You make some good points but I can assure you some fracking outfits will not be able to sustain itself now with higher exploration costs and reduced revenues. Glass half filled half empty kind of a scenario.
All the while one good thing results from this Russia on the verge of going into a massive deficit melt down.
The most notable winners are the airlines, which see a significant portion of their costs go to fuel every year. In 2013 alone, U.S. carriers spent about $48.20 billion on fuel, according to the Department of Transportation.
So if fuel prices have dropped 30% YTD the airlines could conceivably render $14B in cost savings due to the malaise in the energy world.
With oil DOWN 30% YTD LUV should be locking in future fuel prices which will lower their second largest cost structure immensely. I don't know what their hedging status was before all of this turbulence in the energy sector hit but it's a great opportunity to act now. Or maybe even wait for more carnage to play out in the energy world.
When LNG sells off like it has you're in the thick of an energy meltdown beyond words. And obviously XCO is doing its part to destroy investors portfolios. Unless you're short.
Bashing? Down 20% this week alone. Are you kidding me? It's called reality 101 and it wreaks my friend. Unless you're short then you love it.
Looks like energy has had its run. I agree with your post. And after reading about Toyota's major bet on fuel cells and hydrogen in the great state of CA I too believe energy as we know it will go through a major transformation. What hasn't in our world today?
NG supplies dropping off a bit but if the Saudi's can't assemble some sort of pullback in production forget energy plays for a long time. Something we're obviously good at here.
So is your wallet son. Too bad you live in denial. Excess NG supplies combined with a watershed castigation of energy plays and what does one get? Murdered. I guess you live in some kind of a cave or something ha??
Well, they've been the one's making all the money in this POS. We're the fools. And the shorts are laughing again today. What else is new?
still the dog of the NG group. Just look at today. All NG plays are running 2%+ today except you know who. Can't hold anything because at every corner are shorts pouncing on it. Why? Because this company doesn't have the respective numbers to attract any buyers. Same old story here until they sell this outfit.
Stations being built as I type sire mainly at the greatest state in the USA, CA. TM w/o a doubt ahead of the learning curve here.