took a flier on more 60.79, may scalp off
The American Petroleum Institute late Tuesday reported an unexpected decline in crude supplies of 404,000 barrels for the week ended March 6, according to sources. Analysts surveyed by Platts forecast a crude-supply climb of 4.2 mil brl
30 January 2015
More Capex Flexibility Than the Market Thinks
We are very
that cutting capex can impact longer term growth/reserve
replacement but we do believe there is more capex
COP's program than the
market perhaps thinks. That said the shares look fully valued
incorporating our 2016 and
2017 commodity forecasts that are above the strip; and delivery of COP's growth/margin
enhancement projects through 2017.
COP is outspending i
n 2015 with estimated cashflow of $8bn
, capex of $11.5bn and a
dividend on top
We believe, t
here is still some room to lower capex in 2016, notably the
$4.5bn bucket of major project spend
. With a $3.6bn dividend, COP could not live at
current prices fore
by 2017, we believe COP could cover maintenance capex and
dividend at circa $70/bbl Brent oil ($65/bbl WTI
i was thinking 62.50 also. big $ slammed it at close, maybe it swoons to 60 so watching too.
I see Carlyle buying up distressed energy debt to take over companies thru backdoor
I've been following SEN5241n stocktwits he called for a low today, he has an algo "Z"proprietary, I own 100sh @ 64.48 and am looking to add fyi, ...
market is flashing warning signs that vital Oklahoma storage tanks will fill up even sooner than expected...
While benchmark U.S. crude oil futures CLc1 still appear to be holding firm after trading at around $50 a barrel for the past month or so, the spread between first- and second-month oil futures collapsed last week, with prompt prices diving by more than $1 to their deepest discount in four years.
Shorthanded as "JK" in market jargon, U.S. West Texas Intermediate for April delivery (known as "J") were $2.38 a barrel cheaper than those for May ("K") on Friday, a gap that likely signals the early onset of another milestone in the great oil supply glut, running out of space in Cushing, Oklahoma, delivery point for the New York Mercantile Exchange contract.
This comes as US production hits record highs and vital Oklahoma storage tanks will fill up even sooner than expected, driving the "JK" spread above $2.50 (April delivery drastically cheaper than May). As on analysts noted, as "Cushing continues to fill massively, we could see a '3' handle on WTI."
Following a guy w/ proprietary algo "Z"model, he shows low in oil this Wed-Thurs fwiw
But the dividend will save you, repeat, repeat.....
highest crude supply since record keeping
is working in the oldest profession
see HBO "Vice" video on Fukishima, posted on zerohedge, prob on youtube I surmise, millions of gallons radioactive water stored, topsoil too, in plastic bags, Hari Kari should be a daily occurance for those arsewholes hiding the truth, hear me?? JUMP !