sorry, i needed to bring this up again ……..If we close above $44.00 today (wit crude ) we will see new highs…. if we don't then i would suggest taking profits
its exhausted,,,,over bought ….. should be continueing down now regardless of the price of oil
I agree i think many did this and thats why the spike to 12.40 i did post that we had to go hihjer to go lower prior to today
they are also pulling out of Iraq for lack of payment on contracts I have read estimates as high as 85%
I lke the roller coaster to go in and out ,…..the only way this stays down is if oil goes up so i wouldn't pray for higher oil prices as soon as oil recovers …...the bears will exit
Trading Idea - Whiting Petroleum (NYSE: WLL) has surged by 202% since February 25, 2016 on higher oil prices and slashing of investments for 2016, but the stock is due for correction as the Doha deal failed and oil is likely to decline. A 20% to 25% correction from current levels is entirely likely from current levels of $10.7.
good luck…. I don't like to see anyone lose money…. but perhaps look at the PPS of WLL ,when crude was at 37.00-$38 per barrel before you buy
DOHA, Qatar - A meeting of oil-rich countries in Qatar that had been expected to boost crude prices by freezing production fell apart Sunday as Iran stayed home and vowed to increase its output despite threats by Saudi Arabia.
Oil prices, which hit a 12-year low in January by dipping under $30 a barrel, had risen above $40 in recent days, buoyed by the bullish talks surrounding the Doha summit.
But instead of a quick approval of a production freeze, the meeting of 18 oil-producing nations saw hours of debate and resembled the dysfunction of an unsuccessful meeting of the Organization of the Petroleum Exporting Countries in December that sent oil prices tumbling.
I was shocked at the buying when crude oil dropped from $42. to $40.30 per brl……this had to be short buying ...I tend to agree with you Im out for now I took the gift when it went from a low of $10.26 to $11…(all other comparable stocks did not recover to a positive during the trading day ) I could see no reason why this stock should multiply x 4 (almost) since its low of $3 …..I know seeing $11.19 which is the highest this stock has been all year , makes people giddy and they think there must be something there but think logically …..where is the beef !!!!!!!…take the profit how much higher can it go ??? with this amount of debt ratio
we went from $35.00 to $42and back down to 40.35 per barrel since the begining of April I think we will see profit taking no matter what the decision and even a drastic sell off if there is NO AGREEMENT ON A FREEZE …..a freeze when all producers are at the maximum output doesn't say much Iran can't pay its oil partners with output at these levels and they will continue to try and sell as much as they can before the oil companies begin to pull out they are only hanging on now in the hopes of oil prices turn around so we need a real drop in production due to the unaffordable continued production at these levels in order to see real gains in the price of crude.
now i know why how did they know this in advance ?
and SGY was $19 per share and it is trading at .092 cents I could give you 20 more examples don't kid yourself there are a lot of comparisons like this stock ops have nothing to do with the past it is all about the future
Sorry im not sure why there would be big blocks of short covering while the price of wti has gone from 42. Per barrel to 41.27 ….unless im missing somthing ?