FieldPoint Petroleum Corp. (FPPP)

[sweet crude]

Watch WTI chart (short squeeze)

Goldman Sachs put $20 target on WTI, but i think that is utter nonsence. Oil has short ran back to 50 day trendline (blue line), and now hearing short positions coming back in at this level.

I have strange feeling some good news could be coming..either from China, or production falling off as credit drys up. That in combination of heavy short positions here could trigger oil back to 200 day trendline, or above $50.

FPP is hedge at $55 a barrel, but that pop could trigger sector wide short covering, which could see FPP pop back above 1.40
+ FAST

We shall see...maybe Fed inaction could drop dollar and thus rally oil.

Something just telling me too many people negative and short on oil stocks....it's a crowded trade and when those trades break KABOOM!!!