It goes against everything I hold dear: logic and reason, which is why I am doing the opposite and buying it.
I added to my SLCA position. I have ear marked some money for a final purchase. God willing, our Saudi overlords will grant us respite.
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Didn’t it break under the Feb 7 support just a little bit ago though? It was $10 in 2012. Good luck, I don’t know much about energy anyways. 🙂
They have 80% of their revenues locked in through 2016, you fucking shit head motherfucker.
Granted, that was totally uncalled for.
Sorry, I am a bit high strung.
No prob. 🙂
LOL.
That was frackin hilarious!
i nasally exhaled significantly at this
Costanza stock trading is making a comeback!
I demand more bananas
It does feel like throwing piles of money in a fireplace…I start missing the pain and throw in more.
The Saudis had to do this, they couldn’t let us turn in to a country of Tesla driving, solar panelled gorillas….and so the banana gets peeled.
Sand is free in Saudi Arabia
But the shipping is highway robbery
Oil tanker rentals– need places to store the stuff.
Logic and reason were what I used when I shorted ebay during the dot com era. Good luck.
ha . that was the only .com that didn’t tank
Bought some $PGH yesterday. They
are hedged for a year and have new
low cost oil coming on.We’ll see.
while keeps sliding the cdn oil stocks are mostly higher today after a nice bounce yesterday. interesting divergence? they are already very cheap, but not following oil down further , right now.
while oil keeps sliding
Sorry Boss, but doing the opposite isn’t going to work this time.
Because though oil isn’t going to zero, a lot of E&P and related stuff might be.
Witness coal, iron ore, and dry bulk shipping. People have been calling bottoms on this crap for years to no avail.
SLCA is in better shape than their customers, but still to be avoided I think.
I am doing the opposite of the opposite.
spinning?
Bought $POST , Dr. mentioned this in one of his previous posts. Defensive play.
Bought $FUEL , b/c the machines think this is an energy stock right ! Bullish on digital advertising going into next year.
TMF up another $2 booyeah
should have held your TLT, fly
and just like clockwork they yank the rug
It’s cool I just loaded up on Index Puts of all kinds, they’ll ramp it back up into my face soon I’m sure.
Fly – Why not just short $SCO?
Energy bouncing now…Thank you God
You are insane!
CUBAN B!
Hilarious!
Youse good people.
Who’ve SCLA signed their supply agreements with? Capital gets cut and wells don’t get drilled and frac sand doesn’t get bought. I’m scared…
why not buy EMES and at least get an 11% yield until they cut it.
lol emes..more like enema
an enema that flushes away your money
I hate you so much…
Bought a little more…really wish I could resist & just punch myself in the face instead.
It costs the Saudis $2 to produce a barrel of oil . think about it: they were still as rich as fuck in 1999
wait until it touches 18
I’m disappointed in myself. I very much underestimated the fear of Vlad. But then I usually don’t fear what is out of my control; at least not for long after the initial fright.
Oh, it’s definitely a personal shortcoming. I go to ground when perhaps I should think more strategically and move accordingly.