An american billionaire by the name of Harold Hamm is about to have the costliest divorce in human history at an estimated $8billion. Talk about cost-per-notch! It beats out the previous previous record set by the
russian Rybolovlev at $2.6 billion.
How is this relevant to this stock thread?
Well, Mr. Hamm owns more oil in the ground than any soul in america, he is the king of fracking. He is the principal shareholder of Continental Resources with a valuation of $17billion; His wife, Sue Ann Hamm, will be taking an estimated $8billion. .... Continental Resources
stock ticker: CLR has a market cap of $28 billion.
Here are
some preliminary details.
The company, CLR, has a decent balance sheet, and the stock is kicking arse... however, extraordinary costly divorce can ruin a company. Divorce is what bankrupt Donald Trump. The fate and future of CLR is in the hands of Sue Ann Hamm. If she is a reasonable woman, the company will go on; if not, the company will be gormandized.
Anyways, we will learn more as time goes on. I am taking a highly speculative short position at these levels($157/$160.)... expecting the stock to dip to $140 handle area. If however, CLR shakes off the divorce(news) like an angry bull, and break out past and close above $160, with a follow through day; i will abandon my short enterprise. That is my stop loss parameters.
The risk to this short enterprise? CLR is a good company, decent balance sheets; and geopolitical unrest serving as a tailwind to boost oil/gas sector, on top of that, Mr. Hamm is a solid operator. The pros? Well, Divorce is a bitch.
I have attached the stock charts below, outlining what i expect to happen.
As an addendum i will say this:
#1. No pussy on this planet is worth $8billion.
#2. If the decline is coming as some say.... well, why not simply attempt to make some money off it?
regards,
Nemencine
Quote: (08-25-2014 11:17 AM)DVY Wrote:
Adding some P2P (peer-to peer) lending into the mix. My buddy has been getting 12% yearly (or 1% a month roughly). Very respectable rates, and if you diversify into 100+ notes, its basically a consumer-bond.
If i am not mistaken, Lending Club already raised $400 million and planning an IPO....
.
.