Nov

9

Sold NTRZ, doubled my BTJ position

November 9, 2007 | Leave a Comment

This afternoon I decided to sell my remaining position in NTRZ at $1.22. I like the company, but still think that there are better opportunities out there right now and wanted to free up cash to increase my available leverage. I also doubled my position in BTJ at $37.40, essentially to follow my sentiment from an earlier post that oil services have bottomed and are looking to rally.

Nov

8

Nibbling on BTJ

November 8, 2007 | Leave a Comment

This morning I decided to buy a small stake in BTJ at $36.80. This is a stock that I owned briefly in the past, and with the stock having plummeted 7 points from its recent highs, the stock has come off enough to begin to pick a position. I have really only put in half of what I would like to eventually hold as a position here, as I expect that the selloff is not quite done. […]

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Nov

1

Doubling up on BTJ

November 1, 2007 | Leave a Comment

This morning I used the selloff in BTJ to double my position at $41.47. I said yesterday that I felt like I was chasing and therefore only purchased a small position, and today’s weakness proves my gut feeling to be right. However, while the stock is a bit weak today, underwater exploration demand is only going to increase if oil proves it can hold at these high prices. To my mind, the stock still looks cheap here, […]

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Oct

31

Adding a small position in BTJ

October 31, 2007 | Leave a Comment

This afternoon I added a small position in BTJ at $43.20. I’m probably chasing a bit, but the long term story and forward PE make this a very compelling investment and I didn’t want to miss the boat completely. The huge surge in oil after the Fed rate cut was a remarkably strong reaction, and we are now looking at triple digits. Even though triple digits probably won’t hold, that is important for expanding the trading range […]

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