Boiler Room: The Official Stock Market Discussion

Domingo Halliburton

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OnDeck had their IPO and is going to start trading today. Theyre not as bad as some of the alternative lenders I've seen out there but they suck. How those loans are then securitized and then bought by investors is beyond me.
 
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Domingo Halliburton

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@Futuristic Eskimo @Brady Hoke's Artery @Domingo Halliburton

why are XLE and oil stocks up so much today? The Canadians are fukking going haywire man i'll be mad as fukk if i miss out on getting in

good question. I saw some people on twitter commenting on it. Maybe the feeling is it's oversold, it's the bottom here, market is up, I honestly don't know. A lot of oil execs have come out and said 50-55 is the bottom. How right they'll be I have no idea. Could just be a bear market rally after the washout.

Exxon and Chevron are up today probably pushing up the XLE. Investors like whatever deal XOM announced.
 

Ohene

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good question. I saw some people on twitter commenting on it. Maybe the feeling is it's oversold, it's the bottom here, market is up, I honestly don't know. A lot of oil execs have come out and said 50-55 is the bottom. How right they'll be I have no idea. Could just be a bear market rally after the washout.

Exxon and Chevron are up today probably pushing up the XLE. Investors like whatever deal XOM announced.
word. i was wondering if the interest rate hike had an effect as well but the Canadians are going up even further.

I mean shyt.

Penn West up 10% (they even slashed their dividend 75% today i think)
Crescent point up 12
Arc Resources up 7%
Baytech up 10%
Husky Energy even up 10%
Canadian Oil Sands up 6%

I'm hoping this is a headfake :noah:. Oil is up almost 5% I need it to stay low
 

Domingo Halliburton

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word. i was wondering if the interest rate hike had an effect as well but the Canadians are going up even further.

I mean shyt.

Penn West up 10% (they even slashed their dividend 75% today i think)
Crescent point up 12
Arc Resources up 7%
Baytech up 10%
Husky Energy even up 10%
Canadian Oil Sands up 6%

I'm hoping this is a headfake :noah:. Oil is up almost 5% I need it to stay low

I just saw somewhere some quote saying all these Canadian oil companies are slashing Cap Ex for 2015 by 30-50% yet maintaining their production targets. Something isn't making sense there.
 

Domingo Halliburton

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I bought 1000 shares, was that stupid?

are you american or canadian? I know the agreement is to buy TLM at 8/share (USD) or 9.33 (CAD).

So you can make a little profit there. The only thing you have to worry about is regulators somehow holding up the deal. Which I don't think should happen. I'm surprised it's not trading at closer to 8.
 

Ohene

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I just saw somewhere some quote saying all these Canadian oil companies are slashing Cap Ex for 2015 by 30-50% yet maintaining their production targets. Something isn't making sense there.
that might explain why a lot of the firms are up then. Less capex = Higher free cash flow.
 

Domingo Halliburton

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Yellen Claus came to town :blessed:



edit: are they still going to say "considerable time" regarding interest rates in statement? How many days are we going to have to listen to pundits debate this phrase?

edit: kept the phrase and using "patience" as well
 
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BlackAchilles

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Yellen Claus came to town :blessed:



edit: are they still going to say "considerable time" regarding interest rates in statement? How many days are we going to have to listen to pundits debate this phrase?

edit: kept the phrase and using "patience" as well

Its maddening, I can't belive we let the people who control our money be this vague
 
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Its maddening, I can't belive we let the people who control our money be this vague
Cant be too specific because it limits your flexibility in dealing with any potential situations that pop up. It is almost impossible to predict what will happen 1 or 2 months down the road so what is the benefit in setting policy so rigidly?
 
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