I think 57$, then back up the truck, and hold through Jan 2013 for a nice 40-50% return. Thoughts? guesses?
Judging by the August put premiums, I'd say another 25% drop before we even think about a bottom. A month ago I thought $75 was a good entry point. Now, I'd say closer to $65, maybe lower.
Bottom was put in at 77ish.Todays volume showed that.
The whole "look I wasn't holding energy stocks" window dressing gig ended today. Tomorrow's trades settle July 1st. Enthusiastic buying of the last day dump.PXD still has the best numbers. Should be higher than EOG and CXO.