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Valero Energy Corporation Message Board

  • ah673000 ah673000 Jan 21, 2014 4:06 PM Flag

    OT: heating fuels

    Guys..... XOM can not be spun much lower.... Tonight cnbc is saying that NG supplies may not make it thru the winter without rationing ....

    I will buy my first reload if they drop it again tomorrow.

    I will also buy my first reload of ATI if the drop it into the 33s on the open.

    There is some real bs going on with both of these stocks right now.

    AH

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    • I heard the broadcast, so I am not challenging your statement, but rationing natural gas when wells are shut in, gas is being flared, and the price is sub-$5 seems incredible. Could this be a ploy to justify denying additional export permits?

      • 1 Reply to beta_seeker
      • Gas is being flared because there is no infrastructure to get it to market presently........wells blocked in......not this winter at these prices.......ploy...??? Nope.

        The real issue is propane....today Ohio stared rationing it.....

        The market continues to ignore the facts......heating demand will start to effect prices big.....and then our esteemed leaders will cry fowl.....these idiots can not get out of there own collective way.....just watch......within the next few weeks you will hear the howl from the floors of congress.....and XOM will just do what they always do.....make money by being the best.

        AH

    • Thanks AH - had not seen that news

 
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