I wish everyone the best here,but these little "teasers" like today didn't sway my decision.
The long term trend is strong dollar and the day I got in this,my adviser told me this fund is for primarily a weak dollar.
It is what it is !!
I actually had this since 1994,but my EJ records for him only went back to 2004.
Really? "Laughing so hard I just can't stop"
Anyone that laughs so hard on a message board to such mundane posts is surely the village idiot. Are you still laughing so hard you can't stop?
Send us a video please.
We want to see that donkey face laughing.
Agree. Like people are not going to pay their electric bill because China's stock market has crashed and the CCP has devalued the Yuan.
Because they were rejected of breast feeding.
Still seeking attention. Even when they have a hand held device living in a dumpster.
You and your Voodoo math. If 3 people die on a wreck on the highway on Monday..........then there will be 156 die throughout the year at that spot as there will always be 3 dying on Monday.
Variables change constantly. Patches dry up,they move to another. Some may take longer to drill,some shorter.
Face it THE SHALERS ARE KILLIN US and you can't get around it.
In July,there was 60% LESS land rigs operating and only 2% less production. TWO PERCENT !
Wrap your head around that.
Just think what production would be with shalers if they were unleashed on $100 a barrel oil.
But there are people here that say off shore drilling is cheaper than fracking.
What gives with that?
Well,that is the LATEST report.
Ya know...like LAST month. All year people have been saying the shalers are going out of business....going broke.Their production is only 2% off their high.
The Saudis are dancing a dangerous dance here.
Well,why am I even arguing here.....LOOK AT THE PRICE OF OIL.
60% of the fracking rigs that were in operation last year at this time are down,but only a 2% reduction in production.
This last July was almost a record breaker AGAIN for shalers.
The shalers just pick up the bit and move it, many times, just a few hundred yards over and drill again. It is no big deal and there are tens of thousands of known locations to hit pay dirt.
E o M
Down $12 then up $2?
Still hanging in there.Cost basis $128.10 in Feb.