Retired at 45 yrs of age
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Still looks really good long term... On one oil company's earnings report (Eagleford) they had 20 wells waiting for completion... I think there are plenty in Permian Basin awaiting completion too for higher oil demand... but how long can they wait without screwing up the drill? Probably different per formation....
They could do a promo for Thanksgiving to give away a snowblower (one entry ticket per accessory with bonus tickets for higher priced accessories)... maybe a weekly one day snow blower rental via rental gift cert.
.48 now... lol... market maker 41 will have to raise his bid price...
... but Janet Yellen messed up everything for a while... buyouts, stakes etc. with her could raise interest rates December... Oh they manipulation to come... may G-d forbid it...
72% NG, 17% oil, 11% NGL.... 9k+ ft lateral well completing, okay that's way too much likely for something to go wrong with... clogging the line (1 mile too long already) they're just doing that to lockup leases not produce maximum efficiency....
Diamond Offshore had better than expected earnings yesterday, so sector wise looking up...
But
I marked for watching $MU for thei prototype "Automata" as shown in this week's Barron's ... I'm impressed on effort and idea.... perhaps their idea of a brain...
Maybe on something else as they pointed out the insider trading for the quarter...
I guess so... unless someone caught wind of tomorrows earnings report or was betting with play money short term... http://www.lulegacy.com/2015/11/03/emerge-energy-services-emes-to-release-earnings-on-wednesday/653502/
And an oil blockade in Libya http://www.nbr.co.nz/article/while-you-were-sleeping-oil-shares-rise-supply-fears-b-181067 adds to the rise evidently its classified here (but not NZ)....
CHK on CNBC shown interview of Carl Icahn good luck finding it...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118218191
If you can find it Carl Icahn spoke about his $CHK and other oil he has and plans to add more (hinted if it stayed down or even went down)... He spoke surely over 20 minutes it seemed anyway but why CNBC broke into parts I don't know... http://www.cnbc.com/2015/11/03/carl-icahn-warns-of-a-fed-minefield-ahead.html
The interviewer was very disrespectful (has Trump stuff sections somewhere too) but CNBC should get rid of interviewer if he works for them.
He gave a long story on ACF that he's owned for 31 years and should be taught in all the Universities. Hope they keep popping up as one watches them...
I think people are forgetting (/have forgotten) that oil was way over-supplied for at least 1.5 years before it finally sunk in with running out of storage of oil at 100+/bbl. Actually seems like nothing happened until they (UK... NATO... reluctant USA because they had to...) brought oil down to punish Russia (too obvious).
Why do they think oil will stay down or go down further? The same closing group of CNBC that said to short Exxon Thursday was crying like he bet the farm on oil moving oil companies down, and like its just got to or ruined.... Just barely hanging on to a hint that he maynot be done adding to CHK and another company he has. (That's at the end of the Carl Ichon interview.)
At a loss for the reason of oil movement... it wasn't over production that dropped oil it was filling temporary storage. Basically OPEC still trying to tell us what to do as in 73...
I assure you they (drilling companies) could any day reveal how they've had to keep drilling to increase production (which means someday its going to cough air instead of oil out the valve. But some agreement (maybe a secret one, which could be why Obama did classify TPP?) keeps them from reporting truth... Which to me is wrong as this is the Information Age and we should know....
Obama took office with people saying he wanted gasoline to go to 4-5 per gallon to get development of alternative transportation then came Tesla then went gas going up, then came oversupply then came refinery shutdowns to keep us used to $2 gasoline (maybe to keep Tesla hanging on by a thread)... But also in the mix (funny) is NG conversion in Truck Transportation (keeping Obama happy) but how this seems to hang on while Obama is in office, so maybe (not funny) they plan to crash oil in a year plus to rid Tesla cars and NG trucks out of business, but they could never get away with that now as who knows what he would do to keep alternative energy alive? Hmmm like raise oil prices again?
But that means they didn't believe or read:
So how does this work on BK? What's the best strategy on unknown outlook?
Example...
Does one short now at .27 then buy same at .23 looking in .04 a share gain no matter which way it goes then once past .50 everything in shares is profit (lost short cost).... but this late in the game not much profit for total loss. So hedged shorters even want it to go way back up...
Free crab tomorrow at Joe's Crab Shack too...
I yawn at their attempt to short it... (chart down to 38) could care less, this stock is going up long term with past performance (but past performances of stocks cannot make future performance a most follow....
...and last week you were willing to wait until this week? weird dude, taking a chance like that... I decided they were a nice buyout and just got it without regard to getting an extra 25% if I had waited on past fall... you just don't know... unless you know the big guys that move the market... but you can see plenty of attempts to move this down by chart too... looks more and more like a buyout as it keeps chugging up the hill...
You're right, if they perceive him as evil and they have fire and brimstone ladies on jury... he'll have no chance but expect Maximum John spirit upon the jury...
USA shares have not reflected UK price move up yet... http://markets.investorschronicle.co.uk/research/Markets/Companies/Summary?s=GKP:LSE
So 28.1 pen is .43 USD not .415
http://coinmill.com/GBX_USD.html
Abilene? If case is there and he's strong in the community (as in the local University) their ain't a soul among them that won't believe their brother Chris.... SEC loses.
Hear, here! Yeah selling an oil pipeline could be like picking up a coffee pot... nutty...
Anyway, Cramer, CNBC MadMoney, said oil pipelines were running half full (hard to make money on oil pipeline right now)... But you never know, KinderMorgan may want what MHR has... cause they start with Mmmmm Mum
You mean just the undrilled assets that they put up for sell?
We'll know soon enough when they reach 5% of the shares outstanding and they have to file stating their intentions for one thing.... I would figure someone like Pickens who's known to take advantage of values rather than Exxon who's known to require major production wells to keep... As BTW, what if Pickens sold his CHK 20-33/share... bought back below 12 and now has cash galore for okies like SD?
Be sure and purchase this week's Barron's... page 17 ... picture of Rich Kinder... anyway Barron's says it could fall another 20% (fell 40% since May).... Rich dismisses skeptics (pic writing)....
Been thinking this morning... Hedge fund, billionaire or Chinese could be playing the market to make sure of failures in oil companies (say like Sabine Oil, that drilled a lot of NG wells but look, someone drove NG down when Pickens promised it would be $3/mcf)...
Then they could buy assets in their formed LLC's (all the while making money on the downfall in commodity puts and sell calls and shorts in trouble companies) then clean up again after they backoff and it rises again (NG i.e.) and then sell assets to their owned operating companies.
Chinese recent investment into oil play around Big Spring, Texas is an example of them taking advantage of debt strapped companies.
I still think Saudi's are going to run low on oil mid-term, they'll regret not curbing production now... oops, I forgot Gulf Keystone was planning on going deep for a new potential bigger find... I assumed that meant Saudi's already did.
Remember when Saudi's dropped production then were accused for a couple of years plus of possibly losing production and not curbing for price support? Then time to develop new fields/depths ... they started raising production... I think they're pulling our leg and may soon run into problems (maybe big problems if they've been hiding production supports by more re-drills or horizontals or deeper... It's going to get super high priced oil if that's the case for several months as it'll take a while to get the drilling exploration gang moving again...
It probably didn't help having Conoco announced recently trying to rid their offshore undeveloped leases... (especially in the long run what if glut continues)... but long run should be good here as I would assume Noble still owns shares in $PGN ?
Yeah... they could buy into a BK oil like Sabine(.02) and hope common comes out (actually they should know ahead of time being in Houston) or a company like Sandridge9 (.37/share) which avoided Bankruptcy (BK) or a super oil field find company in Northern Iraq http://www.gulfkeystone.com/operations/kurdistan-region-of-iraq/shaikan (.42 /share, 40,000 bbls/day moving to 66k then 100k/d) and start this thing up again.. lol probably better results than hanging on to Radio Shack (but it did go up after suggesting, just had to sell or nothing)...
What are these new claims in NV on Lithium? (Which companies?)
Suncor has admitted to M & A (Merger and Acquisition) for Canadian Alantic oil assets... BTW (By-the-way)...
Erbil, Iraq (GUKYF Iraq offices)
USA Special Forces being sent to MiddleEast for stabilizing the area (Iraq) just highlighted on CNBC...
I saw some story on FoxNews last night on that flipping channels and basically they should've added to the lack of cheap labor reason for raising child limits to what it really is, people enjoy making good money and relaxing in style (more than lack of labor)... It's more like what we've run into here... We have the labor but the labor would desire fair living wage... so to screw us out of jobs they let illegal and legal immigrants in instead just paying a living wage...
Or was it their plan all along, with the empty cities they need the people now? I don't like the thought of it but it'll have to be you buy from China or we nuke you in order to put those cities to use with employed workers... I mean other than food and cloths what could the world population work for and demand in stores with populations growing elsewhere (Indo, India, Africa .... China... Near Asia and MiddleEast - all places of low income high population... or in other words places that don't have good living but too many people with nothing to do... so everyone needs free Internet and a smartphone to keep them busy instead of riots and war... but who feeds them?)...
Get ready for orbit... oil is jumping up...
It would be interesting to see the governments' position on the LLC that assigned the East Texas well to Treaty Energy as at the time it was said it was up to the certain person to assign it to Treaty or another company for development.
If people gave money for Treaty and they developed another company instead (that would not be right)... but whether a law exists or not to prevent it is another question. It's funny how law wants you to define certain things then expect common sense on others....
... okay ... edit...
What I called LLC up there was just a generic label for whatever partnership it was and not a specific yes or no LLC mention in the post responded to... See how its difficult to know what was meant?
$XOM has now stated that the USA WTI oil is significant enough to depend on...