it will be very volatile. ITS up a buck from the latest low. This is a great day trading move and many will follow. . The longs will feel pain and pleasure. IN a year we should look very good and it will all be worth it. I am not looking for 60 dollars but a good 10 $$$$$$$$ will make my year. 10 is the average trading range and doable in time. Not a bad return for the punishment.
WTI crude up a buck from the bottom and going up early this morning. This volatility is a day trader dream. Unfortunately us long are surviving the grinder with a little pain It will feel a lot better in a year from now.
looks like the crowd loves the bullet. Oil is up a buck from the latest low. Its about where it fell a couple days ago. All is well with the price of oil and Im being suckered in with losses. I remember Mark Hanes calling the low about the same day the markets turned after the 2000 bubble. I would love to see Buffet make an oil bet with Pickens about know. I made most of my portfolio going long at that time. The pipeline passed but will be Vetoed by Obama. Obama will not build the pipeline for the KOCH brothers and make private industry rich. They can build it them self's as KocH has already started with millions. there are already many in the works so his free one is not necessary. . The public will not give him hand outs. Iowa has one in the works being voted on to the Bakkens.
THE STOCK IS PRICED HERE FOR DESTRUCTION. WTI Light Sweet Crude is UP 1 DOLLARS THIS MORNING FROM THE LOW AND SHOULD PROVIDE AN UP LIFT TO THE OIL SECTOR. Now we have shipping showing good rates and a little light at the end of the tunnel. With this news and viable future the stock will get attention. YES, We could have a few numbers the investors might not like on the this next quarter release. . WILL investors run up the stock on making Aprils payment ( I think so). Will the stock be volatile around earnings time? Day traders have hit this many times up and down. Will they make it ( I think so). Is the offering priced in.... ( destruction is priced in). Its good to get all the news out including the technical strength the last few weeks and the little weakness this last week. I think the up trend continues. This offering over time could provide the relief they need as the ones in the past have to get them through. The shipping and oil sectors are boom to bust. Doubling the shares in time of crisis is hard but watching this go to 10 could be harder.
Sentiment: Strong Buy
For every sell there is a buy GENIOUS . They can sell them when they want and at a good price. They sell enough and a base is formed . They know when the debt will be paid. I am looking for a big press about a big base building bundle about 3 dollars . Press will follow about debt payment made. That would be another technical term ( flag pole) up yours.
its just more PORK and hand outs to KOCH. He has millions invested in its future. IT FREE money to him. I hope Obama veto's it like he should. Make private industry support the ones that are there already. IOWA has a Bakken line being voted on. Why don't they build that one?
They are delusional if they think they can drive it down much further. EVEN id oil goes a little lower the assets and value will hold this up now. YESSS they made good money and only the stupid one will remain here and not cover. ITS not the never ending short. All good thinks come to an end and say goodbye shorts.
she is an institution. First at many things and broke ground for the CNBC new look . KINDA the Barbra Walters of lookers who know business. ERIN went to CNN and was another CNBC loss.
OIL companies here are an opportunity. Maria is number one in my books. I miss her and Mark Hanes. I watched her for years and adored her. I flip over the channel and watch her once in a while. The FOX republican crew the rest of the day make me to mad to watch. They report KOCH puppets .
if I was and idiot I would not acknowledge that it is hedged ta much higher amount ...... 40 % at a market value. They have a book od 18 dollars and assets that you short must address one day. They will survive to make good money again. This is a gem.