I've set at increments all the way down to $5. I can't imagine it goes much below that without bankruptcy.
Honestly you have to admire Elon’s ability to just not give a fuck. Just reported what ever Q1 delivery numbers
It'll tank again. In the meantime, I imagine he'll be part of a massive group of people shorting the fuck out of them as a result of this earnings statement.
What will be ridiculous is when WTI tailspin’s with the oil CEOs in his office tomorrow. Trump may give them the farm as he shits his big boy pants tomorrow.
Got some SCO an hour before the close. Actually got uco too, stops on each because this thing is running one way or the other.
Only way Saudi bends over is if trump threatened to pull the fleet. If that happens oil goes through the roof and that would save Texas economy which is a big big part employer. Don’t know what if anything makes Putin bend a knee. So either that 40% SCO drop on Trump blabbing goes right back up or there is something on the stove about to boil over. And I’ll take a jump from 2 to 10 let alone the 20 UCO fell from.
The problem is more demand than supply. And shutting in wells isn’t just turning it off like a spigot. But it’s partially a speculative market so if Russia and KSA agree to cut production, the price will go up. That said, spot price in parts of midland and the Delaware basin are already sub $10 Plus shutting in wells during initial flow back will catastrophically damage the reservoir and there are some rigs still working due to lease obligations so even if every well was shut in that can be shut in, there will still be production. I have heard rumors that Endeavor plans on shutting in 80% of their sprayberry wells. That’s a massive expense so I don’t know how feasible that is. (I’ve only been working on opex analysis for a few years)
I’m no engineer so you likely know more than me on the effects shutting in shale wells but I’ve read the opposite. My knowledge is strictly based on one Bloomberg article quoting Goldman research so I’m actually more interested if this is wrong. edit: link below https://www.google.com/amp/s/www.bl...le-might-end-up-being-a-winner-of-the-oil-war
Lol no. Not smart enough to be an engineer of any sort. I’m a landman that stumbled into some dumb luck that turned into a niche area of busting old leases
It’s an industry argument right now of what kind of damage would be done to shutting in shale wells. The general consensus from people I know that are a lot smarter than me is that during initial flow back, it would be catastrophic. It can be done with marginal to no damage later on in the life of the well. ~6 months to a year after IP
Can you explain what you were saying in more layman's terms? I want to send it to my wife and I hardly understand.
the SBA provides money to banks to loan to individuals who are looking to purchase a small business. Two banks have stated the SBA is going to pay for the first 6 months of interest and principal payments if you take out a loan with them to buy a business, as long as the loan closes by 9/27 (which makes sense considering gov't fiscal year ends 9/30). That's the same thing as just getting the first 6 months of money you would owe for free, and there is no requirement for you to pay that back. So you just get a really nice discount on the loan. None of this has been announced publicly and I have no idea if it will (I would expect it would, if it's true because of the massive win the administration would book this as)
Not sure when you got in but it’s at a plus for the day. I think the consensus is that it’s still overvalued, so it should continue to come down...but who tf knows anymore. I’m holding mine but that’s because I bought late.
My bank figuring out TD's wire fuckery put me behind, so I didn't get in until yesterday. I'm rolling through the weekend but that's mostly because I'm barely green currently on them.
closed out DIS puts at a loss but the lowest point of the day. Bought in for the long even though I think they'll drop at our next plummet, too.
Based on their industry, I'd say they'll definitely sink lower if we're really not at the worst of this yet...but no reason they're not worth long-term interest because they'll definitely bounce back.
May have been a dumb move on my part, but I just doubled down since it's so cheap. Lost my ass on the way down yesterday, but it's too late for my getting out to be worth anything. I know a few on here avoid Chinese companies for reasons that are very apparent as far as Luckin goes, but I believe in their model. Might as well get more while it's super cheap to bring my average cost down and hopefully make my losses back. Again, not playing with anything I can't stand to lose, just trying to pare my losses on the long game I was playing with them anyways.
So could someone buy a business, somehow rapidly improve it's worth in five-six months and sell it off for a profit?
Question: I have an LLC in which I am the owner and I believe Sole Proprietor. Its a rental property. Would I qualify for the Economic Injury Disaster Loan Program (EIDL)? The $10,000 grant that's forgivable would be nice.
I believe so. I was talking with my buddy who owns his own business and he applied. I’m not sure how he is structured though.