Was in 50% at 39. Sold 1/2 at 43.93. Should have sold all. Will start buying in again around 39. Volatility can be profitable if timing is good. Expect Earnings report to be very bad Thursday. We could retest 35.80
In 50% at 39. Sold half today. Will buy back on any drop. I expect oil to retest lows or get close. Will enter 100% at that time. I'm hoping this happens before dividend to get best of both worlds.
In 35%. Next buy in when oil hits the mid 20's. RD may still go down significantly from here. No relief in site yet for oversupply and demand.
Bot in 35% today. Will dollar average down from here if oil price moves into the 20's which is possible. Will then hold thru the dividend if no significant uptick! Wishing all my friends on the board a profitable 2016!
So far the RC rally only popped up that one day. Got out at 46.50. Still think it is possible to hit 49 by the first week of Jan but wont take the chance. However, I will look to renter around 43-44. If oil drops to 32 this will come easy It would be nice if this was the floor for oil. Then we can take advantage of the volatility moves. Saudis are running scared now. raising taxes on everything. Unprecedented. I don't think it will take much more before they talk about production cuts. Happy New Year Everybody!
It looks like we are getting the SC rally. I expect it will last thru the first 4 days of Jan, In 50% at 43.50, My original sell target was 46.50. I am now bumping up to 49. I believe it will drop back down to 43-44 by mid Jan. I will look to renter at that point. Merry Christmas and Happy New Year everyone!!
Merry Christmas to all my RDS-A guys and gals. Its been a pleasure discussing RD and market issues all these years!
I will start adding here. Market down from profit taking on Triple Witching tomorrow. I will add some more tomorrow if it goes down. I believe we will see pop up in RD starting next week and lasting thru the first few days of Jan. Target 46.50. Basing on behavior patterns of 4th Qtr Triple Witching analysis. My opinion only! Good luck!
Still out! See no change in oil direction. There is no stability right now, Looking to buy some at 44-45. That could change.
Staying 100% in cash. Agree with Ray, RD will probably be down to 45 by end of next week. The big question on everyone's mind is what is the market impact of a rate hike in the next 3 weeks? Especially as it applies to RD. Rate hike will strengthen the dollar which will lower oil prices into the 30's. My best guess is 37. What are your opinions, please post