SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SliderOnTheBlack who wrote (60731)2/22/2000 5:32:00 PM
From: ItsAllCyclical  Read Replies (1) of 95453
 
Will UPR be the next E&P to cave in? Closed today below 10. Fundamentals have almost gone out the window. Purely on a technical basis UPR looks vulnerable to making a new 52 week if it closes below 9 1/2 tomorrow.

Looking for some capitulation before I enter again. I may put out some limit buys at 9 and 8 1/2, before I go on vacation on Thurs. If UPR get's in the 8's again I'm going to buy some July 7 1/2 calls too (assuming PXD is above 7 1/4).

FST and PXD both up on 3x and 2x normal volume respectively. At least some attention is being paid to value. PXD has been reducing debt thru cash flow and asset sales. Their debt/equity ratio has not been updated on yahoo.

I can see UPR's weakness given their debt, but BR making a new 52 week low eludes me. As such bought a trading position in BR near the close at 27 3/4 and 27 7/8.

I'm somewhat surprised by the OSX strength in the face of XOI and market weakness. As such I raised some cash today and closed out my remaining short positions for a small loss. I certainly don't want to worry about short positions on vacation.

Still plenty of time to use margin. Waiting patiently on the sideline for the next blowup. FST and PXD were/are gifts sub 8. Now who feels generous?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News