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ORIG...a nice, risky oil play

65,928 Views | 398 Replies | Last: 5 yr ago by The Wonderer
IrishTxAggie
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AG
quote:
It appears BFC was inexplicably permabanned. He did buy options today however:



99 contracts of the 5$ Jan. '16 calls.


Sock found... Spreadsheet updated.
DuckDown2013
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AG
It's sad that this board is no longer a trustworthy place. I don't post much, but I enjoy the education opportunities on this board.
GarlandAg2012
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AG
Man this thread got weird.
pootiessock
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Fwiw bfc announced the new o'line coach hire and had it out with looch in the zoo. Real funny exchange.
T Durden
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AG
Oh baby, this thing is about to blow up! Get on while there is time! Up 7% today.

My VGENX has taken a 10% dip since I purchased though

BigAg_12
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AG
I'm sure Mays will say he never actually shorted it
burnt ends
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Up 10% in one day. That is nice but I have my eye on a much bigger prize with ORIG. And while I made $2500 today alone I'm still down overall.

I've always said timing the bottom was going to be the most difficult part, and to be honest I don't know if we've hit the bottom yet.

Those inventory numbers looked good and the numbers from two weeks ago looked good as well but everyone forgot about them after last week's surprise build.

What I do know is ORIG is a coiled spring. I've said it from the beginning. The short squeeze will be incredible, as Mays can attest to. Thanks Mays!!!
BigAg_12
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AG
Mays is a coiled spring gathering textbook babble as we speak....
IDaggie06
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AG
Mays also apparently has burnt ends
MaysAggie2015
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Closed out the shorts on Tuesday for ORIG, ESV, and ATE. I took PFO advice and went long into ETE, SLB, and NBL. Nice return in a week.
MaysAggie2015
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?
MaysAggie2015
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Sold Tuesday at 4.02 and rolled into ETE and EPD. Ha sorry brisket fat.
Furlock Bones
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This is an entertaining thread.
burnt ends
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quote:
Sold Tuesday at 4.02 and rolled into ETE and EPD. Ha sorry brisket fat.


HAHAHHA

Who didn't see this coming?

As I've always said I post things real time and I don't duck and run if things are rough:

http://i.imgur.com/sNXtBc3.png
IrishTxAggie
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AG
You realize that exposing yourself after receiving a permaban leaves the door open for you to get another permaban. Using a new name while still pointing out who you are is stupid.
burnt ends
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I'm not BFC but I do know him very well.
IrishTxAggie
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AG
quote:
I'm not BFC but I do know him very well.


Sure you're not... Just so happens that your account was created at the same time he was permabanned and he sends you screenshots of his Scottrade account...

I admire your consistency of staying with types of BBQ for your handles. Some of the best burnt ends I've ever had were in Kansas City.
burnt ends
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Lost in the shuffle today was Saudi Arabia announcing they are going to scale back production very soon. We could see a million barrels of production lost in the next 5 months between the US and SA. And thats just two countries, think about the rest of the world and what they may be pulling off the table.
burnt ends
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This article mention 1/2 million barrels pulled off the shelf by SA by year's end: http://www.marketwatch.com/story/saudi-arabia-to-trim-oil-production-after-summer-2015-07-29
MaysAggie2015
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Funny you call BS. It was actually sold at 4.21 and bought at 3.96. Little better than I remembered.

Thanks again to pfo.
ATM9000
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AG
Snap... See you later quarterly dividend.
Furlock Bones
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AG
ouch
IrishTxAggie
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AG
There's a buzzcut!!!
jh0400
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AG
It's beginning to look like there was a flaw in the diligence process.
MaysAggie2015
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What did I miss? Sorry....
El Chupacabra
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quote:
quote:
I'm not BFC but I do know him very well.


Sure you're not... Just so happens that your account was created at the same time he was permabanned and he sends you screenshots of his Scottrade account...

I admire your consistency of staying with types of BBQ for your handles. Some of the best burnt ends I've ever had were in Kansas City.
Jack Stacks, and it's not close. Arthur Bryant's are terrible.
burnt ends
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jh0400 said:

quote:
It's beginning to look like there was a flaw in the diligence process.


This was posted in BFC's 2nd post on page1:

quote:
I'd cut the dividend tomorrow if I were CEO. The stock will probably drop a good 10% when they do but I'm not afraid as I plan to buy a lot more of the stock moving forward.


The "diligence" post looked to be spot on IMO.


MaysAggie2015
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Pig rolling in money gif
burnt ends
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Mays...says he shorted the stock and got out, AFTER it gained 10% in one day.

On 7/29:

quote:
Sold Tuesday at 4.02

and later that same day:

quote:
It was actually sold at 4.21

pig rolling in lies gif
MaysAggie2015
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Do you not understand how shorts work? I sold shares at 4.21. I then covered the short at 3.96.

Im on a plane to NYC, you can have screen shots in the morning to lube you up for the daily morning tinker belling.

6% gain and a gigantic HPR. Don't be sad you keep getting burned.
burnt ends
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Can you include a fat hand in the screenshot/pic?
MaysAggie2015
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You must like your entire brisket burned. Not a good last 36 hours, or 6 months for ORIG.

Thank you for providing us the opportunity to laugh at your trade. Lonestar card application ready?
IrishTxAggie
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AG
The five day chart looks like batman.

SECond2noneAgs
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AG
quote:
The five day chart looks like batman.


Top notch financial analysis, sir.
MaysAggie2015
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Left shoulder? Check
Head? Check
Right shoulder? Check

Bearish indicator: Yup
 
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