A new oil bull market may be on the horizon
Yep, you read that right. Big downward revisions to oil output figures from Brazil and Iraq could mean supplies actually tighten enough to boost prices in coming years. CAN YOU WAIT THAT LONG?
That should be only 4.9 million compared to how many billions? Horizontal rig count dropped by 1. What's going on in the rest of the world. Et cetera.
The share price is down with oil. Who would have thought that oil had peaked.. My weekly short calls will expire, worthless, today Don't worry, long-hallers,: Oil has been peaking 4 times per month.
My stop loss triggered at 33.90, a 10 cent profit. Thanks for the short-term loan of your shares. My short calls are still in force. I'm not impressed with the small decline is reserves. Everyone on earth are pumping and refining as fast as they can.
My stop loss triggered first thing this morning--made only 40 cents per share. I borrowed some of your shares and shorted again at 34. This volatility is turning me into an every-other day trader. I'm covering at 33 this time. That's when I'll return your borrowed shares. Thanks for the loan.
Your broker will loan your shares to short sellers. You have no choice. Covering is just cash paid to close the loan. No shares change hands. I'm short at 34 closing at 32.5. And a sold more short calls at 34.5. Go ahead. Keep your shares.
No chance of a cut. You've got US, Canada, Great Britten, Africa, South America, and Russia pumping as fast as they can. The UAE, et al, will not give up their market share.
I didn't sell short. I sold calls. That would be the obligation to sell the underlying issue at a predetermined price on the demand of the call buyer. However, I do expect the calls to expire, worthless. Free Money.