With that stated, do you feel the CHK has been oversold and the energy sector is now at the bottom. I can see oil not being done, but agree with our view on Natural Gas. We do exports are slated to start?
Thank you for the information, what is your take for next week and can you speculate why the break down?
Well Jet, what is your take on MRO? I feel they have a high stake in the shale feilds and it is currently killing them with both price, oversupply, stronger dollar, and Iran.
More postive talk about raising rates will help a lot. It is August, the blag month of wall street. I feel that only a rate hike will drive the stock higher.
1.) Iran coming into an oversupplied oil market will only create more downward pressure. 2.) MRO does have a large portion of assets in shale oil. 3.) Shale oil plays will face toward pressure due to low oil, but are improving and will be or seems to be swing players in the future. For the near term, I expect MRO to fall more until you see a turn around in crude. We are coming to the the last month of summer driving, but do not see that making a big change.
No, feel PBR is heading back to 5 again. Iran oil, the contiuned scandle talk, and the possiblity of higher interest rates will pressure PBR and curd oil prices in general.
I agree, but we can expect more pressure being placed on oil in general and shale producers will take a hard hit with the introduction of Iran oil. In in this sector, more downward movement. People on the board have specuated 20 as a possible lower end.
To much of a crash, across the board. Hard to tell, but it would be certain that oil sands as a group will feel the most pressure given the cost to pull oil out, which would hit MRO.
Keep in mind that what ever deal is sturck, it will have to get through the House. Unless it is to good to be true, in that Iran gives the administration a great deal and agrees to stop backing the muslim hard line, it will be a hard sell just from the standpoint that the current majority prefers status quo and grid lock for no other reason than grid lock and status quo. I think the Administration will have a difficlult sell.
Fan, okay Sorry another painful question on the WTI vs Bret. Does this mean, based on the spread, the VLO will then export their product on to Europe? If I am VLO based in the US and buyting WTI because, well, it is pumped in the US, how would that spread impact them. I am in the US, buy US Crude, and sell to US consumer how would that price spread really impact the operation unless I am shipping a cheaper good out as an Export?
Okay, we are seeing a pumping war between OPEC and the shale play. Feel low 20s to low, but then again it is the Market. Thank you
That low? It seems to be fighting the 25 level for some time, why do you feel it has that potential to move to that level. I do not disagree, I feel there is a good old fashion pumping war going on between the US Shale producers and the rest - Any ideal what barrel price MRO must have to break even?
I know how you feel, but is this break out a combination of Greece, Jobs, Lower oil, storage build, and climb in US based rigs or has VLO broken through and naturally on the way to a higher level at last? It kills me because I have been mr hem and haw mode. I feel it is to much to fast and will settle to 60 is and will they build to to Earnings. Would like to hear what Fan, DFS, and Hawk think about the last few days - Is this the long awaited break out?
Hello, I have a foolish question regarding Bret and WTI. As the price gap grows, how does that benefit VLO? Does it mean that A euro buy will purchase more VLO product and ship to Europe? If VLO buys from WTI, does that make their product more attractive for export. Is that why this spread between the two prices.
I have a question, how exposed is MRO to the oil sands. I thought most of their wells where from fracking and the oil sands. Is that right or am I wrong.
I am trying to get a better sense of the tech side of charting and was asking for clarity. I like VLO a great deal, and feel they are in a very good position. However, I do feel the stock has been moving sideways between 57 and today at 61 and I failed to make a move at 58 as planned. I need to get a better handle on charting and will more than likely ask again in the future.