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Posted: Sat, 6th Feb 2016 02:28 Post subject: |
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HubU wrote: | Mchart wrote: | HubU wrote: |
They still operate at a loss, aren't they? So even if they buy back cheap debt, they create some more everyday by not generating a profit, or am I completely wrong? |
They aren't taking on new debt, they're burning through cash. Buying the bonds clears out some debt which means less cash that need be burned as less interest. |
Yeah, so they're just burning money more efficiently. |
Right, but $30 mil for $2bil cleared is pretty god damn efficient.
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HubU
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Posted: Sat, 6th Feb 2016 09:59 Post subject: |
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I wasn't trying to be a smartass, just trying to figure out how monday's news are going to be percieved.
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
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Posted: Sat, 6th Feb 2016 19:42 Post subject: |
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HubU wrote: | I wasn't trying to be a smartass, just trying to figure out how monday's news are going to be percieved. |
It really all depends on if they are the ones actually doing it or not. Although even if they aren't buying back their own debt it makes zero sense for someone to be buying $30 mil worth of bonds on unsecured debt if the company is going to declare bankruptcy.
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Posted: Sun, 7th Feb 2016 14:15 Post subject: |
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Last chance to buy a couple of stock points, Oil will go up next month, also the same for Gold.
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Posted: Sun, 7th Feb 2016 18:59 Post subject: |
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kazuma_kiryu wrote: | Last chance to buy a couple of stock points, Oil will go up next month, also the same for Gold. |
Could as easily go down.
Again this is a speculative value investment.
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Il_Padrino
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Location: Greece by the North Sea
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Posted: Mon, 8th Feb 2016 19:06 Post subject: |
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It's a crapshoot; that's why I leave some funds in long term and forget about them and daytrade with other funds.
Short term I do expect the price to go up quite a bit after ER assuming they are the ones buying back their own debt.
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whited
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Location: Close to New Center of Evil
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Posted: Tue, 9th Feb 2016 13:27 Post subject: |
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http://www.bloomberg.com/news/articles/2016-02-09/goldman-sees-more-oil-swings-that-could-drag-price-below-20
Code: | Oil could drop below $20 a barrel as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs Group Inc. predicted.
Capacity to store crude has been exhausted in some places, said Jeff Currie, Goldman’s head of commodities research. Prices may need to drop low enough to halt crude output that can no longer be stockpiled, he said.
“Once you breach storage capacity, prices have to spike below cash costs because you have to shut in production almost immediately,” Currie said in an interview with Bloomberg Television. Volatility will surge and he “wouldn’t be surprised if this market goes into the teens.” |
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Posted: Tue, 9th Feb 2016 14:07 Post subject: |
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HubU
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HubU
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Posted: Tue, 9th Feb 2016 19:26 Post subject: |
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The Feds, this bunch of thieves, wanted to up the interest rates, called off their march meeting, and there is talk of negative interest rates in the US (in Japan it's already on motion).
Soon, in a currency collapse near you, Yellen will tell you all is fine.
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
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Il_Padrino
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Location: Greece by the North Sea
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Posted: Tue, 9th Feb 2016 19:50 Post subject: |
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Yeah, gold is up by 20% in the last 3 weeks. Something's gonna implode.
There must have been a door there in the wall, when I came in.
Truly gone fishing.
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HubU
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Posted: Tue, 9th Feb 2016 20:02 Post subject: |
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Il_Padrino wrote: | Yeah, gold is up by 20% in the last 3 weeks. Something's gonna implode. |
Bubbles will go *pop*! Like China will collapse under it's outstanding 30 TRILLION debt, it's HUGE housing bubble, and it's tech companies valued sometimes at 250x their earnings.
Buckle up buddies, and be ready to short the suckers.
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
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Posted: Tue, 9th Feb 2016 21:24 Post subject: |
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Just a matter of time.
Again; We're sitting at 1-2% oversupply and rig counts in the US are dropping fast. People also keep claiming shale is a game changer, but what they don't account for is that shale rigs only produce for about the first year of operation and then drop off to almost nothing. It won't be much longer until we are sitting with undersupply. I believe this is why Saudi Arabia is not cutting. They are smart enough to realize that if they maintain max output the situation will correct itself anyways and we'll be under supplied even w/ OPEC nations at max output.
Whatever US producers survive this will be worth a fortune when oil comes back. When you look at the value of EXXI's proven reserves and their cost to operate they are a $70-80 a share company at $100 oil; Potentially more since they'll have almost no debt left. They were largely undervalued even a couple years back w/ the debt. Similar companies were trading at least twice what EXXI was trading at.
And I agree we're about to go through or already are in another recession. Historically the economy always lags behind what happens to oil. Oil drops and then raises fast, and around the time of oil skyrocketing back up is when the economy is hit hard as everyone was operating off the cheaper prices.
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HubU
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Posted: Wed, 10th Feb 2016 00:58 Post subject: |
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I'd like to point out that Iran now being 'allowed' to sell oil doesn't mean that there is more oil supply now. It only means Iran is making more money because they aren't having to sell their oil under the table.
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Posted: Wed, 10th Feb 2016 08:36 Post subject: |
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Sentiment on the markets all over the world has been negative for a couple of weeks. EXXI doesn't move in correlation with crude oil lately - which to me is a bad sign. When theres a spike in crude, EXXI should rise too.
Seems like investors are very cautious about the toxic stuff especially in energy sector. Just lol @ CHK aswell. Going to buy EXXI for 30 cents next week.
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HubU
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Posted: Thu, 11th Feb 2016 09:50 Post subject: |
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Don't you just love it when a plan comes together? WTI now under 27 dollars
EXXI will go below 40 cents so fast you just cant even believe your eyes
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Posted: Thu, 11th Feb 2016 12:29 Post subject: |
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To think I didn't DWTI when it was at 33.3 bux
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HubU
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Il_Padrino
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HubU
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Posted: Fri, 12th Feb 2016 10:52 Post subject: |
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HubU
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Posted: Fri, 12th Feb 2016 15:18 Post subject: |
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HubU
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Posted: Fri, 12th Feb 2016 17:10 Post subject: |
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+8.89% oil rebound
Oil rose the most in three weeks as equities rebounded and an OPEC reiterated its willingness to engage with other producers. The CBOE Crude Oil Volatility Index, which measures expectations of price swings, climbed to the highest level in seven years Thursday. Producers are ready to work together and won’t make cuts unless there is complete cooperation, United Arab Emirates Oil Minister Suhail Al Mazrouei said on a Sky News Arabia report posted online Feb. 10.
EDIT: http://finance.yahoo.com/news/why-cushing-crude-oil-stocks-113222085.html
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
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Posted: Fri, 12th Feb 2016 19:59 Post subject: |
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