Energy stocks are priced for 40 dollar oil. If we have a couple months of 25 dollar oil, these energy equities will be half of what they are today.
I was just reading this article on seeking alpha XLE: Energy Stocks Still Overvalued Relative To The Oil (september) . Very good read for those that want to compare oil price with xle price. Energy companies are way way over valued for the price of crude.Most everyone seems to be thinking a v bottom for oil and bidding up the equities at this point
Interesting how energy stocks are gaining a bit of traction the last couple of weeks. Looks like some major investors are buying into the oil has bottomed argument and buying up equity shares 20% or more off their lows. When comparing uso to the large cap energy producers, there is beginning to be a hefty disconnect with the price of crude on a historical basis. If crude hasn't bottomed we are going to see these same energy equity bets unwind in a hurry and lower lows feeding on themselves as any good bear does.
Faucette said Blackberry would be insolvent in 6 months two and a half years ago. He warned blackberry customers to quit blackberry because there days were numbered to a few weeks maybe months. He should be in jail .----in racebills world faucete was dead spot on.
Technology cycles always always happen. Apple pumpers repeatedly screamed that Apple is different, and fools would continue to buy their apple junk forever. Apple lovers----meet the 7 year bear.
It takes about 5.2 units of natural gas to make the energy of 1 barrel of oil. Natural gas is priced around 8.50 a barrel, compared to 37 for oil. Probably doesn't help you figure out the lows for ng, but it does show how free it is today.
Last time we heard from him he was all super bullish about 3x bull natural gas, and buying on every dip. No worries bashzilla/ and all your freak names, ill give some support to ng tomorrow, and you might get 20% of your money back.
Dog you said repeatedly, probable a 100 times or more that Blackberry would not survive past 2014. so shut the frig up. you know nothing.
here is a article on what I am talking about "Oil bosses call for a strong deal at Paris climate talks" search it
Paris climate talks will help ng a lot. Those in the know are loading up now for announcements to be made at the end of the month at Paris. Expect ng commitments towards many many more cars and power generation as ng is the best of all evils of the carbon fuels. 3 dollar for ng is coming sooner then most everyone thinks.
Will be a positive for nat gas. It is the only reasonable solution for lowering co2 emissions, and the gibbering from the social engineers will push nat gas into the three's quickly. Coal is the devil according to the watermelons and nat gas is going to pushed as the transitional fuel harder then ever.3 dollars coming.
Sentiment: Strong Buy