Gas was in the 3 dollar range last week, it didnt drop until the weekend, now that gas is at 2.29 we will see more demand and with labor day weekend gas demand will be much higher, crude could have a build next week but the draw down on gas will be large, i am going to wait until next wensday or thursday to short oil again, but good luck
You have to many posts you want us to mark, must be 50 mark this post LOL but i hope it goes to 55 a barrel next week
You mean my call in July to Kingly doesnt count? I even included a China crash LOL,,,, ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,fp718591 • Jul 30, 2015 3:27 PM Remove
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Wait till oil crashes, China bubble brust is coming, oil will be in the 30`s
Blue good luck on GASL, personally i never touch something like GASL when its ready to go through a reverse split, the split announced was 1 for 4 in Sept
Hello Billy i sold my DWTI for a quick 25 dollars a share profit, next EIA report should show a large draw down due to Labor Day weekend, also gas was 3.39 last week and this week in the 2.29 range, you could get a build in crude but the gasoline draw will be large. I am hoping for WTI to hit 50 to 52 then jump back into DWTI, good luck
Billy, i stated earlier on the USO board the reason i sold was because everyone was so sure it was a great short, when short amount picks up fast the Bulls see that and squeeze them, and thats what happen today. Also all commodities were under a heavy short squeeze, just look at ACI a worthless coal company that shot up over 300%, their is something else to think about, the Banks have invested billions in oil companies along with fracking companies, its cheaper for the Banks to pump up oil prices so oil companies can hedge their oil at a higher price, then banks can short oil. Fire side sales only get pennies on the dollar and that would kill off some banks again, just a thought
Blue, thats a good buy, also i saw they extended the time frame before they do the splits. I remember when gold crashed and i bought NUGT, gold and miners were going up but NUGT was barely moving because they announced a reverse split. Good luck
Buy some PBR at 1.50 a share and when the bulls come here hard and strong start dumping, its the corrupt Brazilian way, hehehe
According to our estimates, each $5/bbl move in the long-term crude price would impact the fair value of PBR’s exploration-and-production assets by $13 billion, or $2/ADR. In our base case, we use a long-term oil price of $85/bbl. Therefore, if oil prices were to remain at current levels in the long-term, there would be no value left for PBR’s common equity holders, given the current balance sheet structure.”
Sentiment: Strong Sell
I read you were short oil since the 90`s that was a great trade that i never even thought would happen. I am looking for oil to stay flat line until Tuesday. The big run up this morning was unexpected. I have been looking at the 1 year chart, the RSI, MFI and STOCH which none of them make any sense, then i looked at the 5 year chart and that made sense the way they equal out. Just by looking at the 5 year chart, i can see USO breaking above 16 and if it does it will be a great short, good luck
ECB lowers ELA cap for Greek banks as liquidity conditions improve
9 hours ago
ATHENS, Sept 3 (Reuters) - The European Central Bank lowered on Thursday the ceiling for emergency liquidity assistance (ELA) Greek lenders can tap from the Greek central bank to 89.1 billion euros from 89.7 billion euros, a banking source said.
"The ELA cap was lowered due to conditions and inflows normalising," the source told Reuters, speaking on condition of anonymity.
Greek banks, who were shut for three weeks over the summer, have relied on emergency funding in recent months after a wave of deposit outflows.
You mean PBR balance sheet looks great to you, the only silly thing is people who believe the balance sheet looks good, personally i have said 3 dollars for this stock, but i wouldnt touch it unless for a quick flip, common shares holders will get wiped out, new shares created to help the company stay afloat until times get better, its the only way for PBR to get more money free from stock holders.