SandRidge Energy, Inc. (fka SDOCQ)

[56Chevy]

Retail speculators can only do so much to effect the price of oil. Up one day... down the next. If we were fishing what you see happening with oil are just nibbles. We don't have a real "fish on" situation yet.

The real difference maker (aside from some unforeseen geopolitical event) is when demand outpaces supply...and that takes time. We can't do much about demand in other lands but here in the US the summer driving season is approaching and it's my opinion because of low fuel prices more people will take a long awaited vacation this summer...and things of that nature have a significant increase on demand. Businesses like hotels, restaurants and resort's should do well this summer.

Rig counts are dramatically coming down in the US ...but current production rates remain high. It will take a while for the effects of no new drilling to lower production output.

...the best thing to do? find a good place to sit back and put your feet up... and buy the dips.

*The cure for low oil prices...is low oil prices.

Marker:
Sandridge Energy Inc (SD)
$2.06 up 0.11 (5.64%)
Volume: 7,330,451

**Price of oil at this very moment is $52.48