stockpiles are through the roof. It is entirely conceivable that we have a strong leg down toward the high $40's if warm weather continues. I live in the Northeast and have had my heat on less than a couple days in November so far.
I am still long on COP, although at 25% of my original position, (1500 shares) so yes, I would love for COP to get to the low $50's before a re-load, but that's the way I see it. One more thought, if crude stays below $50 for more than a couple weeks, you can bet the house that analyst earnings estimated will be revised down. This is a fact.