will probably determone if the momentum will continue or if UPL wil tumble back to earth. A sub 90 number should help the NG stock rally and a plus 100 number would probably stall it. We shall see.
I see you logic but NG has been going down slowly for quite some time. It all depends on your perspective. At the end of the day NG prices, not oil prices, will move this stock. However oil prices are intertwined with NG so there is a connection. How strong remains to be seen because it is very possible for oil to make a comeback and not take NG with it. This has happened before.
I don't have the answer but it's a discussion worth having. Any comments?
I would not agree that the injections have been average. That does not necessarily mean that things won't change shortly or even that the stock has further downside. Watching closely. Next Thursday's report may indicate that the drilling reduction is finally having a production reduction, but it may not. We shall see.
Note if you just like oil I like EPE and AXAS. Oil transport .. STNG and NNA. I know its a UPL board but just throwing out some of my other investments...
Oil is starting to look like a bottom is forming. NG is still out of control but sometimes the best time to buy in is the most risky. It is still not too late to jump in but I am waiting until the storage reports show some NG production decline. I would rather risk missing a boat than sinking on one. Still, it is tempting..
I would still instruct you to cover. If you shorted at $22 then I would cover at least half of my position to lock in gains and take them off the table. UPL is a buyout candidate and is also probably alot closer to its bottom than its top. Still, I agree that unless the NG production juggernaut slows, all in this industry will continue to suffer.
Today UPL is probably just tracing back from some recent price appreciation but 98 is not bad compared to what it could have been based on recent trends. Maybe, just maybe, the juggernaut of production is starting to cool. We shall see.
The market gets a chance to change its opinion about NG when the storage reports come out. At this point there is a good chance that we will have another 100+ storage addition. If so, then UPL continues on down. An addition below 80 could change things, but is unlikely to happen. A 110+ number could bring UPL under $5.50 and SWN and CHK would probably also hit new lows.. We will see. My current guess is between a 95 and a 105 addition. My errors in the past however have been to underestimate the NG production juggernaut.
Please stop these ridiculous posts. You are no better than he when you post like this. It's not that I disagree with your feelings about him, but this board is for posting about UPL, the industry or the market. Anything else wastes everyones time.
Seems to pick the best times to remind the market that there is a great deal of money ready to purchase STNG stock. It should keep the shorts from feasting too much during the current market downturn. It also provides a bargain purchase for the company when shares are purchased. I am glad that there is so much powder still left to buy more stock.
All true. The question now is how much damage is already baked into the stock price and is it oversold.
WPZ is a pipeline company. This has nothing to do with drilling and exploration companies, There is no "floor" being established. A fool and his money are soon parted.