what does this K energy got to do with REX????????
BATS BZX Real-Time Price
As of 9:35am ET
| -0.30 / -10.87%
Not sure why everyone is posting the decline charts in a negative light, the longs made money already, and the shorts are still making money.
I think Rex is a good contrarian buy right now with any extra money you won't need for the next 3 years and don't mind losing. In my opinion, the risk/reward ratio will more than make up for the lack of dividends. I would not "bet the farm " on it nor use funds that would keep me up at night. This is just my opinion and I think Rex is well managed and if the insiders are accumulating stock then I'll grab a little too(which I did).
Good for you, Robert !!!! )))
While most of my Rex Energy holdings are being held for longer term gains, here are some stock option positions I've taken recently. I bought and sold REXX Put Options at a profit when Rex pulled back in price. Now that it's near $2.50, I've purchased Call Options with October Expiration Dates.
Hi Charles R., I've never traded options nor Futures but I'm starting to read how on options only. Right now I'm only accumulating Rex stock on the pullbacks. I do know that options are a great way to make money when done right but I have to stay w/I my comfort level for now. Good luck to you buddy and hope I get to read about you in the Wall Street journal
Hello Robert A. !! Always like to hear of people moving to the next level ))) A combination of stock and option strategies has always suited me. Best of luck to you as well, my friend !!
Rex Energy and Gulfport reaffirm borrowing bases which should keep drilling going. Many industry watchers expected fireworks when producer lenders re-determined borrowing bases after examining company reserves and tried discerning future oil and gas prices.
Not so with State College, Pennsylvania-based producer Rex Energy. Its bank group, led by Royal Bank of Canada, on Wednesday reaffirmed the existing $350 million borrowing base under the company’s senior secured credit facility.
So confident was the consortium in Rex and how it’s handling lousy oil and gas prices that it approved an amendment to the credit agreement which, among other things, allows the company to repurchase up to $25 million of Rex common stock or senior unsecured notes.
“We appreciate the support of our bank group as we continue to navigate through the challenging price environment,” said Tom Stabley, Rex Energy’s CEO. “Preserving our liquidity and flexibility is a key component of our strategy.”
HEY CHUCKY better grab a couple thousand more shares
As of 12:43pm ET
| -0.12 / -4.80%
I wrote on here that I already added some Calls to my position in the stock. I'll consider picking up some more )) You still sitting on the sidelines ??
That's the solution!! When you dig yourself into a hole, dig deeper!!