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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!

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  #1  
Old 10-08-2015, 08:15 PM
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Default Energy XXI

EXXI could double with the oil price going up.
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  #2  
Old 10-08-2015, 08:33 PM
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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.
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Old 10-08-2015, 08:46 PM
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Do you honestly think the Russians and the Turban's are gonna let oil come back up?
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Old 10-08-2015, 09:08 PM
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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??
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Old 10-08-2015, 09:34 PM
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Lake Chuck Duck Lake Chuck Duck is offline
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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
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  #6  
Old 10-08-2015, 10:40 PM
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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?


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Old 10-08-2015, 11:02 PM
B-Stealth B-Stealth is offline
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Why wouldn't Russia want the price of oil to rise?


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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.
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Old 10-09-2015, 10:25 AM
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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.
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