Agree,,, usually we see a melt up into earnings...especially since they usually announce anything significant around earnings call. I suspect covenants issue will be announced at CC.
and that is a story that always has an unhappy ending. Enjoy the ride but get off the bus quickly when this craze turns. Fundamentals still deteriorating
Instead he will get a cigar, and hot woman with some big Knockers as seen on Facebook and party hardy that he got out of this unscathed. He will end up with the same shares as a gift for a job well done. NOT
The selling and closing of 200M got us nothing.
Risk off is on...until all the chicken #$%$$ sell. Doha is predictable. Drag this out and see who folds first. Moham new prince in SA fiddin to get a PHD in business. Their #1 goal is to kill all the hard earned capital in North America. If they lose their seat off the swing producer train, they will eat a Helluva a lot of sand and drink a lot of oil.
yes looking for a rip your face off rally this afternoon ...why? because no one thinks it possible. OIL and NG are both what they call "widow makers" . DNR will both survive and thrive from here. OIL is a sentiment trade and the sentiment has changed. They will come out of this meeting with a freeze deal (worthless) talking about the June OPEC meeting where cuts are on the table. They know how to work it bruh.