That should be about 368, right?
storey979 said:
Anyone know anything about Tellurian? Is it a dead duck now without the Driftwood LNG?
going short on a green open, seems to work every time in this market.Ragoo said:
SPX opened at the upper bollinger on the 30 min. Easy put scalp for $900. Done and done.
Yeah, if it stays above the 20 day MA today, it's probably heading to the 50 day @ 3900.Quote:
If S&P gets through today's high, it has runway on the uptrend to 3880.
great stuff!M4 Benelli said:
Think im finally going to answer Farmer's bongo drums amd sing Babaaaaaloooooo. Though Im leaning towards the Texas Tea of BPT. Today may be a good entry point as they opened -8% on the day on fattie divy week.
Q2 had a Tessa Holiday divy of $1.40, while Q3 saw a Delta Burke divy of .70 cents. Given the share price, this has black gold and green dollar signs all over it aslong as you boooolieve the thesis that Farmer is spewing that WTI is going to get higher than Hunter in a ****et motor lodge.
P/E currently at 5, div yield at 32%.
RSI at 38, could go back into the 10s, but 11s seems to be a good legging point. Currently under 50% off the High in June. Bear case, Brandon is a swell fellow, oil tanks, and the pain of your port is cushioned by less pain at the pump.
I will say this that Cameron LNG is one of my customers and drove by Driftwood to check it out a few months ago and construction was full swing with cranes everywhere. I couldn't driver close enough to get a great view but I would imagine funding will come from somewhere with already breaking ground and starting. Just my speculation thoughTexas Tea said:storey979 said:
Anyone know anything about Tellurian? Is it a dead duck now without the Driftwood LNG?
That's a tough one. They have their permitting which has value but how much? The problem is/was the structuring of their downstream contracts. If they get those worked out, they should be okay. Someone in the industry told me last week that he wouldn't bet against Souki but he wouldn't necessarily bet on him either. Cheniere looked like they might crash and burn back in 2009(?) and they survived.
Having said that, Cramer seems to like them so take that into consideration.
I agree and good points. My main concern is that with all of their issues, can their current $1.5 billion valuation be justified? If they don't get funding, someone will pick up the pieces but how much are they willing to pay?bmoochie said:I will say this that Cameron LNG is one of my customers and drove by Driftwood to check it out a few months ago and construction was full swing with cranes everywhere. I couldn't driver close enough to get a great view but I would imagine funding will come from somewhere with already breaking ground and starting. Just my speculation thoughTexas Tea said:storey979 said:
Anyone know anything about Tellurian? Is it a dead duck now without the Driftwood LNG?
That's a tough one. They have their permitting which has value but how much? The problem is/was the structuring of their downstream contracts. If they get those worked out, they should be okay. Someone in the industry told me last week that he wouldn't bet against Souki but he wouldn't necessarily bet on him either. Cheniere looked like they might crash and burn back in 2009(?) and they survived.
Having said that, Cramer seems to like them so take that into consideration.
Agree here, definitely worth it. I was on this when it was well below $1 and then it popped. Sold then bought back in. Since have lost my shares due to CC trying to lower basis but I very much plan to work my way back into shares selling puts. Personally I like it due to Souki being involved and as stated, one of the Cheniere Founders. I am curious on Cheniere on how this Europe situation will affect them. My buddy said that was my homework and I have slacked in that department. He probably will read this later and scold me on my failures haha.Texas Tea said:I agree and good points. My main concern is that with all of their issues, can their current $1.5 billion valuation be justified? If they don't get funding, someone will pick up the pieces but how much are they willing to pay?bmoochie said:I will say this that Cameron LNG is one of my customers and drove by Driftwood to check it out a few months ago and construction was full swing with cranes everywhere. I couldn't driver close enough to get a great view but I would imagine funding will come from somewhere with already breaking ground and starting. Just my speculation thoughTexas Tea said:storey979 said:
Anyone know anything about Tellurian? Is it a dead duck now without the Driftwood LNG?
That's a tough one. They have their permitting which has value but how much? The problem is/was the structuring of their downstream contracts. If they get those worked out, they should be okay. Someone in the industry told me last week that he wouldn't bet against Souki but he wouldn't necessarily bet on him either. Cheniere looked like they might crash and burn back in 2009(?) and they survived.
Having said that, Cramer seems to like them so take that into consideration.
It might be worth a small gamble. I've certainly made dumber investments.
Spoony Love said:
If that is gap fill and we bounce to an intraday MT, that would be 371.5ish. Premium on a tomorrow expiry 371C is 1.97, well within range of today's high. I'm not trading but it wouldn't surprise me to see us run back up today or tomorrow.