California Resources Corporation (NYSE:CRC)

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  • vitoB: grasso pumpin $CRC on cnbc. like the chart and short interest is pretty high
  • jevanj: G'morning All, Good news, bad new. Good -- I inherited a portfolio of 7 stocks this weekend. Bad -- $BA $HP $OXY are biggest positions. Other 4 are $CRC $NVO $OSPN $PSA Wondering if I should sell first 3 today, especially since earning are this week. Obvious answer is yes, but thought I'd get some feedback from ya'll before making a hasty move. Hoping for another green week for us all.
  • phgruver: @jevanj $BA $HP $OXY $CRC $NVO $OSPN $PSA I know you probably don't have one, but you need to discuss this with a tax accountant. There are too many variables for us, on SMM, to give you a viable answer. That said, if, as you imply, you inherited this portfolio because the previous owner is deceased, then there's no reason to keep any of the stocks. You would be better served selling them all and building your own portfolio from scratch. To say more is to risk giving you bad advice.
  • jevanj: @phgruver $BA $HP $OXY $CRC $NVO $OSPN $PSA Thanks for advice. I kind of figured that. Better to ask than make a rookie mistake before thinking it thru. No tax liability that I know of. Now looking for opportunity to unload and build cash position. I now have too many stocks to watch carefully.
  • baronp0329: $USO up 4.5%, with the Iran missiles news Long $OXY (+2%) $SLB ( 1.2%) $CRC ( 9%)
  • debeers: @baronp0329 $USO $OXY $SLB $CRC -Like $OXY but will it make as much moolah as $PXD--not in my opinion.
  • baronp0329: @debeers $USO $OXY $SLB $CRC $PXD Agree with you on PXD, it has great financials. I like how Vickie Hollub runs OXY but they did over pay for Anadarko.
  • debeers: @baronp0329 $USO $OXY $SLB $CRC $PXD -Ms. Hollub was caught between a rock and a hard place. Did she pay too much for $OXY- yup but not egregious and they badly needed it and Anadarkoknew thatthey were driving that bus--- its just that $PXD is better .In my personal opinion.
  • baronp0329: Good morning SMM/OMM members. Wasn't planning on trading today but looks like some fade may happen before the weekend. No new buys this morning. Locking in majority of profits on swing trades (stocks and options): $LK $BBBY $SLB $AAPL $GOOGL $CRC $SPY $XLF
  • baronp0329: @bRobert $SPY Thanks for the $SPY info. Put more Cash in $SPY after Trump tweet. Steels, Oil and Chips still working. Long stocks and/or options: Steels $X $NUE , Oil $SLB $CRC $BRY and $SMH
  • bRobert: @baronp0329 $SPY $X $NUE $SLB $CRC $BRY $SMH $SPY is very liquid and used aggressively by those looking for beta utilizing margin/ Call options. (recommend only for savvy traders) My largest single position has been $SPY stock/LEAP calls (loaded up in JAN) 27% ytd return ETF . Considerably more with LEAP calls it trades very technically and can outperform even as breadth fails as it did in 2017 with heavy weighted big caps doing the lifting
  • baronp0329: @bRobert $SLB Agree with SLB. My oil and steel trades are working. Long $X $SLB $CRC $BRY
  • baronp0329: Locking in profits $CRC: another 1/4 position, up 22% $BRY: first 1/2, up 21% $SLB: first 1/2, up 7.8%, also 1/2 of Dec Calls for small 52% profit. $GOOGL: 3/4 Position up 4.8%
  • baronp0329: @bRobert $CP $SPY $QQQ Agree, I see a lot of double tops. Also took partial profits on some Oil stock position that were up over 20% ($CRC $BRY) and $SLB options. Also took partial profits on swing positions like $BBBY $GOOGL $ROKU $FB $UNH
  • baronp0329: Oils are working. Long stocks from last week: $CRC 9%, $BRY 5%, $SLB 2.8% (also added Dec Calls on SLB this morning)
  • bRobert: @baronp0329 $CRC $BRY $SLB SLB higher lows $40 target Long calls Rinse repeat swing trade Many times
  • baronp0329: @bRobert $CRC $BRY $SLB Very nice Robert!
  • baronp0329: $CRC, took profits on 1/2 position for 24% profit. Up 18% today. Still full position on $SLB $BRY, both at HOD
  • baronp0329: $LK, Long stock at 29.60 and Dec 27 Calls at 2.10. posted on OMM last Friday. Took another partial 1/4 profits of 167% on Dec Calls and 1/2 of stocks at 31.90. $PDD, Long stock at 32.60 and Dec 33 Calls at 1.30. posted on SMM last Friday. Took another partial 1/4 profits of 215% on Dec Calls and 1/4 at 36.50. Breaking above 50ema New Positions today: $BBBY at 12.90 - 13.10. Nice bounce from 50d. $XBI 89.70- 89.90. $CRC at 6.20, oversold $BRY at 7.24, oversold
  • baronp0329: @champ, $CRC $BRY and $CVX posted that they will not be heavily affected by new Cali fracking restrictions (by Mr. Newsome with his nice hair). CRC up 15%, CVX 1.1%, BRY down 20% due to a couple of downgrades.
  • champ: @baronp0329 $CRC $BRY ---- On $CVX, they are huge in the Permian. The price of Oil is up nicely today, over $2. Nice trades going on in the sector today, might continue. ( Yes, pretty boy)
  • champ: @mopick $CRC $BRY $OXY $CVX --- It is not me my friend, it's you. IMO, you are a complainer and you are acting like a little kid, a wimp. You are so political, maybe you should just stay home all day and maybe just not get involved, at all, in the real world.
  • champ: $CRC $BRY ----- Dropping because of comments by California Governor Newsom, to halt any new fracking permits, could be effecting many other energy names also, $OXY...NP's.
  • Herb: @champ $CRC $BRY $OXY Bot a little $CDEV today 3.05.
  • baronp0329: @champ $CRC $BRY $OXY Dang, not good news for Oil companies with heavy operations in California. $CRC $BRY $CVX. I do not like that Newsome guy!
  • Herb: @baronp0329 $CRC $BRY $OXY $CVX He has good hair.
  • champ: @baronp0329 $CRC $BRY $OXY $CVX --- I live in California, as you know he is the Governor and he was also the x-Mayor of San Francisco, they keep electing him, pretty-boy Gavin. This state is getting dumber and dumber.
  • mopick: @champ $CRC $BRY $OXY $CVX, hey, Champ, I thought we all agreed, NO POLITICS!!!
  • baronp0329: @champ $CRC $BRY $OXY $CVX Champ, you won't get any disagreements from on this Newsome character!
  • champ: @mopick $CRC $BRY $OXY $CVX --- All true, he is a pretty boy and this state is getting dumber and dumber...and they do keep electing him. But I like Santa Rosa but I don't like all the fires and the blackouts. Politics, really, I guess you are really political, maybe about everything...but that fine with me.
  • mopick: @champ $CRC $BRY $OXY $CVX, hey, I TRY to keep politics out of SMM, however, you apparently cannot resist! You know the rules here. Your statement once again is totally contrary to the policy here at SMM. Nobody is interested in your political views nor are they in mine. Stocks, Yes, Politics, No. Pretty simple.
  • champ: @mopick $CRC $BRY $OXY $CVX --- You are really political and that is fine with me, keep it going and that is also fine with me.
  • mopick: @champ $CRC $BRY $OXY $CVX, are you serious?? YOU are the ONE who introduced the politics into the discussion, NOT ME! by bashing the governor.
  • Dale: @champ $CRC $BRY $OXY $CVX Since the trading bell has rung, I will jump in and say I totally agree with you. I can always skim over any member's lengthy political comments that don't pertain to my stocks.
  • champ: @mopick $CRC $BRY $OXY $CVX--- Yep, I said in a reply post to a member "they keep electing him, pretty-boy Gavin....this state is getting dumber and dumber." You must think that this is a really bad post....and that is fine with me. I could keep going but I won't, however, you can if you want.
  • mopick: @champ $CRC $BRY $OXY $CVX, Wow, you're just not getting this are you?? Like explaining color to a blind man. I'm done!
  • Pcdentist: @champ $CRC $BRY $OXY $CVX Change is the only constant,,,just a blink of an eye ago,,,Ca. was mostly very Conservative,,,,amazing change
  • Pcdentist: @mopick $CRC $BRY $OXY $CVX How easily can one be offended by a paragraph in a forum? I presume that you do not participate in any social media ? As far as the policy here on SMM, It makes sense that we keep it to trading, but, as far as I can tell, trading is rather entangled in current events and such and it seems obvious that no one here is trying to convert anyone to their political persuasion and is simply sharing their trading experience.
  • mopick: @Pcdentist $CRC $BRY $OXY $CVX, hey, the policy here is very simple, NO POLITICS! Why is that so difficult to understand? If we go down that path then this site is no longer of interest to me and I'm sure to others. I resist social media because it's largely a complete waste of time and energy. That's really irrelevant any way. SMM focus is on stocks and making money!
  • champ: @bRobert $XOM $HES --- Yes and I can't disagree on $HES, but the main move started on 10/8, could continue and on $XOM, this might be or could be the start of the main move..#Day-1. .....Look at $CRC, up 44%, top gainer today and there are others that are also having nice moves today.
  • CraigReynolds: @champ $OC $MAS $FND $GVA $ROAD $SUM $CMC $USCR $OSB $UR #Check #only #No-twisting #Strong-buy In $NUE shares LT and a small position in $CRC. Here in my small town $NUE is working 7 days -- 24 hours/day and trucks rolling out continuously from plant going some place. They are even planning a plant addition. $NUE is also a large supplier of metal roof decking for construction. All buildings need roof decking. Yes, also in $OSB because of the needs in all construction. You are sure involved in all the Future.
  • Spotdog: @baron0329 I picked up a little of your $CRC yesterday after you posted. Up 20% this morning. Will keep on a leash. thank you
  • baronp0329: @Spotdog $CRC Nice trade Spotdog! CRC published an official denial of the Restructuring news late yesterday afternoon. Couldn't trade it today. was too busy with too many day trades. Good luck with all your trades.
  • baronp0329: $CRC, One of my favorite high Beta Oil trades just tanked about 45 minutes ago on big volume. the other Oils are not down that big. NP, Missed the short.
  • Spotdog: @baronp0329 $CRC VWAP is at $12.04. Hopefully it will close a little higher. Thanks for pointing it out for me
  • bsnceo: @Spotdog $CRC what is the story with this decline ? I don't know much about the company and didn't see any news that stood out about it on a quick search
  • champ: $CRC....watch for entry.
  • baronp0329: @bsnceo $CRC Cannot find any negative news on CRC. The Option spreads are very wide, hard to trade options.
  • bsnceo: @champ $CRC looks like a falling knife. What's the story here?
  • CraigReynolds: @champ $CRC Why (don't see any news) drop?
  • baronp0329: @champ $CRC Champ, maybe entry for more downside. CRC is a heavy leveraged company and needs Oil price over $58. That's why they have many Joint Venture relations to share the cost.
  • spmeyers: @champ $CRC this guy sure does make some huge % moves, both ways
  • champ: @CraigReynolds $CRC --- The news is because of speculation that they were meeting with restructuring advisors. CopyCat-sellers.
  • Herb: @champ $CRC

    CRC California Resources Corp shares see meaningful afternoon unwind on spike in volume, dropping as much as 34% -- Now seeing chatter that weakness is being linked to vague speculation the company was meeting with restructuring advisor ...
  • champ: @Herb $CRC --- Yes, exactly, great post and #Thanks, for taking the time to Post.
  • champ: $CRC, just a great move going on now in the AH's trading. Now up around $2.50, off of of LOD...and it looks like it could go even higher....but I took the profit $$$'s...#OUT.
  • bigbartabs: @champ $XEC $DECK $T $DISH $LGIH $SIG $LULU $AMZN #My-Market-Plan #Bounce-Candadietes ... I decided to buy a position in $CRC at the Friday Close. Even a blind hound finds a bone once in awhile.
  • baronp0329: Thanks @bRobert for $SLB post last Friday. Got back in with partial at 37.30 and Sep20 38 Calls at 0.65. Took 3/4 profits on stocks at 39.80 when it broke below VWAP. And STC all Sep20 38 Calls 1.85 (280+% profit). SLB looks to have short term resistance at 200d. Nice timing on SLB, thanks again. Only other Oil position is getting back in with $CRC. In today at 14.05 above VWAP. It's a day trade that may turn to a swing trade, pending how it closes.
  • bRobert: @baronp0329 $SLB $CRC Your welcome. Bullish price action on strong volume got me interested in the name well before the fire works in the region . Big buyers were entering . I just followed the smart money. $50 upside with back filling and W trigger > $40.50
  • baronp0329: @bRobert $SLB $CRC Hit 15.50 target on $CRC. Taking 3/4 profits on day trade. Can't walk away from a 10% profit for a 3 hour trade. Moved stop to 15.25 for remaining 1/4 position. Waiting for pullback on $SLB before adding.
  • champ: $CRC $WLL ...Entries are running away, for now. $PBR, could still have room.
  • bRobert: @champ $CRC $WLL $PBR $WLL $11 target acquired Long stock
  • champ: $BA $TNA, both HOD...plus many other in the energy sector...like $CRC...all zig-zagging.
  • baronp0329: @champ $BA $TNA $CRC $CRC my favorite high beta Oil trade. Made good profits last 2 days. Closed all remaining Stocks at 13.25 yesterday (in 10.55) and Sep 10 Calls. Got back in today at 12.70. Good luck with your trades.
  • champ: @baronp0329 $BA $TNA .....I took the $$$'s on this position $CRC, this morning.
  • baronp0329: @champ $BA $TNA $CRC Same, exited CRC after it broke below R1 13.09. Small profit 2.5% only.
  • champ: @baronp0329 $BA $TNA $CRC ---- Let me know if you see the line, they can't go in if we don't see the break, at Pebble, the breaks are not what you think, in many cases they are the opposite, they don't break, as much as you think.
  • baronp0329: @champ $CRC Haha, that's so true. Have to read the Greens properly. Here is some recent news on CRC https://www.businesswire.com/news/home/20190910005309/en
  • baronp0329: @champ $SLB $LBRT $FRAC $PUMP $FTSI $HAL #forum #News #Entries Thanks again @bRobert for SLB heads up last Friday. Took more profits on Oct Calls, in at 1.25, Out at 3.40. bRobert and Champ: $CRC up another 9% today. Took partial profits: stock in at 10.55, Out at 12.65. Sep Calls, in 1.05, out at 2.90 Hope others followed both of your recommendations on the Oil trades and did not miss out on some awesome profits! September has been very profitable to my Trading account. Reminding myself to take profits early and not to be too greedy.
  • champ: $CRC, really nice...you should know the news, I posted about this sector news.
  • baronp0329: @champ $CRC CRC up near 13% today and broke above 50d. Took more profits on 1/4 stock position at 13.55, in at 10.55. Same with 1/4 Sep Calls at 3.40, in at 1.05.
  • baronp0329: @bRobert $BP $CVX $SLB $USO $URI bRobert, Thanks for the post on these Oil stocks. I've made very profits on stocks and calls with $SLB and $CRC the last 2 days. Still have a partial on SLB Calls and will only add on pb/bounce. Will also watch for a good entry $USO calls in the morning.
  • champ: $GUSH @ $3.90..up 14% ---- $CRC @ $11.20 ...HOD...up 13%, #Oversold bounce candidates.....and there are many others on News. The energy sector is working...off of U.S., Sanctions...No-Iran-Waivers will be allow. Entries could hold.....but they always will zig-zag. #Headlines on briefing.com was...."$CRC, $GUSH ...oversold longs on #Radar Watch".
  • baronp0329: @bRobert $GUSH $SLCA Long $SLB Oct 35 calls per your post last Friday. In at 1.25, current Ask at 2.50. Took partials at 2.20. Thanks bRobert! Also long my favorite high beta Oil play, $CRC at 10.55 and long Sep 10 Calls at 1.05. Current Ask 1.70.
  • bRobert: @baronp0329 $GUSH $SLCA $SLB $CRC I like $CRC traded it a number of times $12 target 1 $SLB calls since $31 entry have done extremely well Rolled /partials
  • champ: @baronp0329 $GUSH $SLCA $SLB $CRC....Yes, $CRC, is on Day-4 now and it is always about timing. However, it is also about which stocks in the sector, can hold onto these recent gains and continue this move off of their recent lows. The next few days will be test days and traders are everywhere, testing. $RRC, is up 26% in just 5-days but there are many others and all will be tested.
  • baronp0329: @champ $GUSH $SLCA $SLB $CRC $RRC Good trade Champ on RRC. I have never traded that before. Will include it on my Oil Watch list. Good luck.
  • champ: @baronp0329 $GUSH $SLCA $SLB $CRC $RRC --- The news is positive for sector timing, luck is always in play, for sure. In golf, I always feel very unlucky when-ever I missed my birdie putts but I always felt very-lucky when ever I made my eagle putts.
  • baronp0329: @Bridget $WDC Nice trade Bridget. Totally agree with "take profits when you can". I've been doing the same with $WORK stocks and calls, $ULTA stocks and calls, $SLV (bought back the calls that I sold yesterday), $CRC, $MDLZ. Not shorting the market but the gains today could be wiped out again by a single Trump tweet.
  • spmeyers: $CRC looks shortable; breaking down from a base of a few weeks [swing trade]
  • baronp0329: @bnnybklyn $SPY I follow Ciovaco also. I made some good $$$$ from reading his posts. I posted the text below earlier this morning on OMM side. "SPY and $IWM looks like more downside too. Yesterday, I thought that there was too much buying enthusiasm from a Trump Trade tweet. Then I read a tweet from Chris Ciovacco on 10-2 yield curve inversion ramifications. So, got some $SPY Aug16 292 Puts for 1.55 1.70 at the close yesterday when it couldn't stay above 50d. Sold 3/4 this morning at 4.80 - 6.20. Still have 10 contracts left. Still mostly cash. Added more to $GLD. Closed $CRC (ugly day for Oils) for 7% swing trade loss."
  • CraigReynolds: @champ $CRC LT hold since your late May post. Very high Option buying today after GS downgraded several oils back 7/8. Not sure what is happening but watching.
  • CraigReynolds: @debeers $CRC Sorry, thanks for head up alert
  • champ: @CraigReynolds $CRC ---- A little news on the #Energy-Sector --- On these type of stocks, I follow the news. I have been out of this stock for awhile now. There is always a lot of risk with names in the sector. This sector is mostly for trading, #Cop ...
  • CraigReynolds: $X $CRC $NUE $CLF $CRS $EXP $OSB Spec trades. These are companies that contribute to the construction plays in road and commercial buildings. Both road and commercial construction are big growing construction phases in the USA. Look for good entries. They are Speculative Plays so enter wisely but the construction in these areas are needed and have to be done.
  • CraigReynolds: @Sher $X Was in and bought more July 15c first thing today -- double already. Commercial construction is a boom industry. $NUE $CLF $CRC $SCHN $STLD Most companies that supply roof metal decks or even metal roofs for homes/commercial buildings (USA made) have major backlogs. Commercial construction projects like schools are being constructed all over the county. Decking and roofing require 3-4 months before delivery. Road work requiring steel is happening, no choice, has to be done all over country. Watch $OSB. Big up day 6/14 and believe more to come. This is from Canada and trade deal was holding it back. Majority from Canada also produced in USA.
  • baronp0329: @champ $LBRT $FTSI $SLCA $WLL Full positions in: $CRC stocks and Jul Calls. My favorite high-beta play in Oil industry. $USO stocks and Jul Calls $RIG Jun and Jul Calls (Najarian Bros call a couple of days ago).
  • CraigReynolds: @wijimmy $CRZO Just reacting as other oil small cap companies. $SM $SRCI $CRC $GPOR.
  • wijimmy: @CraigReynolds $CRZO $SM $SRCI $CRC $GPOR .. all ugly charts
  • CraigReynolds: @wijimmy $CRZO $SM $SRCI $CRC $GPOR Oil -- Same peers
  • champ: $FANG $CXO $PXD $CRC $EOG $OXY....a few names in the energy sector, are moving again today.
  • issues: I have this stock in my portfolio and I don't understand why I bought it. It doesn't pay a dividend. I don't think anyone on the Forum recommended it. Anyone know anything about $CRC? stopped out $SOI $WLL $PUMP bought $NEO $TOL & $DHI
  • JoeTrader: @issues $CRC $SOI $WLL $PUMP $NEO $TOL $DHI I own some $CRC...my stop is 20.11...it works great when Oil is strong; when Oil is weak, not so much...
  • issues: @JoeTrader $CRC $SOI $WLL $PUMP $NEO $TOL $DHI Thank you Joe! Appreciate your input. I have my stop at 19.95. I am sure getting stopped out a lot lately. Small little paper cuts add up!
  • shoredriver: @issues $CRC $SOI $WLL $PUMP $NEO $TOL $DHI ......$CRC..just click on the symbol...you will see who has been yaking about it....
  • JoeTrader: @issues $CRC $SOI $WLL $PUMP $NEO $TOL $DHI Stopped out of $CRC...
  • champ: $CRC, adding a little.
  • JoeTrader: My $CRC stop was placed just below the high volume / breakout day of May 16...tells me something going on with Oil...I think the market is telling me something...
  • JoeTrader: @champ $CRC #News Thanks Champ! I like $CRC LT, but I don't trust this market...I'll keep an eye out for a better deal...
  • champ: @JoeTrader $CRC --- The Oil inventory numbers were reported....and that triggered the price of Oil to drop....and then some moved off this stock and many others stocks.
    Also gasoline production decreased last week and also had a build.
    ......Howeve ...
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Stock Price $54.93
Change 3.12%
Volume 523,949

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