Anything North of $58 is pure froth - We are 5% over last years supply of gazzoline! Builds builds builds! Goldmans haircut will impact the entire sector - They remain the primary manipulator of all things petro.
No, been range bound in the 50s for the longest time. Earnings are expected strong. If COP breaks out to mid 60s then it could be time for a small pullback but COP is tough to short with hand-over-fist conviction.