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 $2.50 (April delivery drastically cheaper than May). As on analysts noted, as "Cushing continues to fill massively, we could see a '3' handle on WTI."
Following a guy w/ proprietary algo "Z"model, he shows low in oil this Wed-Thurs fwiw
But the dividend will save you, repeat, repeat.....
highest crude supply since record keeping
is working in the oldest profession
see HBO "Vice" video on Fukishima, posted on zerohedge, prob on youtube I surmise, millions of gallons radioactive water stored, topsoil too, in plastic bags, Hari Kari should be a daily occurance for those arsewholes hiding the truth, hear me?? JUMP !
TDAmeritrade Q1 est= .03
In a strongly-worded press release, the USGS states, "...Large areas of the United States that used to experience few or no earthquakes have, in recent years, experienced a remarkable increase in earthquake activity.. This rise in seismic activity, especially in the central United States, is not the result of natural processes... Instead, the increased seismicity is due to fluid injection associated with new technologies that enable the extraction of oil and gas from previously unproductive reservoirs."
The #$%$ frackers don't give a rat's #$%$ about the nation's aquifers and OUR drinking water. They've already illegally destroyed some here in California. NY has the common sense to BAN it. More will as chemical injections of carcinogens back into the earth find their way to a well near you. The issue of water supply is a whole other nightmare. Keep drinking the industry's koolaid, like all the other corruption in the USA.
cut the long-winded **BS** ! There's been quakes in Texas (another state OWNED by the industry) recently
ALL AROUND FRACK WELLS. Never before. cut the krap please.
So you think all those quakes on Oklahoma are just bogus? to the state OWNED by the oil industry? You think there's no reason for a BAN now in NY? LIAR or moron.
we expect COP to generate roughly $7 billion of negative free cash flow in 2015 after capital spending and dividends, which the company indicates will be financed with debt and cash on the balance sheet. Absent a significant price recovery, we also expect negative free cash flow again in 2016, with cash flow neutrality achieved by 2017, at the earliest... we estimate that COP's cash flow based leverage metrics will deteriorate materially in 2015, with retained cash flow to debt declining to 14% in 2015 from 51% for the period ending September 30, 2014