Added To SXCP

138 views

I made purchases of SXCP for $24.64, adding to my position.

My current account balance stands at 118% margin.

My wash sale of NADL was total luck. I got pissed off at them for failing to close the deal with Rosneft so I spiked the ball and stormed off the field. That locked in a 15% loss. Well, the stock is down another 42% from that point. That would have been another 5% loss on the account. Not pretty but I’ll take it.

There is good strength in my positions this morning. BAS is up almost 8%; I’d take that with a grain of salt, it has been flipping 10% week over week, lately. But HCLP and VOC are both up about 4%, CCJ is up another 1%, and BTU is higher by 2%. AEC is taking a breather, now nearing $22. So is ETP, pushing on $68.

My holdings are AEC, CCJ, HCLP, BTU, BAS, ETP, VOC, SXCP, and physical silver.

Happy Birthday iBC! – Also Back In BTU For $11.80

119 views

A magnanimous 7 years, and here is to 7 more.

I have very much enjoyed my time with this site. My stint goes back to the days of the old Peanut Gallery, when any reader could chance to write. I gathered myself a small little following, which I used to take down competitor after competitor.

Eventually, I was approached about joining in a permanent station.

Today I repurchased a position in BTU for $11.80. This move doesn’t make sense on some level, since this removes some of my losses for tax season. However, I’ve liked coal for a while now and BTU has a key advantage over other possible positions – I’ve already done due diligence on them.

I was already toying with the idea, and watching Fly move into BTU today got my own legs going.

Sold Entire NADL Position For 15% Loss

242 views

I had purchased NADL betting that a deal with Russia’s Rosneft would come to fruition in the fourth quarter. However, oil prices and sanctions have clearly left Rosneft thinking it best to delay the transaction. Leaving me holding a very rough (albeit technically competent) operation.

NADL is no good on its own. Deep sea extraction in this environment is terrible, given the price of oil. The company itself is debt burdened. The only thing that made NADL sweet was Rosneft buying up such a large part of the company with assets and cash – the buying price was something akin to $9 a share, or more.

I bought NADL because the deal was sweet and would have completely changed the calculus for holding investors.

I bought the deal. Not promises of the deal.

I’m not waiting around for another eight months praying the Russians make good on their world. The word of a Russian is worth dick to me.

15% loss on a full position cost me 1.5% net. It will get rolled into tax season. Otherwise, my positions are doing well. We’ll see if they keep it up.

Another Purchase Of HCLP For $44.48

178 views

I added more HCLP for $44.48. Turmoil continues to roll through the oil and gas sector, and weak hands get strewn about.

As the saying goes, you can’t make an omelet without scrambling a few eggs.

Made Purchases of BAS, HCLP and VOC

178 views

I deployed 2.5% of my account to buy BAS at $12.61.

I put another 2% of my account into HCLP for $47.18.

I put another 3% of my account into VOC for $9.83.

Small margin balance. I am not just commenting when I say I am betting on oil. What we are experience in the oil market is not at all unusual. What is unusual is the sheer lengths that people have taken to sell oil stocks, with almost no evidence, other than a little correction in oil prices, that they are right.

Added To SXCP

138 views

I made purchases of SXCP for $24.64, adding to my position.

My current account balance stands at 118% margin.

My wash sale of NADL was total luck. I got pissed off at them for failing to close the deal with Rosneft so I spiked the ball and stormed off the field. That locked in a 15% loss. Well, the stock is down another 42% from that point. That would have been another 5% loss on the account. Not pretty but I’ll take it.

There is good strength in my positions this morning. BAS is up almost 8%; I’d take that with a grain of salt, it has been flipping 10% week over week, lately. But HCLP and VOC are both up about 4%, CCJ is up another 1%, and BTU is higher by 2%. AEC is taking a breather, now nearing $22. So is ETP, pushing on $68.

My holdings are AEC, CCJ, HCLP, BTU, BAS, ETP, VOC, SXCP, and physical silver.

Happy Birthday iBC! – Also Back In BTU For $11.80

119 views

A magnanimous 7 years, and here is to 7 more.

I have very much enjoyed my time with this site. My stint goes back to the days of the old Peanut Gallery, when any reader could chance to write. I gathered myself a small little following, which I used to take down competitor after competitor.

Eventually, I was approached about joining in a permanent station.

Today I repurchased a position in BTU for $11.80. This move doesn’t make sense on some level, since this removes some of my losses for tax season. However, I’ve liked coal for a while now and BTU has a key advantage over other possible positions – I’ve already done due diligence on them.

I was already toying with the idea, and watching Fly move into BTU today got my own legs going.

Sold Entire NADL Position For 15% Loss

242 views

I had purchased NADL betting that a deal with Russia’s Rosneft would come to fruition in the fourth quarter. However, oil prices and sanctions have clearly left Rosneft thinking it best to delay the transaction. Leaving me holding a very rough (albeit technically competent) operation.

NADL is no good on its own. Deep sea extraction in this environment is terrible, given the price of oil. The company itself is debt burdened. The only thing that made NADL sweet was Rosneft buying up such a large part of the company with assets and cash – the buying price was something akin to $9 a share, or more.

I bought NADL because the deal was sweet and would have completely changed the calculus for holding investors.

I bought the deal. Not promises of the deal.

I’m not waiting around for another eight months praying the Russians make good on their world. The word of a Russian is worth dick to me.

15% loss on a full position cost me 1.5% net. It will get rolled into tax season. Otherwise, my positions are doing well. We’ll see if they keep it up.

Added To CCJ For $17.30

183 views

I upped my stake in CCJ, placing an additional 5% of my account in shares, for $17.30.

Another Purchase Of HCLP For $44.48

178 views

I added more HCLP for $44.48. Turmoil continues to roll through the oil and gas sector, and weak hands get strewn about.

As the saying goes, you can’t make an omelet without scrambling a few eggs.

Made Purchases of BAS, HCLP and VOC

178 views

I deployed 2.5% of my account to buy BAS at $12.61.

I put another 2% of my account into HCLP for $47.18.

I put another 3% of my account into VOC for $9.83.

Small margin balance. I am not just commenting when I say I am betting on oil. What we are experience in the oil market is not at all unusual. What is unusual is the sheer lengths that people have taken to sell oil stocks, with almost no evidence, other than a little correction in oil prices, that they are right.

Previous Posts by Mr. Cain Thaler