Remember this oil is at a pre + to brent
And the gas is much much higher than us and rising as england ran out or almost 6 hours worth of gas this spring .
So there price will stay high all summer and rise much higher in the fall.
And they have some new tax laws that are very helpfull to exploration. Ie profits
May be some tree shacking today
Short interest at 73%
Search daily short volume for a free site.
Only large instutions can short this stock.
They picked up at 55 and are still on a hold but can short now and cover latter.
Will have to see
From a swing trade this still looks like a great floor so I'll buy and buy and sell at the end of the month when full production hits.
ya have to wonder why carrizo sold huntington.... ya have to wonder about debt and cash flows going forward... ya have to wonder about global supply/demand.... ya have to wonder why any of us are dumb enuff to own a PK listed o&g co. in what could be the beginning of a long bear market...lol,,, at myself also... But I did lighten up 2/3rds in the mid 60s(knock on wood).... gltalll...
Kind of interesting about all the stories that come out from reporters justifying the movement in crude prices. For instance, the rue that Iran will strike Israel, therefore the our oil companies are worth more money in the event of a war- this will create an oil shortage. Here we have a Syrian revolution in process next door to Israel, with them confronting the Russians about supplying weapons to Syria. But now the issue is apparently oversupply. what the #@$! Hollow