companies will be up 15-20 % next year. Major Oil Services will be up 30-40 %. Also Oil will be in big demand will rising use world wide. CNBC mentioned $ 26.00 oil for next year. They didn't mention weather factor. Anyway NGas I believe will be up decently also! Bottom line is Benton Oil will slowly
benifit from energy prices that are up.
I've seen in past all my other energy stocks bad mouthed and there rising now. I dollar cost averaged nearly to rock bottom and not worried a bit on stocks and this includes BNO. Some say there will be a strike in VZ. Scared, Hell NO! Won't last long, may even buy more BNO come Monday, noon time!
Didn't mention other stocks up, but people are buying because they see prospects of capital gains and improved earnings, BNO will do the same down the road.
I mentioned this post because I'm not greedy. I have the patience to things out
and not a day trader. Not hyping any stocks on this, but watch WZR post #34 and EX post #434. Copy the addresses of websites on Thermal Picture
of the Oceans. We are seeing peak temps. in red for year. Coldest colors on charts will be by March 15th. Also look at the annomoly's chart at EX 434 post. Check the loops for last 2 years. Blue colors appearing on chart. That's the
thermalclines rising to surface in spots, COLD WATER. Thermalcline has been rising last year or more. Believe a cold winter in store for U.S.A. Hard to explain in short message, oceans temps. effect on world weather. Weather cycle is turning down on temps. Even if affects don't show now. But look at the nice cold front that came in from Canada this week! EARLY! Think we are going to have fun in energy stocks this winter.
Last year El Nino was starting to ebb after being very strong. Big different this year, it will be colder. Loaded up on BNO x 5. I didn't curse any stock, OPEC killed energy stocks with flood of oil depressing prices.They mended there ways by seeing the what fools they were. Didn't help either the Pac-Rim were depressed with there economys, that change for the better months ago. Anyway sold a few other sector stocks which were near highs and bought the energys, Ngas & Oil Drillers, Services- Land and Sea dollar cost averaging. Did you nail TMAR near lows, or PTEN, OEI, NOI,VTS, ESV, APA, DO, CD, EX, XTO, FST, GW,CRK,SFY,GLM,FLC,PKD, KEG . Still haven't used margin yet, and not a day trader. Don't care for worrying about little ups and downs. Not so flocken greedy. Been to busy with alot of fishing, Blues, Striper's, Fluke, Weakfish. Sea Bass,going again in morning, Rockaway Reef. Love retirement early.
Hope you have to set your heat up alot this winter. Going to do some sailfish fishing this winter down by West Palm Beach. May pick up WorldCat 26'boat to replace my older boat late next year.