Following some staggering 1 month declines to the tune of 50%, is anyone taking the plunge into oil here or around these prices? If so, what are your favorite ways to lose money in oil?
I am flabbergasted by the pin less hand grenade action in SLCA, EMES, HCLP and FMSA.
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BCEI — Izzy Englander buying, insider buying. Get some.
PDCE and nothing else.
86% hedged through 2016
anywhere in the 20’s i feel you’re buying them for a song. just need a decent time horizon
Read this article today:
http://www.businessinsider.com/citi-breakeven-oil-production-prices-2014-11
Appreciate if anyone can help with names that have exposure to Marcellus. I have come up with RRC , CHK , COG from a brief internet search.
Not looking to buy here, just building a list and checking it twice!
RICE probably most levered to Marcellus (other that RRC). MHR also one to watch–Sold a huge chunk of their Bakken assets this year when oil prices were at highs; almost all CAPEX now going to its dry-gas Marcellus/Utica acreage. EVEP is a dry-gas Utica play with only 10% exposure to oil (Utica is the formation right below the Marcellus; your link is somewhat confusing in that it identifies pricing in the dry-gas-Marcellus window but only in the oil window for Utica). These three are near the top of my knife-catch watchlist.
http://www.cnbc.com/id/102249010
The quote from the AMTD chief strategist is gold.
Waiting for another CME margin hike in Crude to assist the final flush. Will add to legacy MLP positions, oil large caps (1Q 2015, believe will be slower to adjust lower due to dividend/index exposure) and possibly long dated USO calls.
I saw BlueStar’s tweet last night saying a meaningful breach of 64.30 would likely result in 50 as the next level of support. No interest in playing here at all.
haha, I had to look up the word ‘flabbergasted’
I will buy oil shit when the oil is in 50s, That`s the bottom, it will bounce back to 60s, that`s where our masters/owners House of Saud wants it to be.
Been rolling into BAS, expecting a long term hold.
Not yet. But will soon. Will probably start nibbling small positions once we are in the mid to high 50’s on the spot price. Will buy more the cheaper it gets.
CLR possible bankruptcy on the horizon?
CVX looks cheap here and now.
The oil market is nuts. I can’t trust any analysis done on the house of saud.
Nobody can. Thus, my favorite ways to lose money on an oil play will be the big american dinosaurs. (CVX and Mother XOM.)
I’d rather wait 4-6 months and buy the survivors.
in SFL 14.72.
in FTR 6.57.
will look to add to either today or tomorrow.
ex-div on both 12/10
RRC, HAL, RIG.
Thinking of tossing a few lit stacks of 100’s into a basket of some of the crap that is down 75% since August, hoping for a vicious bounce.
Dipped into HAL today; will harvest next year.
I’ll buy when the price starts gaining upward action and HOLDS up. I was long SLCA in one account and HCLP in another, and got stopped out; I couldn’t take it. I had other oil related holdings, and have been trimming them down the past 3 weeks. I
I got stopped out of FANG for a 5% loss, but my plan to is to play the oil recovery through them by pyramiding up on my purchases.
I first started investing in mid 2008, and bought a couple oil stocks then after a $110 drop. I was lucky at that point, but investment thesis was, and still is, oil powers the world.
The shale play was and still is logical; (though the market will always test logic) price should move in the direction of the participants’ expectations of future earnings. It will still be on my radar, just like deep horizon drilling was supposed to be the new fad in oil before it got demolished in 2008. It came back strong in 2010, and to me, shale oil getting smacked around now parallels this.
You might be buying from the Saudis
I want to buy BAS and SDRL but not touching till we get some price acceptance. I’m guessing somewhere in the $50’s
also just dipped my toe in ARCC and JTA
I haven’t heard anyone talking about this putting a damper on China expansion around Vietnam and Japan over undersea oil. Heck of a worldwide squeeze there, do we receive the most benefit of cheap oil? I wonder if this is worth starting a war over by some player. At least a bigger than usual regional conflict.
getting hard to justify building your own Dr. Evil style island to protect your oil interests: http://www.cnn.com/2014/11/24/world/asia/china-south-china-sea/
PXD … 85% hedged through 2015, 45% hedged in 2016, and 1.5 billion in cash.
My favorite way to lose money in oil is with light sweet crude, gasoline , and heating oil futures. Short term at 63 here with light sweet crude using 58 as a bail point if it tanks more could be worth a shot to me, or to play a crude etf using the same reference point. Same with Gas long at 170 with 160 pivot futures or etf. Heating oil long 205 with 180 pivot . Seem worth a shotdown here , I may get to lose some money in oil this week
A easy way that may be my favorite way to lose money in oil this week is long USO at 23.93 cover if 22.00 breaks. Have not thought of buying or shorting oil till I read this post, think I may be ready to lose some money in oil.
Falling sword attempted catch.
In 2011 I made the mistake of buying ANR because it looked cheap. made the mistake of not figuring out where coal pricing would bottom. It never did.
Comparing coal to oil is like comparing your high school girlfriend to a Playboy bunny.
Why look to start positions in highly hedged companies now? I would think they’d be underperformers during any sistained rally in oil.
I’m only buying E&P preferreds in small amounts. Some of them will probably blow up.
I don’t know why people think the bottom is around here. That’s the same wishful thinking proclaimed when oil hit 85, 75 and now 65. Presumably 55 will be an extra special bottom.
CPG. Canadian Bakken play. Has a 11.5% yield now due to blows to the face and chest. Gayest part of all of this is the monthly divvy is sustainable: as Crescent Point has 37 per cent of its 2015 output secured at prices above $93 a barrel as of Oct. 28, the company said in its third-quarter earnings statement. Regardless, we’ll doomed before we break even on divvies and crude will be at $00.00