I think a weaker dollar will increase oil prices much not like we have seen in the past. Forecast is an increase of $5 yr over yr
I doubt it Most likely they will require a sale of some of the Australian assets post merger.
XOM and CVX benefit artificially from being in the DOW 30. Shell is confusing since there are A and B shares and often different symbols that make following the stock difficult. Also Shell sells 24/7
I read an article in the Houston Chronicle this Sunday that most of the oil hedging in 2015 will end by the end of the year and the 2016 hedging will be at best $45/bbl. Might be something to consider as EPS for 2016 will be challenging.
Looks like the whole market is correcting. The dow 50 dma dropped below the 200 dma on August 11th. But that being said there is a buying opportunity but it just isn't now.
I am concerned with the spread between Canadian crude and WTI. Granted they are not the same in quality but a $20 spread makes the #$%$ crude attractive. But you have to be able to run it.
Me too. The price was about 76 when the 200 mda dropped below the 50 mda and has stayed there. There appears to be a wedge forming so we are getting closer to the bottom.
You just have to have selective hearing and view it as entertainment. There are some good ideas but you have to evaluate screen out all the other junk.