Marginal producers won't be driven out,. They'll just stop the development where they are after running out of capital. We all know the price of oil will come back up after mid term elections. GLTA.
Sounds like speculation to me. I Don't believe RDS would agree to such an buy out or merger. However, BP's brand may be damaged such that it may elect to sell or merge, according to the article. Just my humble observation.
COLDER THAN NORMAL GREAT LAKES - NEW ENGLAND AND GULF COAST - Weather Underground post
A colder than normal winter, especially during the first half appears likely for the Great Lakes, Upper Midwest and New England region, while below normal Temps are also likely across the entire Gulf coast region. However, while Temps will likely average below normal, it’s very unlikely that this winter will be even remotely close to last years’ frigid winter.
Need more storms in the Pacific during November to add to ensure a cold winter. This year's storms in the Pacific were not as frequent or as intense. Recall the intense storms last year? Still promises to be a little below normal and good for hydrocarbon consumption. GLTA
Following Farmers Almanac. Low pressure in the Pacific will certainly produce enough cold air for the winter. Where does all that warm air feeding into low pressure areas go when it reaches the center? It goes to the upper atmosphere and to the pole's. Here comes Frosty! GL.
You got it Bob. I want to see the hydrocarbon stocks in January deep freeze. Sweet. Satisfied with my base position. Not as good as it could have been, as I got in 25% a little too soon. However the remaining 75% will compensate. Come on Frosty!! GLTA.
I buy the FSNGX Fidelity Select NG fund. Planning to hold for at least 90 days and sell late January or early February before the heating season plays out. However, if we begin exporting NGAS in earnest to Europe, there may be another reason to hold for sustained growth. JMHO.
Hydrocarbons will be in big demand this winter. Heating oil and NGAS should also do very well.
Momentum in oversold territory. Time to buy when everyone is running the other way. o more dry powder. Rest of my 25% went to NGAS. I'm in at $71 and change average territory. Bull run to EOY. Christmas will be good this year!
I don't believe anyone got this one right except those who orchestrated it. Just didn't have a good feeling about it all. Too many clues in the media. But, I'm not convinced this will last months; acting like a coiled spring. We're over sold, Look for a roaring comeback from this sector. JMHO.
Saudi's know how to shut down expensive American production and deal with the competition. I'm in Houston now, and you wouldn't think demand is down looking at how congested the freeway and Interstate traffic is.
A correction has been predicted for months. I still feel good with my positions. Got into Energy Services too soon, but in a good position with NGAS and fair position with RDS. Got 40% bonds so it will all even out. Still expect a comeback year end. This is all about the mid-term elections, and a little about over supply. I bet you don't know who will take the credit for that. JMHO. GLTA.