Big action in futures with low liquidity. Price is going to fly around today. Nothing is safe
Stock Markets
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Last: 2 hrs ago by BucketofBalls99
It wasn't me, but I've been watching GE for a while now so I appreciate the article. I think once the 737MAX gets sorted out, GE could see a really nice bump (they'll get about 600 million in cash flow if I recall correctly), so I'm trying to keep an eye on it so I can move if I want.Prognightmare said:
I'm not in GE, nor do I trade it so I admittedly didn't read the article. I just posted it because I remember someone on here mentioning they did/were and I wanted them to have the information.
I doubled down hoping for a nice move today.Aggie_2463 said:
Futures may be up but I'm sure RIG will be red
Lets make some money today boys.
george_92 said:I doubled down hoping for a nice move today.Aggie_2463 said:
Futures may be up but I'm sure RIG will be red
Lets make some money today boys.
Citi maintained hold with target of $4.90. Well they are specific!
Random Twitter grab... Dude has 150 followers
USE HIS PRONOUNS!!!!
I'm an old Aggie petroleum engineer who has or had production in 9 states and Indonesia.
My 2 cents on oil and gas stocks is as follows:
Shale oil and gas isn't just in the USA, it's everywhere conventional oil and gas production is. So when the price goes up a little, the lowest cost producers will drill new wells, hit the market with new supply and the price will drop back down. Just in the US alone, the Marsellus Shale covers West Virginia, Pennsylvania, part of Ohio and all of New York State. Historically, the magnitude of that size reservoir was unheard of in our industry. And there are many many more shales being delineated across the USA alone. Will other giant shales be drilled worldwide? Absolutely!
The oil and gas business used to boom every 20 years. Why? Because the average field was mostly depleted within 20 years. But today's gigantic shales fields will take 100 years to deplete. That's almost an order of magnitude. So I wouldn't bet on huge oil and gas price rises in my lifetime or young people's either.
So if you are investing in oil and gas companies, just know that your are selecting from a very mature industry and from hundreds of publicly traded companies worldwide. It's the type of investment where the dividend makes a big difference on your long term return. Or, in other words, almost the exact opposite of the stocks this board usually invests in.
For what it's worth, I don't own a single oil and gas stock.
My 2 cents on oil and gas stocks is as follows:
Shale oil and gas isn't just in the USA, it's everywhere conventional oil and gas production is. So when the price goes up a little, the lowest cost producers will drill new wells, hit the market with new supply and the price will drop back down. Just in the US alone, the Marsellus Shale covers West Virginia, Pennsylvania, part of Ohio and all of New York State. Historically, the magnitude of that size reservoir was unheard of in our industry. And there are many many more shales being delineated across the USA alone. Will other giant shales be drilled worldwide? Absolutely!
The oil and gas business used to boom every 20 years. Why? Because the average field was mostly depleted within 20 years. But today's gigantic shales fields will take 100 years to deplete. That's almost an order of magnitude. So I wouldn't bet on huge oil and gas price rises in my lifetime or young people's either.
So if you are investing in oil and gas companies, just know that your are selecting from a very mature industry and from hundreds of publicly traded companies worldwide. It's the type of investment where the dividend makes a big difference on your long term return. Or, in other words, almost the exact opposite of the stocks this board usually invests in.
For what it's worth, I don't own a single oil and gas stock.
tailgatetimer10 said:
Random Twitter grab... Dude has 150 followers
Right? Yet twitter had it top tweet under "economic data"
Wow.
TRNX Director 80k+ shares yesterday bought at $0.80
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=13596837&RcvdDate=8/15/2019&CoName=TARONIS%20TECHNOLOGIES%2C%20INC.&FormType=4&View=html
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=13596837&RcvdDate=8/15/2019&CoName=TARONIS%20TECHNOLOGIES%2C%20INC.&FormType=4&View=html
I needed to hear this. I keep telling myself to stay the f away from O&G. Thanks.pfo said:
For what it's worth, I don't own a single oil and gas stock.
OA1.... HEAR or COOP if they are both around that $9 range today?
Made a swing trade on both of them from the $8.90-$9 range to $9.40 the other day, going to re-enter a position.
Made a swing trade on both of them from the $8.90-$9 range to $9.40 the other day, going to re-enter a position.
For you degenerate riverboat gamblers, take a look a NIO $3 weeklies this morning. Look for a V before 9am. 2.90 is strong support. 3.20 easily attainable by tomorrow given recent volatility.
I almost pulled the trigger yesterday at .05 but decided to wait till this morning. Might have missed it. I'm talking small bet here like 10-20 contracts.
Very good insight. I'm convinced that public O&G investing is only a good option at this time for those looking for income from a reliable dividend. Maybe even on the PE side. I work at a PE that is doing quite well for over a decade and has been unable to find a buyer for the big flip. This year I think the board has given up on that dream and decided to shift focus, get cash flow positive (which we're still in good shape to do), and issue dividends.
OSTK opens at $17.06 - good for you 15.50 guys
They also put out monthly revenues of $1.9 million for July:
https://www.accesswire.com/556144/Taronis-Generates-July-Revenues-of-19-Million
https://www.accesswire.com/556144/Taronis-Generates-July-Revenues-of-19-Million
59 South said:
I almost pulled the trigger yesterday at .05 but decided to wait till this morning. Might have missed it. I'm talking small bet here like 10-20 contracts.
Picked up 10 at .04. $40 "investment" baby! Let's go!
I hate RIG lol
not sure why anyone is investing in offshore drilling, bad place to be in this market.Aggie_2463 said:
I hate RIG lol
maybe an mlp, but certainly not an E&P. Not much growth opportunity.deadbq03 said:
Very good insight. I'm convinced that public O&G investing is only a good option at this time for those looking for income from a reliable dividend. Maybe even on the PE side. I work at a PE that is doing quite well for over a decade and has been unable to find a buyer for the big flip. This year I think the board has given up on that dream and decided to shift focus, get cash flow positive (which we're still in good shape to do), and issue dividends.
Split againAggie_2463 said:
OA1.... HEAR or COOP if they are both around that $9 range today?
Made a swing trade on both of them from the $8.90-$9 range to $9.40 the other day, going to re-enter a position.
Mines more from long term shares I should of pulled out months ago that I didn't.Ragoo said:not sure why anyone is investing in offshore drilling, bad place to be in this market.Aggie_2463 said:
I hate RIG lol
Ragoo said:not sure why anyone is investing in offshore drilling, bad place to be in this market.Aggie_2463 said:
I hate RIG lol
Some of us are gluttons for punishment. Ask me how my big purchase of CHK in premarket is working out for me?
I had to jump off that train, I do hope it reverses for you!george_92 said:Ragoo said:not sure why anyone is investing in offshore drilling, bad place to be in this market.Aggie_2463 said:
I hate RIG lol
Some of us are gluttons for punishment. Ask me how my big purchase of CHK in premarket is working out for me?
OSTK breaking out?
in59 South said:59 South said:
I almost pulled the trigger yesterday at .05 but decided to wait till this morning. Might have missed it. I'm talking small bet here like 10-20 contracts.
Picked up 10 at .04. $40 "investment" baby! Let's go!
no sig
Bought ALGN
NIO earnings moved to 8/28 per RH... they always guess NIO's earnings dates wrong
was hoping it would be today...
was hoping it would be today...
E said:
NIO earnings moved to 8/28 per RH... they always guess NIO's earnings dates wrong
was hoping it would be today...
NIO goes off of the Nasdaq guess until a company actually announces. It's always a guess until a company announces a week or two before.
oldarmy1 said:
Bought ALGN
OA is this a trade or investment for you? I attended the recent William Blair Growth Stock Conference and attended Align's presentation and was impressed by their CEO. But Smile Direct's product is 60% cheaper. Align has the better product because they align your bite whereas Smile only straightens your teeth.
Also Align manufactures Smile's trays as well as their own. But Smile's much lower price to consumers and heavy advertising campaign appears very effective to me.
PES was delisted yesterday due to trading under $1
Tradepfo said:oldarmy1 said:
Bought ALGN
OA is this a trade or investment for you? I attended the recent William Blair Growth Stock Conference and attended Align's presentation and was impressed by their CEO. But Smile Direct's product is 60% cheaper. Align has the better product because they align your bite whereas Smile only straightens your teeth.
Also Align manufactures Smile's trays as well as their own. But Smile's much lower price to consumers and heavy advertising campaign appears very effective to me.
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