Still think TITNC3: Return of the Iceberg was peak

I'd still do it all over again. The numbers made sense, and I agree - they cheated. And I will say that to anyone that asks.

We all saw the fear, it was glorious.

 

Short squeeze, all that is true, but it’s still a $20 stock that got run up. It was going to come down at any moment, it didn’t belong up there. Congrats to anyone who timed it right.

 

Why is their dividend so high and why has their stock price fallen so much in the last 5 years?

 

It’s high because they suspended it, and what it was paying before would equate to that dividend yield at the current stock price.

 

I see. Do you know why they've fallen so much in stock price?

 

why don’t we all just pool money and start blasting FB adds....top secret
TW group dun dun dunnnn

 

It’s not the only one in the industry falling over that span. At best they’ve been rather stagnant. Even XOM has had slow decline over that span. It’s just the industry

 

That said, this was a hard reset for these stocks. So they may not be where they were 5 years ago, but they can easily be much higher than they are now. As for VET, I wouldn’t count on that Div yield. But if the div returns it should still be solid. And could have 100% upside on share price. I see why people would be looking at it

 

I see the steep drop from the start of the pandemic, but before that the stock price was at $14 and steadily falling from a high around $43 a few years back.

 

$VET is more on the exploration side?
hmm, not quite the same as $ET...still, a lot of energy producers/movers were running high debt loads...a lot of the midstreams have been in decline for a while...something about the Master limited partnerships, i can't recall the details exactly.

like @Iwilltaco said, energy, particularly oil has been dampened due to low demand on account of covid shutdowns...remember when oil futures back in march/april went negative? too much oil, no one wanted to buy...

the divy may eventually get back up there...you're locking in money though at the current price, so all future divys (%) will be relative to that.

with the vaccine, Wall street is getting bullish on O&G and betting that things start coming back.

 

The pandemic part made sense to me. It was all the stuff before that I wasn't sure about.

 

https://finance.yahoo.com/news/battle-control-wallstreetbets-may-broken-215024208.html?.tsrc=rss

This appears to be what some were talking about earlier

 

i will speculate a little bit here...
there was a huge fracking boom in the last 10 years = increase in supply. Supply and demand suggests that price would decrease, so they would ease up on development...but instead O&G just kept turning and burning, continuing to 1) spend more money/debt on investments/capital, rates have been low since 08, and 2) increasing the total supply. All is fine and well as long as prices stay high enough, but oil is very boom bust.
I think a lot of the price declines reflect increasing concerns about debt loads prior to covid.
There was some 'business mgmt' typ stuff that lead to some of the industry forming master limited partnerships that i think a lot of investors see as benefiting mgmt vs shareholders. I don't know enough about that since i sorta moved away from midstreams before going down that hole.

my best attempt

 

Their whole argument of what made what they were doing ok is that they were just a bunch of people talking about stocks. They can’t complain if they’re infiltrated, that would just be some new people with opposing views talking about stocks. If hedge funds are breaking any laws, that’s a problem, but they seem to like their echo chamber a little too much.

 

So dramatic when people can just leave for a new forum

 

This is on my RH - my interpretation would be that I’m allowed 3 day trades per week before I’m labeled a day trader. Is that right?

 

You bet

 

Not per week, but per 5 trading days. But otherwise, yes.