Crude has been going up but oil stocks are barely moving. Hell UWTI was 2.50 when Crude was 34 last time. Now it is back to 34 but UWTI is only 1.80. So what is going on. Is this merely a short covering in crude? because if this was a crude rally I would hope UWTI and oil stocks would have skyrocketed. But they all are sitting pretty much close to bottom.
Because I don't see UWTI going up and I don't see oil stocks going up in any significant way. Only thing is going up is crude which could be due to short covering in crude.
Just hang on to it
Don't sell your shares. CHK is the second biggest producer of nat gas. This stock will see 20 this year.
Until last week these criminals were thumping their chests that oil was going to 20. In one week they changed their tones. Now it is 50. In a few days when oil recedes they will go back to their old tune, and then a new one and then the old one.
legless rally is coming to an end. OPEC countries are not agreeing to even a freeze let alone reduction. Collectively they are going to increase production. Fall in US supplies is no longer a big factor
This is what is keeping oil up:
"Crude prices drew support as the dollar weakened versus the euro. Trading was also volatile toward settlement on buying by funds aiming to keep prices at or near $40 a barrel, market participants said."
Manipulators are keeping it up. Nothing to do with any fundamentals. Carpet will be pulled suddenly because these manipulators will dump all of a sudden
Banks have billions loaned to MLPs. They want out before another array of bankruptcies hit
Waiting for it to load up. Crude has no place to go but to low 20s. Tomorrow rig count addition may start the crash. MLPs will now be adding new rigs
Cool that means manipulation is about to end on the upside and about to begin on the downside. This is how Goldman Sucks work
Who told you that? Once the hedges are gone, this company is going BK or close to it. They have already suspended much of their business. Crude is being manipulated and will go back to around 30 this month.