The headlines of , " OPEC cuts Production" and the fear of higher oil prices may be the headlines to make us head south from its 70 ish RSI. Of course, that headline woild help us out of the market basement.
Read about the 15 mill fine given to Citigroup yesterday. It was for analyst manipulation of their calls. Telling one group of clients to short while telling another group to hold. Never trust an analyst sell recommendation when a stock has a 30 RSI and MFI. if they had your interest at heart they would have told you to sell when the RSI and MFI was 70 !!!!!!
The abuses have gotten so egregious that it is a running joke that a Goldman Sachs "buy" recommendation is a "sell" and a "sell" is a "buy".
The articles are from yesterday, one is on market watch. It is what I have been saying for years, " The analyst and investment bankers work together" !!!!!! There is literally billions at stake here, and purposeful misleading of the public, but fined $15 mill. That fine will not change behavior one bit !!!!
In college I took a class on how to implement change. That course helped me immensely in my management career. One of the primary steps was to assess the forces for, and against change. The forces to cut production seem to be stronger than the consequences of no change. I am also very skeptical of articles that try to scare you when the RSI and MFI is around 30.
Electric cars fuels by Nat Gas power plants may also be an alternative. However, for the next 20 years, oil is king as another $trillion of gas powered cars will hit the market.
The last news was a very big deal. I expect it will take awhile to get that settled and closed. Now, will the prior pipeline contract apply to SW?
That is another bad McClendon contract that needs to be undone somehow. Landowners need to be treated fairly. If the contract is unfairly written toward the landowners then they should be rewritten.
This contract is bad for CHK and Bad for landowners. How can it be broken? Lawler is getting his returns hammered and Landowners getting screwed by this contract. Maybe Access can be paid for the for the so called loan, and drop the rates. Gathering costs are hurting shareholders and landowners. Maybe the Feds are the only ones that can break this contract.
They sold that off pre-split so I sold my options. I am still slapping myself for that, but had a 100% gain and got nervous. Could have had a 300% gain arrrrghhhh !!!!!
Sorry buddy, you must be using that red state math. We were at $106.59 on 6/17 and $74.28 on 11/19. That is a 30% drop in my book.
Secondly, You admit there is a supply imbalance. I agree that is the current problem, more than the strong dollar.
Thirdly, in other times where the USA produced large quantities of oil, imports did drop. The world will catch up and use that oil. Ford has estimated the Asian auto industry is worth 1 Trillion dollars in growth by 2020. I am sure 99.0 % will run on gas.
Per recent article,
Traders have been reluctant to make new commitments ahead of the OPEC summit on Nov. 27, analyst Tim Evans at Citi Futures said. There’s growing confidence that OPEC will take action to cut some supply at next week’s meeting.
I agree, we must have patience and have lots of hope.
Ok, so has the dollar gotten 30% stronger to world currencies? If so, why is the price of gas dropping substantially in Asia. I agree the strong dollar makes a difference but not a 30% drop.