yea i'm doing the same, waiting.. but i keep asking myself why has this thing hit a new low with this 2nd dip in oil prices. I've looked at short interest and its nothing unusual. It's possible there are some news articles out there
in wall st or barrons that are saying that this price drop is going to be prolonged or some analyst says shale oil
will bring oil prices down forever or china's demand for oil is imploding and will only shrink for another 10 years.
these boom and bust cycles are sure getting on my nerves . So much destruction going on with
each bust. The current bust has been a 1.3 trillion $ disaster.
the buying power of larger stores always trumps mom n pops. the overpricing must be so extreme that smaller
stores can actually turn a profit and still be cheaper than wfm
China is most of the "world oil demand growth" so keep a close eye on how their economy is doing
On the supply side of things, the saudi's are burning through their cash with these low oil prices. they need 105 a barrel to have a postive cash flow and sustain their government spending. They're now resorting to issuing bonds to cut the burn rate on their cash. They've got some hard decisions coming up in the future.
the ruptured pipeline has forced exxon mobil to halt drilling on platforms off the santa barbara coast.
news story is over on faux news website. Says that its kept 70,000 gallons a day from being pumped.
where do you get your midway sunset price from? i get the current price from chevron's website.
i googled "midway sunset chevron" its now showing a price of 57.96. The earnings announcement
from royt says they got an average price of 51.54 on old wells and 53.20 from new wells. Have you noted there being much difference between the royt average price and what's posted out there on the web?
how do you make dividends consistent with the price of oil fluctuating wildly? At 3 cents we're approaching 8% dividend. They weren't successful hedging so they discontinued that. Are there other trusts out
there that are hedging now?