They're just trying to take our board seat
Everything looks good for this company to be a money maker, but the time horizon is so far off.TriumphForks said:
Last two big news drops for WWR have been met with an impressive day of boost followed by days and days of disappointment. I thought this last announcement would be the one to get WWR to show some life but alas.....
confucius_ag said:
Taking some serious soul searching to hang on to WWR
PROG presenting a textbook bull flag. Should rip any day now.H-town ag said:
PROG trying to squeeze here.
Reminds me of our special teams coach in HS that would pay us $5 if we could manage to not just pancake but had to also surf on the poor sucker hahaFJ43 said:
Lets hope we play this aggressive. From PremiumIs this WWE or high school football…? pic.twitter.com/ZlxABcGLcm
— On3 Recruits (@On3Recruits) October 15, 2021
Exactly my feelings. Seems like better investments out there in the short term. No FOMO in this one. I think you will have plenty of time if/when there is a reversal.Philip J Fry said:confucius_ag said:
Taking some serious soul searching to hang on to WWR
Have 10K shares in my 401K account, but I decided to let go of it in my swing trade account. I'll keep my eye on it for signs of reversal, but it's costing me other opportunities by holding it. Same for CLOV.
NRD09 said:
I bought a crwd 272.5 for next week, feels like someone is trying to keep it down through today's expiration after this week's partnership news and subsequent rip
tlepoC said:
PROG can rip now. Just bought back my covered calls on it at a slightly higher price than I intended. Didn't want to risk it.
I mean, it's not even at the lows of this week...confucius_ag said:
Taking some serious soul searching to hang on to WWR
LOL, their buddies are probably planning to rug pull next week.infinity ag said:
Now the "analysts" are pumping up the market saying the worst is over
If they're taking a hedge loss in futures, there's an offsetting gain in cash in there somewhere - that's why you hedge and lock in a margin. I don't know what this company's hedging program looks like, but it's not a hedge if they're declaring a loss without citing he offset in cash position - that's a speculation move. Seen this before and it usually leads back to someone speculating and not unwinding the futures at the same time cash is being lifted. Management doesn't want to declare their incompetence publicly and the public (journalist) is not skilled enough to ask about the offsetting cash side,....so, they call it a "bad idea" and laugh it off. If they're a producer, they're always in a long position. Pretty basic stuff. Bottomline, they speculated.Triple_Bagger said:
$EQT
https://finance.yahoo.com/news/ceo-natural-gas-producer-eqt-162117083.html
I can't remember who was following this stock with me, but I exited today after reading this. They hedged 80% of their natural gas sales over the summer and are now trying to unwind those hedges at these much higher prices. Bloomberg estimates they will miss out on $5B in revenue next year due to their hedges (their market cap is $7.8B)
"EQT Corp. is unwinding natural gas hedges that its top executive said were "obviously" a bad idea....Obviously, we were wrong," Rice said.
$30,000 Millionaire said:
I'm thinking about buying some $DRIP
$30,000 Millionaire said:
/ES and /NQ are both at +1. I was surprised today was a green day with no rejection at the 61.8% fib level from the 4549 high on /ES. We are probably around a 70% retrace point.
The weekly closed above the 8 EMA after touching the 21 intra-week.
Gut tells me selling ain't over yet.
-They sold physical at $3.Triple_Bagger said:
Thanks for the response Farmer.
I don't think they're citing a loss, it's more that they're missing out on potential revenue. They locked in the sale price of their natural gas at $3 per unit and it's now trading at $6 per unit. They're still profitable at $3 per unit, but missing out on the additional profit (estimated $5B).
So they can unwind now and gain exposure to future increases in natural gas prices, but they missed the run from $3 to $6. They're having to pay that difference to unwind the hedge. Now if natural gas prices drop they will have a loss on the books.
$30,000 Millionaire said:
I bought some $DRIP and $CEI.
I think the lack of dips is not a good sign for this rally continuing.
Sorry, what I wrote above is true in principle.Farmer @ Johnsongrass, TX said:-They sold physical at $3.Triple_Bagger said:
Thanks for the response Farmer.
I don't think they're citing a loss, it's more that they're missing out on potential revenue. They locked in the sale price of their natural gas at $3 per unit and it's now trading at $6 per unit. They're still profitable at $3 per unit, but missing out on the additional profit (estimated $5B).
So they can unwind now and gain exposure to future increases in natural gas prices, but they missed the run from $3 to $6. They're having to pay that difference to unwind the hedge. Now if natural gas prices drop they will have a loss on the books.
-They would have purchased Futures (Long Futures) to offset the physical sale (Short Physical).
-In this scenario, the company is flat priced short with Futures risk. (Futures risk to the down side in this case)
-The Futures were obviously lower at the time of the physical sale.
-Going forward in time the Futures rose in price. The company had a Futures gain that was a direct result of their established "hedge".
- Obviously, the cash/physical price at $3 at the time of the sale was likely a price below today's market; however, it does not matter as the company has a Futures long that is appreciating with the market.
-When hedging commodities it's not a perfect strategy to secure the "locked-in" margin with a hedge using Futures, because Futures trading to establish, or remove, a hedge, may not be executed to the price levels wanted, so there is "slippage". However, $5 billion is not "slippage", there was a speculation taking place and I'll place a bet that the company "legged-into" the hedge or "legged-out" of the hedge without regard to the contract physical delivery period. Otherwise, the other alternatives are something is way wrong in their hedge room if the company leadership is publicly stating this was a "hedge" - their words, not mine.
The scenario, Flat-Price Short/Long Futures, has a Futures risk to the down side, not the up side. It would have been impossible to miss the run from $3 to $6.
The real question is, why would this company be Short Futures against a Physical cash sale (short)? That is not an orthodox hedge, it's a double short. That's a "Texas Hedge" to the short side. {The company would have to be Short Futures to miss the Nat Gas Futures price run up because their Physical was already priced. Again, their words.}
Whoever bought that $UPST 390/440 call spread 1500x is enjoying their week
— Loggyrhythm - Fear is transitory, greed is forever (@loggyrhythm) October 15, 2021
Have a great weekend! All September, #ES_F built a massive bull flag and on Thursday, broke it out. This is more than enough to see ATHs, but bulls need to defend it now
— Adam Mancini (@AdamMancini4) October 16, 2021
Plan next week: Pullback, 4420 holds & next leg to 4520, 4565+ starts. 4420 fails & lows aren't in yet $SPX pic.twitter.com/BsCcBmLquJ