SaltyCajun.com http://www.lakecharlestackle.com/

Notices

Go Back   SaltyCajun.com > Hobby Forums > The Trading Floor (Investing, Stocks, Bonds)

The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum!

Reply
 
Thread Tools Display Modes
  #1  
Old 10-08-2015, 08:15 PM
bluewing's Avatar
bluewing bluewing is offline
Tripletail
 
Join Date: Jun 2010
Location: south louisiana
Posts: 617
Cash: 1,063
Default Energy XXI

EXXI could double with the oil price going up.
Reply With Quote
  #2  
Old 10-08-2015, 08:33 PM
redaddiction's Avatar
redaddiction redaddiction is offline
Red Snapper
 
Join Date: Oct 2011
Location: Lafayette
Posts: 1,474
Cash: 2,563
Default

Quote:
Originally Posted by bluewing View Post
EXXI could double with the oil price going up.

Could?? It already doubled in the last 5 days!

I'm missed the boat on Stone Energy also. Another double in a week.
Reply With Quote
  #3  
Old 10-08-2015, 08:46 PM
B-Stealth B-Stealth is offline
Red Snapper
 
Join Date: May 2009
Location: Lake Charles
Posts: 1,382
Cash: 1,461
Default

Do you honestly think the Russians and the Turban's are gonna let oil come back up?
Reply With Quote
  #4  
Old 10-08-2015, 09:08 PM
bjhooper82's Avatar
bjhooper82 bjhooper82 is offline
Sailfish
 
Join Date: May 2011
Location: Lafayette
Posts: 4,910
Cash: 3,813
Default

Quote:
Originally Posted by bluewing View Post
EXXI could double with the oil price going up.
Not trying to hijack your thread but I've looked at your avatar many times and can't figure out what the hell it is!! I can tell it's a trout in a net but what is all the other stuff??
Reply With Quote
  #5  
Old 10-08-2015, 09:34 PM
Lake Chuck Duck's Avatar
Lake Chuck Duck Lake Chuck Duck is offline
Swordfish
 
Join Date: Nov 2010
Location: Lake Chuck
Posts: 5,810
Cash: 10,192
Default

Quote:
Originally Posted by bjhooper82 View Post
Not trying to hijack your thread but I've looked at your avatar many times and can't figure out what the hell it is!! I can tell it's a trout in a net but what is all the other stuff??
Its a dog
Reply With Quote
  #6  
Old 10-08-2015, 10:40 PM
Armand16's Avatar
Armand16 Armand16 is offline
King Mackeral
 
Join Date: Dec 2009
Location: Lafayette
Posts: 2,601
Cash: 4,559
Default

Quote:
Originally Posted by B-Stealth View Post
Do you honestly think the Russians and the Turban's are gonna let oil come back up?

Why wouldn't Russia want the price of oil to rise?


Sent from my iPhone using Tapatalk
Reply With Quote
  #7  
Old 10-08-2015, 11:02 PM
B-Stealth B-Stealth is offline
Red Snapper
 
Join Date: May 2009
Location: Lake Charles
Posts: 1,382
Cash: 1,461
Default

Quote:
Originally Posted by Armand16 View Post
Why wouldn't Russia want the price of oil to rise?


Sent from my iPhone using Tapatalk
Russia would love higher prices; but I think they will continue to flood the market with record production numbers because they have nothing else going for them.

It sounds like the Turbans might be hurting a little; but I don't think there done bleeding out the competition.

What's your thoughts? I know you do this for a living.
Reply With Quote
  #8  
Old 10-09-2015, 10:25 AM
Armand16's Avatar
Armand16 Armand16 is offline
King Mackeral
 
Join Date: Dec 2009
Location: Lafayette
Posts: 2,601
Cash: 4,559
Default

Quote:
Originally Posted by B-Stealth View Post
Russia would love higher prices; but I think they will continue to flood the market with record production numbers because they have nothing else going for them.

It sounds like the Turbans might be hurting a little; but I don't think there done bleeding out the competition.

What's your thoughts? I know you do this for a living.
I agree. I think they both understimated the price and time it would take to drive out competition and overestimated Asia demand. I'd like to think they would try to get the most for their limited commidity but I guess when thats all you have theres no other choice.

Looking at fundamentals over technicals, I also agree the oil rally will not last. The oil glut is now being sustained by production outside the US.
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 04:00 AM.



Powered by vBulletin®
Copyright ©2000 - [ARG:3 UNDEFINED], Jelsoft Enterprises Ltd.
vB.Sponsors
vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios
SaltyCajun.com logo provided by Bryce Risher

All content, images, designs, and logos are Copyright © 2009-2012,
Salty Cajun, LLC
No unathorized use is permitted
Geo Visitors Map