not according to the doom and gloom reports from Goldwin. The world will power Electrical plants with small 9 volt batteries and cars run on undiscovered technologies next year. The world power need will magically quit growing with an infrastructure not existent. I am glad Goldman is in la la land to show us what really powers greed and false , biased short positioned press.
Hedged two years out is a long time when rigs are going down right and left. I trust you have never looked at a oil MAX chart. If you have you would be educated to the patterns of oil trading and NEVER before has it been down that long. EVERY cycle shorts brought it down and the industry reacts and shuts down to create a need in less then a year. THEN THERE are fools that take earnings a fair value in a down cycle. NOT the historic value of land , machinery and assets for a true base to borrow against. SCARES and lame doom talk have been over stated. The world could blow up in war faster then three years of down prices in oil.
Goldman, is one of the worst indicators. They put out a bunch of cra??? to make money $#%^&*() They are what is wrong and why the new generation is not investing.
pre oil pricing?????? BSSSSsssst That had expansion and growth taking the profits.... The industry over developed fields and put all kinds of cost in finding and developing in the numbers. Now the methods have completely changed. They drill many wells in a area now and force the oil to the rigs. They don't space rigs out as before as one improvement. The institutions and hedge funds have created the fear and doom. YES there is a glut but these companies have went through many down turns. They will survive and the asset base is complete in many cases. ONLY the PPS will change for a relatively short time. . THE PPS is manipulated and many blame the market for their thievery and tricks.
that is where you are dead wrong. New technologies like chemicals to extract oil have made much progress. The oil and water lines make a huge difference. Consolidation is taking place and the biggest will get bigger. VNR BBEO and all the big boys are buying the small because of the huge asset bases they carry. ITS the shorts that have created this opportunity to buy cheap. NEW PUMPS that turn off and on when needed is a great example of the new technologies. MANY ((((MANY))))))) companies can break even below 70 dollar oil.... MOST are hedged there. They may not be able to complete the capx schedules and report heavy expansion. They have leaned down to only run the most profitable rigs and sites. Shorts and the Arabs have convinced retail oil will stay down for years and defy historical patterns and cycles. ASSETS to PPS have never looked better for the industry. HUGE bargains and gains will eventually be made if oil pops back in the next two years. IT has already surprised most analyst.
I have heard about delusional left over hippies claiming 20 to 40 dollar oil is coming. The only thing that has happened is ISIS takes more oil rigs, oil finds support, shorts lying, companies hedged, daytraders making money up and down pricing. Longs will double over time and know time is on their side. The scares from shorts are at a point of being ridiculous.
Decade lows, financing in place for most independents, short covering, natural demand and growth coming, funds will buy as the must stay in the markets as major equities run out of steam, macro events, inventories getting better slowly, eye popping dividends, most oil hedged, technology ----extracting-chemical systems-delivery savings, water/oil piping, world demand will always increase with growth and industry ,
buy the oil sector...charts -low now 3) . Takeover target- The industry has had 4 down turns in the last 20 years. IT’S a cycle. - 4) it’s a great time to buy-waters fine now as the shark shorts have to cover in time 5) ) a number of technical indicators with coiled RSI 6) FUNDEMENTALS overlooked most have hedges , dividends, assets $$ 7) like Buffet. Record lows and strong assets should bring in basement buyers and mergers. 8) Higher book values and low PPS.... 9) never before we have Great opportunity to own quality-cheap bearish extremes like the 2000 blow out again. 10) Overdone selling with bear raids, poor sentiment and we now have a huge buying opportunity. 11) PAST repeats itself time and time again. Learn the patterns and trade the fact and historic patterns. 12) Historic patterns now fitting chart patterns of retrenchments and gains, same old market cycles 13) ... Hedge funds and investment groups have been buying debt ((cheap assets) and not the companies lately and that will change. Consolidation...14) .. Normal risk/reward evaluation with solid stock gains possible....15) . ISIS, news not going away.... 16) GET the FACT and not analyst hog wash- Many US oil companies break even around 65 dollar oil the middle east must have a lot higher oil prices for social unrest and shipping GOLDMAN and Analyst have lied , manipulated, shorted and now cover and going long… small independent oil companies can break even at 65 dollars. New technologies like water/oil piping, recycling, infrastructures upgrades, chemicals, delivery systems, pumps that shut off/on can lower cost to beat Mid East oil. . OPEC countries need 90 dollar oil for shipping and keeping social unrest balanced. Their countries are not secure any more. They are hurting and in trouble. This alone as the macro events make oil a must buy. Shorts have lied for so long. Technicals and fundamentals say buy the down cycle. Cycles come and go and the world grows economically and population. This is a gift...........drilling companies led the gainers today. These small oil plays assets are a gift to acquiring companies as the assets increase the borrowing base of the acquiring company. They are buying like buffet does. . I can give you 20 reasons to buy upon request.
we have people that this believe in 20 dollar oil to rebound to 90 dollars in 18 months like Pickens. its a cycle that has been played out 4 times in the last 20 years. the smart ones hedged a couple years out. most will make it as the shorts are long in the tooth right here.
I can use some good news. I am glad this held up as the over all market looks like a sewer right now. I would like to see some of the DOW boys to rotate into some of the oil stocks like this stat have been destroyed., This could move.
people are getting a good deal hear at 5.5 right now. Its hedged and the dividend is looking great with the other markets going down. I would think people would rotate some DOW money into oil dividends. Talking risk/reward these oil plays that are hedged look very good.
I have invested in this company three times. ALL THREE I have lost money. I see these press releases time after time to see the stock tank. I love this company, have many hours researching , believe in the technology and software going back 5 years. I am out now right now and have been for the last year. It looks like they are finally putting it together with INTEL
they are buying EROC LRE and ROSE.... BBEP said in their Florida meeting they will buy more to help the balance sheet to buy more. They buy and increase their borrowing base. Capitulation has started. LINE and others will do the same
they are buying EROC LRE and ROSE.... BBEP said in their Florida meeting they will buy more to help the balance sheet to buy more. They buy and increase their borrowing base. Capitulation has started.
Do you think we will ever buy ISIS oil? More and more long term supplies .... Less money for the legitimate governments brings more war and unrest. I think the price of oil will go up also. I am thinking the Middle East will blow up and shipping threatened. No oil from the middle east will bring higher oil over hear and oil goes up. Less refined to sell. I think the shorts are about to see DOW money flow into oil a little at a time then BINGO___________________ oil will be the best play