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I prefer we flood it with oil from tau2
While I 100% agree with you, it’s still troubling to see the share price reach new lows.
Bid / ask is .0034 / .0035 which is the lowest I’ve ever seen. Yikes.
That would be amazing to wake up to a giant deal announcement. I truly think it happens because they would have folded this up along time ago if there wasn’t a plan to do so.
Well said!
Wash. Rinse. Repeat. (Also for that Venezuelan oil Because the Venezuelan oil is dirty in more ways than one)
OIL MARKET: Washington eases its oil sanctions on Venezuela, allowing Chevron (for the next 6 months) to pump crude in the Latin American nation and export it into the United States. A major shift in the White House policy | #OOTT #Venezuela $CVX 🇻🇪 ⛽️ 🇺🇸 pic.twitter.com/fM1F6lOtJ2
— Javier Blas (@JavierBlas) November 26, 2022
I do believe we are in the 5th wave of the Elliott Wave. Some more upside then timber…
Fingers crossed!
Just doing a general wellness check… you OK brother?
Huge bid / ask this morning .0047 / .006
I’m no election expert but it seems the red wave was more like a red ripple? Republicans gained “some” ground but not enough to make a meaningful difference? Senate may be deadlocked heading into a December runoff election?
Agree with you both - thanks for contributions as always
If there are gains made by republicans in congress tomorrow, do we think we would see a share price increase or is the only thing that will impact GSPE be company specific news?
I was at a wedding last night, spoke to someone who rented a car last week and the only thing they had was a Tesla. Her destination was 2.5 hours from the airport and they didn’t give her the car with a full charge. She had to go way off course to charge it up in order to make it to her destination since the area she was heading was mostly farm country. Had to stop on way back to charge it too. Said it was so stressful since these alerts kept going off saying she would not make it to her destination without stopping to charge and another alert came on every time she went over 65 mph. Took forever to charge too, she was late to her meeting and It literally ruined her entire trip. Our infrastructure is just not set up for this drain on our power grid yet, and won’t be for some time. The fact politicians are taking such a hard stance on drilling / gas / oil is truly unbelievable.
Seems to be a constant tug of war for power in our senate that goes back and forth. It’s about time things swing back in the favor of oil and gas for a bit. It’s been completely on the other side of the pendulum for a while now
OK so let’s just say there is a red wave on Election Day next week, seems like that would pave the way for lessened drilling regulations down the road, right? Or am I naive to think it would help?
It’s all intentional. I don’t believe in coincidences.
I agree we are in trouble economically speaking.
Just don’t forget that the economy and the stock market are NOT one in the same.
It’s so hypocritical when the fly a private jet to go talk about climate change somewhere.
100% agree with this. I’m still short the market with long term plays but hedged with covered positions to ride out this bump heading into election season.
They want fake crisis so we all freak out. This is 100% intentional. If you don’t think it is then I recommend you start questioning the crap you’re spoonfed.
We were on the path to energy independence a few years ago and that was all flushed down the toilet.
I heard someone say those people are chasing cars… accurate. Most retail gets wiped out over the long run
Correct. The options sellers get in and out of their positions throughout the day. They will never let a close cost them money.
Hahahha love SCTV… used to watch reruns when I was a kid. So funny. Thanks for the trip down memory lane!
Anyone who is doing what we are doing trading complex options is a little bit of a dork, no offense.
What’s funny is I share your market sentiment, I just have a slightly different delivery mechanism as you.
Yes I tried to make it simple. But also couldn’t help myself with a little Jeopardy comedy sprinkled in
I see what you did there! LOL
FYI I was agreeing with you and trying to educate the other guy lol
Theta is the time value of an option and probably the answer you’re looking for.
“What is Theta?
Alex Trebek (RIP): Yes that is Correct.
I will take Options Pricing for 500 Alex….
And that’s the daily double! How much would you like to wager?
Like the rest of retail investors, I would like to gamble my entire net worth Alex.”
In other areas of life you’re paying a premium (more) or buying at a discount (less).
But when you talk “premium,” it’s the purchase price of your option. We all know what you meant, but premium is not really the right term.
That difference is more than just time (theta) as well, there is a volatility component too (vega) so the difference between the underlying value and the price you’re paying for a contract is more than just time..and it’s not called premium.
It ain’t over til the fat lady sings!!!!! Let’s gooooooo
I’ve made this trek. Especially when I was 19. Lol
Agreed!
I trade off charts.
I invest off fundamentals.
I gamble on GSPE. LOL. JK.
I think you’re both right. Charts work for liquid stocks. This isn’t one so the chart doesn’t matter here. All that matters here is the fundamentals of whether we drill / find oil and gas.
But for the rest of the market it’s a combo of technical / fundamental analysis that drives price movement.
Just read through the votes. The items of importance; increasing ability to release more shares to eliminate takeover target and the reverse split were approved.
Both Positive in my opinion.
Did all the “Board favored” issues get approved?
.0045 / .0047
bid / ask
Half a million shares traded this am
We need Mr Seitz and company to strike a deal somewhere!
Dude, let the sheep go to slaughter. The more people who think this is going up, the more money you make is when it goes down. They don’t want to be saved.
Yessssss
Just submitted my vote in advance of the Board meeting on 9/30. Vote is due by 9/29. I supported the recommendations of the board. I think it will give the management team the flexibility we need if and when an opportunity presents itself for future success.