Getting 80 and 90 dollars a barrel for the next year is not a casino , its a fact. just like smart people are covering while the hedge funds are buyiong (fact)
What's this about hedges expiring? What cstupid person don't read that they are good through next year and more can be added with shorting oil, options ,straddles and puts. They can bet against oil return and come find neutrality. Yes it takes money to hedge and options. It's more costly not to have them if oil stays down. I am also betting oil will be going up within the net year and going up 10 bucks a barrel the next year. at's 55$ to 60 dollars a barrel.
The OPEC nations are borrowing to keep the price down. They are done, period. It takes more to ship it then new technologies can lift it here. The only difference is the debt cost and hedges.
The whole industry paid to much to buy land and produce. Now the price is to cheap for fields. The big money will see before long. Just like Japan buying the west coast. I think China may be next in line for oil investment s.
Put things in perspective..... How many poor and homeless die in the bigger cities every day. How many get knived and shot every day 80? Or more. Terrorism in gangs is 100 times greater..... It's a GOP tool for panic.....if these religious wing nuts cared they would have supply side with compassion and not a cliff
There is a better chance of TV evangelism TV host going to jail.
I would take them over hateful GOP religious extremism tea party pukes. You can't believe a word trump or Ryan say. They are still looking for birth certificate and inflation
This is not the endless short...... The debt is a long way out ... Cash flow and a very over sold position. You won't know what hit you when real cold weather hits
That is BS. You know it . they have alwaysed hedged hood......... Dependable old sites and great hedging..... It's like clock work. Cover fool your time here is about up.
According to our database, 25 elite funds held Constellium NV (NYSE:CSTM) in their portfolios at the end of June, having snapped up 31.5% of the company’s common stock. Phill Gross and Robert Atchinson, the managers of Adage Capital Management, like this company a lot and have boosted their stake by 49% over the second quarter to amass 8.32 million shares. THESE shorts now know that the buss is driven by BIG money. The shorts have to cover, not the longs.
you mean the oil manipulated prices? If anything its a temporary low dip. Shorts will have to cover . The longs know this.
IN no way can the middle east borrow enough money from the world to keep oil down with out manipulation and stupid shorts. They will burn. Technology and the SHALE fields are forever. The OPEC nations are the new capitalist the world know owns because of their borrowing.