Replies to post #1190 on Energy XXI Ltd fka EXXIQ

[Drugdoctor]

$2.75 is better than $3.75, but EXXI is really struggling now, and I think the $2.30 lows may get tested... The oil price is NOT recovering nearly fast enough to bail EXXI out, and their hedges will expire in 6 months. Losses to be reported will be massive this quarter... and the chart is terrible. Otherwise, probably a great buy, lol... GLTY