I'm expecting a cut. The POS is yielding almost 10% (using trailing year dividends?) now due to the price drops. It's usually around ~7%.
It's tar sands, so probably the riskiest next to shale.
Don't count on that. Some of the peripherals like ocean drillers are cutting dividends.
I suspect this is only one facet of the larger picture. At the very least there are some sizeable drilling rights and equipment consolidation about to occur. The weak hands at the table are going to fold in short order.
.... but someone new will take their place.
ahh.. opec trying to stop the consolidation and the efficiencies of size/scope?
makes more sense about why opec keeping oil prices low.
(this only temporarily shuts down shale oil production.)
when prices goes up, shale oil comes back.
yes, some of the old shale companies might be bankrupted. but someone new will take their place.
The new guys might have a tougher time getting financing though.
Maybe we can pony up for another bail-out?
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I'm expecting a cut. The POS is yielding almost 10% (using trailing year dividends?) now due to the price drops. It's usually around ~7%.
It's tar sands, so probably the riskiest next to shale.
COS has cut its dividend as most expected it to. You still averaging down?
OPEC has called for $60 oil and I expect we will reach that level. They want to reach a point at which shale oil cuts production/goes bankrupt. I am accumulating some money so when we reach that point I may buy the big boys who have money on the balance sheet and should be able to buy up oil producing assets from the bankrupt shale companies. CVX, COP, RDS, PSX, XOM.
OPEC has called for $60 oil and I expect we will reach that level. They want to reach a point at which shale oil cuts production/goes bankrupt. I am accumulating some money so when we reach that point I may buy the big boys who have money on the balance sheet and should be able to buy up oil producing assets from the bankrupt shale companies. CVX, COP, RDS, PSX, XOM.
where did u hear OPEC settling for $60/barrel target?
majority of shale oil is at breakeven at $60/barrel.
it needs to go below that to bankrupt them
where did u hear OPEC settling for $60/barrel target?
majority of shale oil is at breakeven at $60/barrel.
it needs to go below that to bankrupt them
where did u hear OPEC settling for $60/barrel target?
majority of shale oil is at breakeven at $60/barrel.
it needs to go below that to bankrupt them
Looks like COS is heading towards 3-4 a share.
Oh ya... they're pricing it for bankruptcy for some reason. "Bankruptcy" back in 2009 was $16.50, so dafuq is going on.
Think I'm going to stop averaging down. On the other hand, if it recovers now, easy doubling of money. Not selling just for the hope of it going back up.
Regardless, nice lesson in diversification and buying ETFs over individual stocks. I was up almost 14% this year up until 2 or 3 weeks ago. Only thing saving me now is the forex between CAD and USD -- if the housing market crashes, boo ya!
sell Dec 31 to harvest loses.
buy back Feb 1
FML... totally would if it weren't for the 30 day wash trade rules. Any-time rebound = not going to bother. And half my losses are in a non-taxable account.
huh? why wouldn't u do it for your taxable acct?