Some may get to work before the days end.
Rig count will fall week by week. Projects and layoffs announced week by week. The next 6 months is not going to be the same environment as the last 7 months.
I agree. You think shorts cover when everything is back to normal? They cover before the crowd enters back in. How many rigs need to taken off the market before those nasty hedge funds go long.
Uhhhhh, has it not bucked the trend for 7 months as the market was climbing. Maybe it will buck the trend for the next few months. You think shorts will cover when oil is back to $65? They know when to hold them and when to fold them.
I also hold FSLR so have been taking a beating the last 6 months. Their price trades with oil but their fundamentals do not. The drop in oil prices should not effect their earnings.
I am so confused....what are we ??????????
OPEC check list:
Pull in Shale oil - Check
Convince Russia to cut production - In progress
Convince Mexico to cut production - In progress
The question will be, " How much will the shorts invest on an attack with a Billion $$ buy back in place ?"
In about 5 weeks we will be down about 500 rigs. That will get some attention.
I say 13 million scattered or were killed !!!!!! Tune in after 5 pm
If oil prices increase we have tons of fuel. However, shorts have been on the correct side so far. Hope that changes.
Join the other 71 million shorts into the short trap. One announcement from OPEC, Russia, or some middle east turmoil and your shorts are toast !!!!!
Yes, but how many people buried in those glaciers for thousands of years keep popping up all around the world?
Essentially, that is what is happening to OPEC economies.
Carl loves buy backs, and another billion buy back could be easily done. Even if oil goes to $30 and CHK goes back to $17, that only gives us a short window to purchase under $20.