Disconnected beaten down mid stream energy stocks have not spiked like they did last time we saw 50...
Logic says margins improve when the cost of crude is higher than crude in storage waiting, however long it may be, to be refined. The opposite was happening when it was on the way down and they had to write down the value of inventory.
Currently analysts expect an average of .11 this time (Q 3) but the next two go negative...
Are they any better than weathermen at prediction?
50 day MA is $9.63, 200 is $9.94... stay nimble my friends!
GLTA!
"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-
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