Energy is a buy at these levels, here is what the poster was referring to:http://finance.yahoo.com/news/plateauing-rig-count-fall-does-143343471.html;_ylt=AwrC0CNZ62VVCzMAcE.TmYlQ;_ylu=X3oDMTByMDgyYjJiBGNvbG8DYmYxBHBvcwMyBHZ0aWQDBHNlYwNzYw--
Was still working rigs out of service. Overall four of five bits are needed just to maintain production . To have an almost 50% reduction will normalize pricing. Need to get past OPEC's next downer of a meeting, prices will drop then recover as most are predicting in the second half. Saudis are bleeding their cash reserves, will not last too much longer, they want to see consolidation.
Do think oil will retreat as production has not been cut enough, also with the recent rise companies are starting to complete more wells that before laid dormant.
Rig count is still at all time lows for the year, I read last year 4 of 5 rigs are needed just to maintain production, inventories will drop will, unless all O & G companies get crazy and start to ramp up production. Also will be interesting what OPEC says in a few weeks, will the continue to cut off their nose to spite their face? Probably will for rest of this year before they start cutting.
You really like tongue, LOL, .. Ribby is a gambler as Tammy is and ultimately gamblers lose unless you are the house. Enjoy your short lived victory as a repeat is very unlikely. Investors live and learn, one time winners never survive to play another game. If I win or lose in the market on any given year I continue to thrive.
Sorry I don't DJ for trailer trash, maybe Obama will, as it seems you are his voter base. Good luck with your new membership with the #$%$ Yacht Club. Hope your new boat built with 55 gallon oil drums lashed together and place on plywood will float your party..
I disagree, the language is specific, they have til 08/31 to get their act together. This can is not going to be kicked down the road much further.
Goodnight Dumb Dumb, the bet was 10K not a 100K and the offer is still their, so why not peel off some of you winnings, I would be glad to take it. Evil loser.
Oh please, do you think we look forward to you nasty/evil self. You, Clitto, Client, Wi, and Cherry are all the same. Only friends you have are the ones you make up.