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Talking stocks, trading, and investing in general - Page 610

post #9136 of 11163

All I know is my precious metals fund is sure rallying these days!

post #9137 of 11163

AAPL surprisingly resilient today. They must be initiating massive buy backs today.

post #9138 of 11163
lurker[1].gif
post #9139 of 11163
AAPL should be >$80. But all the SWF and buyback made it drop like a feather.
post #9140 of 11163
Quote:
Originally Posted by chogall View Post

AAPL should be >$80. But all the SWF and buyback made it drop like a feather.

What's SWF?
post #9141 of 11163
Quote:
Originally Posted by OmniscientCause View Post

Yikes I lost like 25k in my holdings today. Cognizant is taking a beating

in cash or paper portfolio?  knowing your situation from a 30,000 foot view, i would imagine that's a pretty big portion of your net worth

Quote:
Originally Posted by chogall View Post

Pain + Reflection = Progress.

A few bad trades this year or I should still be positive for the year. Now I only outperform SPX by a few points.

Ray D.?

post #9142 of 11163
Quote:
Originally Posted by concealed View Post

in cash or paper portfolio?  knowing your situation from a 30,000 foot view, i would imagine that's a pretty big portion of your net worth
Ray D.?

My schools endowment not mine. But yea that would have been a sizable portion of my own savings and investments seeing I'm in school now and haven't been making money for a year and a half while simultaneously living in DC which is actually cheap compared to Boston.

I was doing really well up until Friday last week. Everything was positive since I inherited or pitched the position aside from Apple.
post #9143 of 11163
Anyone wonder if OPEC is driving Western producers into bankruptcy with a view to the long term?
post #9144 of 11163
Quote:
Originally Posted by Piobaire View Post

Anyone wonder if OPEC is driving Western producers into bankruptcy with a view to the long term?

What is the mid game then? 

 

Producers go BK and their debts are wiped clean and contracts all renegotiated to a lower cost. The fields are still there and ready to produce. 

 

 

OPEC would literally need to buy the assets. 

post #9145 of 11163
Quote:
Originally Posted by MSchapiro View Post

What is the mid game then? 

Producers go BK and their debts are wiped clean and contracts all renegotiated to a lower cost. The fields are still there and ready to produce. 


OPEC would literally need to buy the assets. 

The fields are still there but will they have capital, both financial and human, to get them up and running? I've been reading about everything happening in Alberta and it just sounds to me like once that puzzle comes apart it's going to be a long time putting it back together. Get them out of business and then don't let prices get back to where high cost oil production makes economic sense. Ride that out for another few decades and then the deluge (green energy).
post #9146 of 11163
that would only work if they could sustain such low prices which, based on what limited data i've looked at, is impossible. for example saudi arabia has budgeted for $70/barrels market and is scrambling to cut costs elsewhere (starting with subsidies for their huge unemployed population). iran is trying to make up for 30 years of sanctions, they increased production output by 500K barrels/day on day 1 of sanction liftings. the way i see it, they are trying to remove incentives for fracking and other exploratory work for the short term
post #9147 of 11163
Quote:
Originally Posted by the shah View Post

that would only work if they could sustain such low prices which, based on what limited data i've looked at, is impossible. for example saudi arabia has budgeted for $70/barrels market and is scrambling to cut costs elsewhere (starting with subsidies for their huge unemployed population). iran is trying to make up for 30 years of sanctions, they increased production output by 500K barrels/day on day 1 of sanction liftings. the way i see it, they are trying to remove incentives for fracking and other exploratory work for the short term

That is not a dissimilar thought to mine in that this drastic fall in the price of crude is not without manipulation for a purpose.
post #9148 of 11163
Quote:
Originally Posted by Piobaire View Post


The fields are still there but will they have capital, both financial and human, to get them up and running? I've been reading about everything happening in Alberta and it just sounds to me like once that puzzle comes apart it's going to be a long time putting it back together. Get them out of business and then don't let prices get back to where high cost oil production makes economic sense. Ride that out for another few decades and then the deluge (green energy).

Oil Sands are essentially mined so are not very economical, no one would refund that once it goes down.

 

Fracking is very different since its cheap to pump after the capital has been expended.

 

I agree regarding preventing exploration. 

post #9149 of 11163
So, how about that CHK action yesterday, wow. Rumours they hired a firm to 'restructure' their debt and it dropped 50% temporarily.
post #9150 of 11163
Quote:
Originally Posted by Master-Classter View Post

So, how about that CHK action yesterday, wow. Rumours they hired a firm to 'restructure' their debt and it dropped 50% temporarily.

Same firm they have been using for a while, Kirkland and Ellis. 

 

That said who knows. This is an investment that has gone very very badly. 

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