As I posted already Artisan Partners Limited Partnership did the serious research and purchased serious stake in DNR & I also told U, that others always follow.
Today we have two more Investment Organisation reported their holdings in DNR:
The SPRUCEGROVE INVESTMENT MGMT
and the very heavy one .The BLACKROCK Inc
So, there we go, we can not argue w/ facts
As U may see others do the work for U.
"Six members of the Organization of Petroleum Exporting Countries and two non-members would be open to attending an extraordinary meeting, Venezuela "
A Record Number of Investors Are Piling Into Oil
Money managers may not agree where oil prices are headed, but they are increasingly eager to place their bets.
Hedge Funds Cut Bearish Oil Bets Before Rebound From 12-Year Low Bloomberg
Saudi, Venezuela Oil Ministers Hold ‘Successful’ Talks on Market Bloomberg
Emerging Stocks Fall Drop With Oil as Turkish Bonds Retreat Bloomberg
Japan Stocks to Drop on Yen; China Reserves Fall $99.5 Billion Bloomberg
Crude Oil Climbs From 12-Year Low as Investors Search for Bottom Bloomberg
'The Partridge Family': 45 Years Later Answers Sponsored
Total wagers on the price of crude climbed to the highest since the U.S. Commodity Futures Trading Commission began tracking the data in 2006.
What's new today ?
Surprising.. The sudden tension raised in the Middle East !
"RIYADH (Reuters) - Saudi Arabia's King Salman on Sunday called on other countries not to interfere in the kingdom's internal affairs in what appeared to be a rebuke to Riyadh's main foe Iran, which it accuses of attempting to stir unrest."
The new conflict emerges.
SA, Iran, Syria Yemen.
Please pay attention.
"We cooperate with our Arab and Muslim brothers in all areas in defending our lands and ensuring their independence and guarding their government systems as sanctioned by their peoples," he added.
"Salman did not elaborate, but his remarks seemed aimed at Iran, which Riyadh accuses of destabilizing Arab states and spreading sectarianism by backing militias in Syria, Lebanon, Iraq and Yemen and fomenting unrest in Bahrain and Saudi Arabia"
IMO The situation getting more serious than many can estimate. Saudis WARNED other states and their "Friends" that they are ready....
& BTW I'll let U know when we are going to cross 50-day moving average Upwards.
...so U don't have to talk back & forth every morning.. Easy.
Those who still believe in "Short Position" may learn something above $2.5
Few things about 90 days Technicals:
IMO the most important: Money Flow Indicator shows Money Inflow increasing / Steady
Mid Bollinger: turns UP
RSI shows Positive UP momentum
MACD changed direction UP (it was a long period below 0 since beginning of November)
Dollar is not going to appreciate for the rest of 2016
and so on...
Right now we are in so called "Accumulation momentum"
Easy and see ya above $3
Try to accumulate on every down-swing.
More info about this initiative :
The Inside Story
"As oil prices plunge to their lowest levels in a decade, the two major producers could reach a deal.
With oil prices plunging to their lowest levels in a decade, a deal between Russia and Saudi Arabia could take two million barrels a day off the market.
Less than two years ago, a barrel of oil cost more than $100. Since then, it has fallen to around $30.
That is the business story. But it is also a political story.
The last time oil prices dropped so low and stayed there was during the 1980s, when the Soviet Union collapsed.
Some Russians see history repeating itself. There is talk in the Kremlin of a US-led conspiracy and economic warfare by NATO.
Fifty percent of Russia's government revenue comes from oil and gas. For every dollar fall in the oil price, Russia loses around $2bn in revenue.
It is not just Russia that is feeling the pinch.
Saudi Arabia and other Middle Eastern countries have seen their revenues slashed, but with lower production costs have more margin for manoeuvre.
A cut in production would drive up prices, but can Russia and Opec overcome their mutual suspicion and do a deal?
Presenter - Peter Dobbie
Anastasia Nesvetailova - political economist, City University, London
Sean Evers - Gulf Intelligence Oil, Dubai
Mikhail Krutihin - RusEnergy Consulting, Moscow
what is the "Unlimited Short Loss" level $2.50, $3.50 or....?
Once the ASK will be diminished the "Short of the life time" may eliminate them for ever.
Who else, There are always more than a single inst... Can U please post the next one.
.I'm going to be busy for next few days , but I think the Double Bottom is behind Us
The other factor which pulls YHOO down is CNBC Propaganda-content pumped daily into yhoo-portal.
The walking disaster = Meyer .
The next fact reported today:
EU companies are going down while US Sector is STRONGER (BTW Supported by US Banking System)
Artisan Partners Limited Partnership reports 21,550,545 shares / stake in DNR which is 6.1% of an equity security.
Rule 13d-1(b = Qualified Institutional Investors: Eligible institutions acquiring more than 5% of an equity security.