They turned out to be one of those 'too good to be true' situations. I got snookered conceptually also. The industry shut them out I think as being too risky and unusual.
Pros always claim to buy once the trend is up. Ha! Which one.
My take- Crude is going sideways roughly in a 40-65 trend, with the 2015 bottom likely not in till late summer barring world events. Real damage seen as BK's to come.
What did the latest protection cost the co, guys?
downdraft seems to be following declining dollar (after it's long rise to multi year high), which will aid rising crude value. Low fuel prices (gasoline) have aided sales at Kroger.
Think it is about to close the up gap (May 4, 69.68 bottom). Also 100DMA 69.57. RSI is getting interesting at 28.37.
May not go much lower.
Those wanting 70 likely to get it.
The US Enercorp S McNight 1317HB well, spud 9/28 and completed-on prod during Dec-- must be a dud as no volumes even mentioned. Wonder if the nonparticipation well mentioned is another Enercorp or the CML operated well. Looks as if they may be too far south and out of the Buda sweet spot. Got carried away with success here. The Enercorp deal was far too tough to begin with.