Americans can go whistle Dixie and Yank Their Doodles.......... OPEC Nations need an immediate windfall to pay for new adornments for Dictators and Generals , and new custom A 380s with water beds and Range Rovers in cargo bay , along with a Bombardier tucked in the side for bar hoping while visiting non dry countries like The U.S.A. . This all cost mucho dinero and Americans can now start coughing up whilst They tool around in Their Redneckz F 150s.
El Bin is out , and new young Shiek wants a minimum of 65 per barrel to " balance " things out in near term , then well above 100 , which will hel fund lavish lifestyle and buy latest arms.
It is like a coiled spring . If oil continues to 65 , We be into 100s early June. The Big Boys can no longer all be on same page with keeping it under 90 . Even GS changed course recently , which is a shot across the bow to all the smaller potatoes .
New regime wants OPEC to get a handle on the crisis and cut production , this will insure a minimum 30 % hike for summer driving and increase revenues to Cartel Members by over 1 Billion per day. - It is coming , folks , so sit tight and enjoy the impending rally to all new highs and a first time 3 for 1 Splitz.
The next quarterly 4 dollar day is near , whereas the next leg up takes XOM to high 90s , and any sustained oil spike takes it to new all time highs , with a 3 for 1 Splitz in the cardz.
If 90 resistance gets smashed , it goes to mid 90s for next holding pattern. I surprised by the 90 mark getting hit this week , given all the failed attempts recently. Options traders are worrisome of oil price heading north.
The div drip will be paying between 95 and 100 , if 90 holds Today.
This sub 90 chitz is getting long intooth. We like a tightly coiled spring awaiting break out. GS touting oil now , so the writing is on the wall , and , writing on future call strikez is due for a sharp rize..... '
Time to get XOM well into the 90s and break the short options traders in the 80s . I want to see this back above all time highs and begin trading between 100 and 120 , , leading to a long overdue Splitz !
Lets put a complete end to buybacks as well .
A little late this time . June Heat Seeker displayed the road map , a ways back , so , given traditional driving season rally , there are other elements involved that will dictate the next ride up and how far. Stay tuned , enjoy the divs , and get ready to rock.........