GREY:WFREF - Post by User
Post by
iwpeteon Nov 26, 2014 2:11pm
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Post# 23166635
LRE not best short anymore
LRE not best short anymoreI'm going to stay long my 200 shares of LRE and get ready to buy more.
WCP much better short here. Downside risk for LRE is about $2.00 -2.25, for WCP the downside risk is between $6.00 - $7.00. Same goes for POU downside to $22 -24. SGY to $3, AAV to $3, SU to $27, TOG to $7.
Saudi Arabia's oil minister Ali al-Naimi proclaimed "no one should cut production and the market will stabilize itself," adding rather ominously (for the US economy and HY default rates), "Why should Saudi Arabia cut? The US is a big producer too now. Should they cut?"
the HY stands for HIgh Yield debt, that's what the US shale industry is funded by..... kinda reminds you of the morgage debt (to people on welfare who were allowed to buy houses) that was rolled into Asset Backed Securities that were sold all over the world and caused the 2008-9 crash.
PS. don't buy drillers