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 Posted: Thu, 10th Mar 2016 18:50 Post subject: |
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| Posted: Thu, 10th Mar 2016 18:58 Post subject: |
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Yeah, I know. It's shaken things up quite a bit!
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| Posted: Thu, 10th Mar 2016 19:39 Post subject: |
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| Posted: Fri, 11th Mar 2016 06:34 Post subject: |
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| farne wrote: | | http://petroglobalnews.com/2016/03/energy-xxi-ltd-may-seek-bankruptcy-protection-next-week/ |
From the same BS reuters article, that referenced language from over a month ago.
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HubU
VIP Member
Posts: 11364
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| Posted: Fri, 11th Mar 2016 21:58 Post subject: |
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Business analysts about EXXI are like
 Spoiler: | |
It still looks like a freak circus though. In 4 short business days we'll know what's what.
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
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| Posted: Sat, 12th Mar 2016 02:30 Post subject: |
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Cramers calls are notoriously bad. Yes, there is definitely something up media wise. None of the reporting is even factual and has out of date data among other things.
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HubU
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Posts: 11364
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| Posted: Sat, 12th Mar 2016 05:34 Post subject: |
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| Mchart wrote: | | Cramers calls are notoriously bad. Yes, there is definitely something up media wise. None of the reporting is even factual and has out of date data among other things. |
Their analysis looks like what a parent would take out out of their child report, it's sadening.
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
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HubU
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Il_Padrino
Posts: 7573
Location: Greece by the North Sea
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| Posted: Fri, 18th Mar 2016 10:38 Post subject: |
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Any reason why stocks aren't moving, despite the huge oil rally these last days? It's back over 40$, but there's no reaction it seems?
There must have been a door there in the wall, when I came in.
Truly gone fishing.
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| Posted: Sat, 19th Mar 2016 23:29 Post subject: |
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| vitupuuks wrote: | The problem with EXXI debt restructure imo is that I see no way the current shareholders could get more than 5-10% of equity when the deal with secured debt holders is made.
The company is done. Price was 0.4817 on 16th February when I predicted its all over. Ill check back in a month, hopefully I was wrong. Best of luck. |
Its your boy vitupuuks back at it. Looks like I was wrong. Any clue why Lachance cashed out @0.63?
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HubU
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Posts: 11364
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| Posted: Sat, 19th Mar 2016 23:48 Post subject: |
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| vitupuuks wrote: | | vitupuuks wrote: | The problem with EXXI debt restructure imo is that I see no way the current shareholders could get more than 5-10% of equity when the deal with secured debt holders is made.
The company is done. Price was 0.4817 on 16th February when I predicted its all over. Ill check back in a month, hopefully I was wrong. Best of luck. |
Its your boy vitupuuks back at it. Looks like I was wrong. Any clue why Lachance cashed out @0.63? |
Because he's a pussy? This company really is Pandora's box.
Doesn't follow oil, doesn't follow shit, actually. Their possible impending doom relies on the bond payment, and the impossible-to-figure (without inside knowledge, of course) possible BK announcement. But since there is a oil rally, with oil beginning to, shily, rise above the 40's, they might (should, IMO; will, if they have any senses) follow through.
Like my main hawaian man Chart said, this is possibly a high 50$ company. I myself don't see that happening anytime soon, but if by the end of the year if the juice stabilizes around 47-50$, they will return to profit, and from the depth of the below-a-dollar uncertainty limbo, to a healty 5-6$ at least.
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
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HubU
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| Posted: Sat, 19th Mar 2016 23:53 Post subject: |
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I'd like to know what you think about that, since McChart talked about break-even, while I'm talking about profit. I don't care if a company pays it's dues, I want it to become liquid.
Does any of you have a theory about that?
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
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| Posted: Tue, 22nd Mar 2016 16:02 Post subject: |
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That was a normal options payment. Look up RSU and options. You always cash out options. Think of that like his normal yearly salary. He still holds millions of shares.
Making money price for exxi is in the realm of high 50s. Break even is mid 40s.
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| Posted: Wed, 23rd Mar 2016 04:51 Post subject: |
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I'm holding this thing to riches or bk, nevertheless quite scary at this point oil could go either way. Concerned the middle east will just not allow oil in the mid 40's and were going to see this reverse back into the depths.
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| Posted: Thu, 14th Apr 2016 01:23 Post subject: |
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This is ridiculous, one minute tracking just over $1 then BAM reuters drop another rumour mill article stating no new news.. .30c AH gameover.
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| Posted: Thu, 14th Apr 2016 03:00 Post subject: |
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It's another rumor article based on nothing just like last time. I stopped paying attention honestly, it's for the better.
Well, restructuring posted; I'll carry the tax loss forward. Not a big deal, will be paying attention though as this company is still worth a lot once oil recovers.
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| Posted: Thu, 14th Apr 2016 10:58 Post subject: |
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Its all over guys.
Time to move on with SUNE.
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| Posted: Thu, 14th Apr 2016 12:28 Post subject: |
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Equity holders will be washed out. I'm sorry.
| Quote: | The Restructuring Support Agreement provides, among other things, that:
•Existing common stock and preferred stock of the Company would be extinguished, and existing equity holders would not receive consideration in respect of their equity interests. |
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| Posted: Thu, 14th Apr 2016 12:57 Post subject: |
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| Posted: Thu, 14th Apr 2016 14:29 Post subject: |
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Good while it lasted while trading, my options long term are done though. Hoping some value will be left trading today due to shorts needing to cover. Shame oil was just 1 quarter to late in recovering for this.
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HubU
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| Posted: Thu, 14th Apr 2016 15:28 Post subject: |
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Oil is still going up, the issue is that exxi management gambled it would recover last fall like a lot of us.
Back to my old standby wwe.
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Il_Padrino
Posts: 7573
Location: Greece by the North Sea
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| Posted: Thu, 14th Apr 2016 16:16 Post subject: |
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| Posted: Mon, 18th Apr 2016 01:36 Post subject: |
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Well let's hope that CRK doesn't pull of the same shit  I guess I was lucky that my bank somehow did not allow me to grab some exxi shares 
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| Posted: Fri, 22nd Apr 2016 00:21 Post subject: |
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Trying to make some money back on both REXX and GST. Had some good runs up on others like MCEP, but i've sold off those positions due to the great runs the past couple of months. Hoping the small natgas companies like REXX and CRK will have a run here soon.
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Il_Padrino
Posts: 7573
Location: Greece by the North Sea
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HubU
VIP Member
Posts: 11364
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| Posted: Sat, 14th May 2016 13:59 Post subject: |
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