.

24 million volume

didn't have the balls to pick up my Original plan. Wanted to have 10 overall but only have 4 in. Have a lot of learning to do obviously. Wish I would have day traded it but I'm trying to learn a new chapter in trading. Could have done much better and had 4 in like it was 3. But whatever. Live and learn. Even if she drops more I'll be holding probably won't add with this new move with SA. I haven't traded oil enough to really know what this means. I'm thinking it's to clear the water of the weak fish but we shall see.

18 million volume - 2 hours left. Price back near opening. Stocked up I hope you were able to day trade that gift. Scary day trade but rewarding if you got it.

I do remember when I graduated high school the price of oil was very close to where it is today. And that was 10 years ago. Do you believe oil will stay at these prices for a pro longed time or a bounce back up? Longest I see this lasting is mid dec possibly possibly small chance mid jan and that's a very extended look at the situation.

This is just an attempt to get rid of competition and then raise prices again. IMO of course.