is... watching & waiting
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Its going lower and wont be rebounding anytime soon.
Assume that's your sentiment on oil - I feel the same regarding NG. The amount of supply needed to be reduced to correlate to this winter's minimal demand won't line up until Spring concludes, or... it's too late. Not weeks of limited supply, we're talking about months. NG won't breach $2.18 again until Oct/Nov imo, $1.85 by Feb, UGAZ $0.90 DGAZ cerca $20.80 .
Congrats on your trade regardless... one of a very few the past 5 months. That being said, I'd be a seller of every rally, which I assume you've done. The tide's again turned.
Becoming typical... everybody by-passing the emotional first move in anticipation of the exact opposite. With this large a portion of the market skeptical session after session it's self-fulfilling.
Retail/401k's getting taken out to the barn... and the under 40 party may just be gettin started
SA comment does a decent job for perspective..
Magnum Hunter, Stone, Gastar, Eclipse and Consol have all stopped drilling in WV, OH and SWPA, and in some cases have shut in production. Consol went from saying they will concentrate on the deep dry gas utica to not going to drill the utica beyond current tests in less than 3 months. Anyone drilling in OH, WV or PA is now just destroying capital as the returns don't produce IRR's that cover the drastically increasing cost of capital for this industry and that includes everyone up to Chevron.
So the analysis has to look at the current firms who have the liquidity and need to continue to drill, such as Antero, Southwestern, Range, Cabot, Eqt, Cnx, etc. and figure how much they will produce and which new or old egress route they are using, etc...to come to some understanding of what will likely happen with natgas storage under various forward prices in the next 3 months.
One thing is clear, the depth and pressure of the dry gas Utica in SWPA creates very expensive wells, with greenfield tests holes running 25-35 million. Nobody is going to spend that in this environment, i.e. the Consol turn around, so the likelyhood of continuous wells coming on at 35-75 mmcf per day has terminated. That said, the fact that this resource is there is fabulous, although will likely keep prices contained below 3 bucks and at this point the pipeline folks are not going to move too fast.
Unless you have a matrix that factors in all this things and tells you what is going to be produced each month and what the demand and takeaway availability and price will be you are simply whistling dixie.
At these prices the bankers are now in charge and they will take a real displeasure with those who waste capital and we will therefore see who has the most economic properties and access to capital.
http://seekingalpha.com/article/3814466-natural-gas-an-expected-failure?v=1453237110&commenter=1
The EIA’s next report will be released on January 21st with 150 Bcf expected to be taken out of inventories.
http://www.bidnessetc.com/61505-natural-gas-still-a-cause-of-headaches-for-investors/
Gecko calling for - 187bcf
First Enercast " - 175bcf
Disparity should be good for some fireworks tomorrow
01/20/2016 [8] - MOTION for Extension of Time to File Answer by Matthew Veal.
01/20/2016 [7] - MOTION for Leave to Appear Pro Hac Vice Filing fee $ 150, receipt number 0207-8312569. by Hangover Joe's Holding Corporation.
01/19/2016 [6] - MOTION for Extension of Time to File Answer by Matthew Veal.
01/19/2016 [5] - MOTION for Extension of Time to File Answer by Hangover Joe's Holding Corporation.
$19.25 90 mins prior to open - still running. GDX up almost 3%, setting up for a decent recovery today.
Congrats to those that scooped 17's yesterday
Electronic Cigarettes International Group Ltd (OTCMKTS:ECIG) Hoping For A Comeback
JANUARY 20, 2016 BY ALEX CARLSON
Electronic Cigarettes International Group Ltd (OTCMKTS:ECIG) was once the darling of the small caps as investors got excited about the electronic cigarette market. This is because the electronic cigarette industry is one of the fastest growing consumer goods categories worldwide. After all, the world smoking market is enormous and e-cigarettes offer basically all the good stuff about regular cigarettes but none of the bad.
The problem is that lately electronic cigarettes have gotten a bad rap. A government sponsored study by scientists from Harvard University found a link between chemicals used to give candy flavoring to e-cigarettes and a dangerous health condition called “Popcorn Lung.” A high percentage of the flavored liquids used in e-cigs contained the dangerous chemical diacetyl.
As a result of this negative press, E-cigarette sales growth is down in recent months, while sales declines for traditional cigarettes have moderated to better-than-anticipated levels, according to industry data. Wells Fargo analysts Bonnie Herzog thinks some consumers have become “disenchanted” with e-cigs and returned to cigarettes. Cigalikes sales have also slumped over the last month. Further pressuring prices, manufacturers are reporting a backlog of e-cigarette inventory.
However, we think the tide is turning for the industry and that ECIG will be the prime beneficiary. The thing to keep in mind is that ECIG is a turnaround story. The old management made a series of strategic blunders that new CEO Dan O’Neill has had to fix. Most importantly, he had to repair the balance sheet. The most recent deal is a $9.0 million term loan financing with one of the Company’s long-term existing investors. The principal use of the proceeds will be to fund the recently announced settlement agreement with Fontem Ventures and to satisfy prior debt obligations. The Company issued 45.2 million warrants as a component of the financing, with an exercise price of $0.25 per share. CEO Dan O’Neill said:
“This latest round of financing once again reflects strong investor support for ECIG and further right sizes the Company’s financial position. The new capital enhances the Company’s flexibility to pursue various growth opportunities both domestically and internationally, including the expansion of essential marketing and distribution capabilities. With a stronger balance sheet, the Company continues to make progress against the six strategic pillars and is now better positioned to achieve long term profitable growth.”
Resolving the issues with Fontem Ventures was important for ECIG. Management can now focus on growing the business. Under the terms of the settlement, Fontem Ventures granted Electronic Cigarettes International Group, Ltd., a non-exclusive royalty-bearing global license under the patents asserted in the litigation and certain other e-vapor technology related patents.
Growing the business is key. The good news is that management has been making progress. In the third quarter, net sales increased 28% sequentially from $12.0 million to $15.4 million reflecting the impact of the company’s turnaround program. Gross profit increased 49% sequentially from $6.2 million to $9.3 million, reflecting an increase in gross margin of 8%. Net income for the third quarter of 2015 was $9.2 million, or $0.09 per diluted share. As CEO Dan O’Neill said:
“The results of the overall business continue to improve, driven by the relentless focus and commitment of the new management team to enhance the base fundamentals of the company. At this time I do not foresee any reason that this improvement should not continue in the near future. Additionally, following the previously announced strategic review, the company has identified numerous opportunities and remains well-positioned to grow profitability.”
Currently trading at a $17 million market cap, ECIG is an exciting story on the OTC markets. ECIG offers consumers a full product portfolio that incorporates product quality and the latest technology. The company is targeting the world’s 1 billion smokers and is offering them an alternative. That’s what gets investors so excited about ECIG. The market potential is enormous and the upside limitless. ECIG has been working hard to expand its points of distribution in the hope of capturing more and more smokers. We will be updating Insider Financial with latest on ECIG as the story develops. Be sure to sign up to get the latest alerts.
http://www.insiderfinancial.com/electronic-cigarettes-international-group-ltd-otcmktsecig-hoping-for-a-comeback/114273/
SPY 189 code failed
Another 6am TVIX HOD? Futures trying to fight back, don't be holding your shorts when oil turns
The service agreement was between HTM and HCTI. The former assigned it's rights to stock purchases/warrants to Plaintiff... who now sues for failure to deliver [breach of contract]
William Alessi v. Hybrid Coating Technologies
3:15-cv-00602
Filed 12/11/15
GDX lookin to give up 5%... make it stop
Not sure what a loan originator is...
Mortgage brokers certain GSE's can't be replaced - I'll take self fulfilling prophecies for 200 Alex
Nobody's messing with them... just removing them. They're vehicles of the past
Farse of a market... everybody and their youngest cousin calls for red yet Dow futures find a way to be up triple digits.
Relief rally may be a term of the past
Weather forecasts are showing above-normal temperatures settling across nearly the entire country for the last week of January and the beginning of February.
http://www.wsj.com/articles/natural-gas-rises-as-chill-sets-in-1453220133
Only entry point to consider remotely safe atm
Lmao - should've waited for a day without zero volume to mention
Total dollars processed for the fourth quarter of 2015 exceeded $833.0 billion...
Total dollars processed for 2015 set a new record, exceeding $3.3 billion...
http://ih.advfn.com/p.php?pid=nmona&article=70045962&symbol=PYDS
Proof-reading's an incredible concept
And yet only a 187 draw anticipated ... next week could be the first 200+ of the season
Regardless, supply can't deplete fast enough atm
http://geckoicapital.com/expectations
Lol gap open - NG wacked before $2.18, holding $2.15 though.
I'm waiting for a test of $2.25 to re-enter here. 187 draw expected this week, if we top that NG may bounce.
$9.33/$9.34 early.. $10.58 close Friday
Sheesh.. I thought 40 was bad here in Tampa
GDX $13.14/$13.19 early .. Prev close $13.09
Wouldn't surprise me, just hoping for a 200 draw to bounce the dead cat
NG recovered some to $2.11.. $2.05 at one point during the day. Expecting a top of $2.18 this week, $2.26-$2.33 this month, perhaps next as well. Coldest week of the winter this one, next looks similar.. one or two more chances to load for Spring
Less than wild, perhaps inevitable. You're on the right side of the trade for the foreseeable future.
Crude -3.5% .. this is getting ugly
NG falling knife to $2.054 (1.75%) ...Test of $2 appears inevitable
5 hours before another gold test of $1100?
Beauty beverages, names, fruit juices..
http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4803:l77k27.4.1
Took five months to realize H420 water couldn't be trademarked..
http://www.marketwired.com/press-release/new-generation-consumer-group-inc-announces-h420-waters-otc-pink-ngcg-2011348.htm
http://www.marketwired.com/press-release/new-generation-consumer-group-announces-hemp-refreshers-otc-pink-ngcg-2065739.htm
It was trademarked in August 2014... 'real company' lol
$16's .. m a y b e
For a second I thought that said 'bought' ... short D seems to be the only plausible oil ETF trade atm.
Should be one heck of a [slightly bumpy] ride.
Still 20% potential to the downside - $1.00's only support in sight
Well played. Hold anything long?
Virtually all cash myself - we'll be swing trading into Fall at this rate.
Incredible day - AAPL 95's hit, Dow 15000, SP 1875.
XIV is begging to join portfolios
I'll entertain sub $0.22 for a scalp. Fireworks subsiding I'd likely be a seller of $0.27-$0.31.
Hate parking capital three weeks for a dime but it's been as good as clockwork since '14.
Ugly reversal from this morning - GDX trying to bounce near LOD but not much steam behind it.
Very tempting - just lacking near term catalysts
Market can, and will, go lower imo
Lol you and dude both realize the margin required to short a 24 cent stock makes taking such a position less than lucrative, if not utterly worthless..
Why you promote the notion that some huge scary entity is targeting/manipulating/shorting an OTC ticker I'll never know
I have no position
For fundamentally backed explanation...
http://www.nasdaq.com/symbol/ecig/institutional-holdings