I still haven't bought in myself yet. but I have been watching. interesting spread action on level 2 quotes. I generally am in sco or uco. but looking for a rat hole to stuff profits.
Yes if you read my post below you will see I predicted a $9 bottom now if Oil can hold above $30 this will be the test day today and then we go back up.
Yes But be careful After Monday the price of oil may level off if so use SCO to ride down I don't think enough production has been cut yet to stop the build. and shorts are waiting they know when to jump back in. expect Thursday to be a Huge down day. Just FYI.
Also watch there earnings for income drop. the div. announcement will be a clue as to how much they made. If they were like Shell, Exon, or Conoco those company's put there div. first to keep investors from selling like this. as here the div. could disappear any quarter.
This is a pipeline/ storage Co. they are involved in Terminals as well. with production dropping less oil to put in the pipes and store or to take off the trucks = less business = less income. people are a bit early to exit. but yes The DIv. is also expected to drop. Also until shale fields stop closing up in which Rose Rock caters to expect this to keep dropping. Good Luck.
read the prospectus they have rolled out of Feb contracts it is now on March oil.
From the technical view and charts looks like this should find a bottom between $10 and $9. later in Jan. should be about the same time Oil bottoms at $32. should yield a good bounce back to the $30 area later in the year. short term $20 area bounce. Good Luck I will be a buyer in the $9 area.
LOL now there's the joke post of the Day. Get ready for the run up as all the shorts start closing for rollover..