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Penn West Petroleum Ltd. Message Board

  • mrpev mrpev Sep 2, 2014 1:19 PM Flag

    USD at 83.0- highest since May 2013

    This contributes to all major commmodity fall-oil, NG, gold, siver.
    Unlike previos weeks the euro is very slightly lower. The majority of weakness comes from BP and Yen, next A$ and C$.
    USD still has room to rise to 84 and 85-last year high, and before that-back to the mid of 2010. If so, euro would drop to 1.28 and perhaps even 1.20 with the help of ECB.
    I'm holding (with some index hedges), but not buying anything. GLTAL
    mrpev

 
PWE
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