I would look for a pullback to high 70's, before moving up again...but hey, I have been wrong before...just made 10% in barely over a month so I am happy...moved faster than expected so I took the profit...still love the stock and would enter again if it dropped below $80.
The last time Cop had a sell off of more that 8 million volume was March 21 for a drop from 68.46 to 67.47. COP then went up 3 points in eight trading days. Yesterday's drop was a smaller percentage. Could we see over 90 in less than eight trading days?
I'm looking for a pullback and a mild correction for energy over the next week. I got into COP building a position under $70. Got stopped out today at $85.50. Energy is looking like it needs a breather.
about 14,000 July 85 calls were sold mostly for $1.36 to $1.59 while roughly the same number of July 90 calls were bought for about $0.17 to $0.19.
Biolargo’s “AOS Filter” is advanced technology that was recently validated a second time in proof of concept testing at the University of Alberta. It was shown effective at dismantling recalcitrant contaminants (napthenes 1,4 dioxane, etc) in seconds versus hours, and, at 1/20th the power consumption of the nearest competitor, making it the most cost-effective technology in just about every water industry segment.
AOS is not just a filter. AOS is not just a chemical reaction. AOS is not just an electrical reaction. AOS Filter is an electro-chemical reactor using advanced filtration to decontaminate water and make it safe and usable.
Enter symbol BLGO on Yahoo Finance “Stock Symbol” box to see full news release
“AOS Filter” will soon make it possible to increase oil sands and fracking production because it solves the wastewater problems with ultra high speed and ultra low cost.
The “AOS Filter” will also dramatically upgrade all municipal water systems, as well as clean the toxic wastewater from agriculture, mining and industry. AOS is a major breakthrough in clean water technology and is expected to be commercial within 12 months.
AOS can save permitting time in mining because it will eliminate toxic tailings and wastewater ponds.
Recent charts of BioLargo (BLGO) shares demonstrate a breakout driven by early investor discovery. Shares appear to be highly undervalued and a long-term hold for outstanding appreciation.
Sentiment: Strong Buy
COP shareholders/investors are in the right place, at the right time. GLTA COP'ers!:
NEW YORK—Natural gas will cost more this year, on average, than previously expected, government forecasters said Tuesday.
The U.S. Energy Information Administration said natural gas will average $4.74 per million British thermal units, up 6.8% from its forecast last month, as supplies are likely to stay tight.
The country's shale boom is encouraging power plants and industrial consumers to use more gas than expected, but the boom hasn't produced as much supply as expected this year, the EIA said. The agency's short-term forecast predicts the gas industry will need to produce more in November and December to catch up and match consumer demand of 72.3 billion cubic feet a day in 2014, up 0.22 billion cubic feet a day from last month's forecast.
Gas prices have been rising this spring as investors question whether even record production could match unrelenting demand. Forecasters now say average prices from April through June will be 10% higher than they expected just a month ago, pushing the average price up for the whole year.
Great analysis. The next move is they will buy the most efficient company like COP and XOM since they have $2 trillion in the bank. The sad part is the total market cap for XOM, CVX and COP is less than $650 billion. If three is on sale for 50% premium. It will only cost them $975 billion, or less than a trillion. That will help them to build its own SPR at much cheaper price. This is what our congress and president miscalculate the impact of losing these valuable companies. Not sure if these three should be bought out by our governments at these cheaper prices. Janet Yallen owns COP which is her #1 holdings. AT LEAST, she realizes that after QE, the real smart ones want to the hard assets as their collateral.