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 Posted: Mon, 7th Mar 2016 16:59 Post subject: |
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jesus christ, exxi went up hard . I'm really sad that I couldn't buy them. At least I got some CRK, which went down 50% after I bought them but now are at the initial value again. 
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Il_Padrino
Posts: 7585
Location: Greece by the North Sea
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| Posted: Mon, 7th Mar 2016 17:35 Post subject: |
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So if there is a chance to buy exxi, should I go for it? 
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Il_Padrino
Posts: 7585
Location: Greece by the North Sea
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| Posted: Mon, 7th Mar 2016 17:55 Post subject: |
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Hmm ok thx BTW do you have any idea why it takes days for my orders to be fulfilled?
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Il_Padrino
Posts: 7585
Location: Greece by the North Sea
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Il_Padrino
Posts: 7585
Location: Greece by the North Sea
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Il_Padrino
Posts: 7585
Location: Greece by the North Sea
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| Posted: Tue, 8th Mar 2016 23:34 Post subject: |
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Looks like a reset for Exxi in regards to that delisting notice. On the other hand, CRK just went down to 79 cents. It seems to catch a lot of momentum from price dumps now, unlike Exxi.
CRK remained at a solid dollar even when low was much lower than what it is now. So what could be causing this massive drop?
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| Posted: Wed, 9th Mar 2016 06:05 Post subject: |
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It's a NG producer more so and not oil. NG is very low right now.
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| Posted: Wed, 9th Mar 2016 17:54 Post subject: |
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Energy inventory build and prices are still going up... must be some really hardcore manipulation going on right now...
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| Posted: Wed, 9th Mar 2016 18:09 Post subject: |
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Nope, production and distillates continued to go down even with increased refinery intake.
It's not manipulation, you simply aren't seeing the big picture.
I have 10k shares at 40 cents. On track to make a butt load this year.
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Il_Padrino
Posts: 7585
Location: Greece by the North Sea
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| Posted: Wed, 9th Mar 2016 18:19 Post subject: |
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For CRK, I do think there is some manipulation in play though. Just look at yesterday's chart; 30 minutes before closing, the stock suddenly dropped with 25%.
There must have been a door there in the wall, when I came in.
Truly gone fishing.
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| Posted: Wed, 9th Mar 2016 22:16 Post subject: |
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What kind of target you looking at for exxi? Tough decision to flip at 3-4x profit or hold a couple of years for $80-$100 oil.
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HubU
VIP Member
Posts: 11366
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| Posted: Wed, 9th Mar 2016 22:19 Post subject: |
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| AmpegV4 wrote: | | What kind of target you looking at for exxi? Tough decision to flip at 3-4x profit or hold a couple of years for $80-$100 oil. |
Sell 1/4, keep the rest.
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
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| Posted: Thu, 10th Mar 2016 02:32 Post subject: |
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Very dirty article ran by Reuters after hours saying they were going BK, but it was based on language from a month old 8K. A lot of stops taken out due to panic selling by idiots.
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HubU
VIP Member
Posts: 11366
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| Posted: Thu, 10th Mar 2016 03:01 Post subject: |
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| Mchart wrote: | | Very dirty article ran by Reuters after hours saying they were going BK, but it was based on language from a month old 8K. A lot of stops taken out due to panic selling by idiots. |
You mean profit-taking by scavengers out for that recent ~300% surge?
Can't hardly blame people for taking advantage from a seemingly ailing company.
Grease the geese in Grece!
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
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nouseforaname
Über-VIP Member
Posts: 21306
Location: Toronto, Canada
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| Posted: Thu, 10th Mar 2016 03:58 Post subject: |
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ok, so I'm interested in this if only to do a bit of gambling outside of sports/blackjack (fuck you panthers and also fuck you guy who hit on 16).
how safe would say a $500 investment in in CRK be a year/2/5 from now? From what I understand the risk is that they go broke (like exxi looks to be doing) and that's pretty much it, if they survive the stock will go up a lot.
a lot of people here in my neck of the woods bought Nortel when it was like 13 cents a share (https://en.wikipedia.org/wiki/Nortel) thinking it could never go tits up but it did (BlackBerry next?) but oil/ng seems a bit more stable than tech stocks...
asus z170-A || core i5-6600K || geforce gtx 970 4gb || 16gb ddr4 ram || win10 || 1080p led samsung 27"
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| Posted: Thu, 10th Mar 2016 04:54 Post subject: |
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EXXI already made me a 300% return in a week. Oil is still going up. There are a number of companies that could offer a great return, you just have to be willing to take the risk. At this point your question has been answered pages ago. Either you believe the company will survive, or you don't.
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| Posted: Thu, 10th Mar 2016 05:39 Post subject: |
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Can't believe that article hit price by 15-20% after hours, how is that shit legal?
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Il_Padrino
Posts: 7585
Location: Greece by the North Sea
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| Posted: Thu, 10th Mar 2016 08:23 Post subject: |
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There was also a statement by Goldman Sachs that the minor oil companies were rising too fast in value, which had a big impact on the market.
There must have been a door there in the wall, when I came in.
Truly gone fishing.
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| Posted: Thu, 10th Mar 2016 15:29 Post subject: |
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http://af.reuters.com/article/libyaNews/idAFL5N16I2J9
| Quote: | DUBAI/LONDON, March 10 (Reuters) - A meeting between oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March 20, sources familiar with the matter say, as OPEC member Iran is yet to say whether it would participate in such a deal.
OPEC officials including Nigeria's oil minister have said a meeting would take place in Moscow on that date, potentially as the next step in widening an agreement to freeze output at January levels struck by OPEC members Saudi Arabia, Venezuela and Qatar plus non-member Russia last month.
But the biggest roadblock to a wider deal, OPEC delegates say, is Iran. Tehran feels it should be exempt from the agreement as it wants to recover market share it lost under Western sanctions. Kuwait said on Tuesday it will commit to the deal - if all major producers including Iran do so.
"They are not agreeing on the meeting. Why would the ministers meet again now? Iran says they will not do anything," said an OPEC source from a major producer. "Only if Iran agrees, things will change."
The pact on freezing output has helped support oil prices, which started a slide in mid-2014 due to oversupply. Brent crude was trading above $40 a barrel on Thursday, up 50 percent from a 12-year low of $27.10 reached in January. |
Lets see how this affects the sentiment... think it's gonna go down from here. WTI has only been up because of sentiment as of late.
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HubU
VIP Member
Posts: 11366
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| Posted: Thu, 10th Mar 2016 15:48 Post subject: |
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 Spoiler: | |
What in the sacred name of the Holy Fuck is going on with this stock?
More like:
| Spoiler: | |
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
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| Posted: Thu, 10th Mar 2016 16:45 Post subject: |
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| HubU wrote: | | Spoiler: | |
What in the sacred name of the Holy Fuck is going on with this stock?
More like:
| Spoiler: | |
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Sucks that it's too hot to go short/long now.
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| Posted: Thu, 10th Mar 2016 18:27 Post subject: |
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IMO that Reuters article is absolutely shady and worth having the writer investigated. It references a statement over a month old, and the headline is suggesting something more.
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Il_Padrino
Posts: 7585
Location: Greece by the North Sea
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| Posted: Thu, 10th Mar 2016 18:49 Post subject: |
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Probably somewhat related to the news in Europe, with the ECB dropping interest 0.5 to 0% and announcing to buy €20 billion more state/bank obligations each month (80 billion in total).
There must have been a door there in the wall, when I came in.
Truly gone fishing.
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| Page 12 of 14 |
All times are GMT + 1 Hour |
Things can still turn around, but it seems oil is going back to 40$ in no time.
