[Jimmy99er]

Look for $300.00 or above by May 1st

[stocktrademan]

OIH buy 8/16/19 14 put for 0.63

descending triangle breakdown
macd 0 crossdown
filling the gap down




normal chart









log chart









normal chart








log chart

[fitzwell11]

Looking good here, in since $21.79..as we are seeing today, I think it bounces even if oil doesn't.

[Wrinkles]

OIH $22.07....in for a swing....extremely oversold.....my stop is Oil $48.00 break....Oil at $48.30 area now.....

[stocktrademan]

OIH bullish 28.84

[Timothy Smith]

Should be interesting as glut continues to mature.

[rocco2]

Thanks for the update Tim, have been out of the sector for a few weeks now.

[Timothy Smith]

Oil services providers (NYSEARCA:OIH) and drillers are eyed with caution by the J.P. Morgan analyst team, which warns that most of the stocks have put much of their near-term upside behind them.

[rocco2]

The TerraJoule.us oil production forecast, as discussed in both the January and February issues, has maintained that supply was less likely to decline in 2015 and more likely to go flat.

Must read to profit.....



http://gregormacdonald.tumblr.com/post/111177095580/rig-count-crash-points-strongly-to-a-year-of-flat

$$ oih $$

[rocco2]

Note to self, keep this a secret. 36.87 and climbing ...

$$ oih $$$

[rocco2]

36.85 LOL guess this was a good buy, Will keep it to self

$$ oih $$

[rocco2]

Nice move pre market

$ OIH $

[rocco2]

Looking for a position, will consider adding small over the next few months
34 showing resistance

[Stephimac]

OIH is going side ways, just like the market.

[tradersplaybook]

Playbook game plan for OIH on 12/13/2011

Here's our thoughts:

[mrgreyshoes]

Just wanted to check this board out for nostalgic purposes. I have to admit that there can't be 10 people on the planet worse than me at daytrading OIH. Both Long and Short. I think part of my problem was having stops that were too tight and also trying to trade it before/after crude inventories. Finally, I wised up and stopped trading it period. Out of curiosity, has anybody had legitimate success trading this intra-day ?

[TOZ]

ready for some action this week to the upside? Could be a big bounce.

[SherriT]

Is anyone still here?

[oilin07]

I thought you guys might be interested in checking out this oil and gas stock. The symbol is ENDE. The company is days away from announcing a major increase in production. They have just finished drilling their first horizontal well and sources on the ground believe the production increase is very substantial. Management expected between a 500% and 1200% increase in daily production! We are waiting for the news any day now! The company website is www.endevcoinc.com.

take care and happy new year

[QuickTrade]

Thank you for this board. I'll follow and contribute as much as I can. Limited posts. :)

[madrose1]

Crude Oil $59.75 Falls a Third Day on Forecast for Mild U.S. Weather

By Christian Schmollinger and Shigeru Sato

March 12 (Bloomberg) -- Crude oil fell for a third day on the expectation milder U.S. weather will cut winter fuel demand.

Temperatures in the Northeast, the nation's biggest consumer of heating oil, may rise to normal levels in the week ended March 25, the National Weather Service said yesterday. A cold snap since February has sapped inventories of the fuel by 10 percent, driving crude prices above $60 a barrel.

``The Northern Hemisphere's winter heating oil demand season's over,' said Ken Hasegawa, a manager of the international division at commodity futures broker Himawari CX Inc. in Tokyo. ``From now on, we should closely watch gasoline demand in the U.S. as the main factor.'

Crude oil for April delivery fell as much as 78 cents, or 1.3 percent, to $59.27 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $59.64 at 2:38 p.m. in Singapore.

The contract fell $1.59, or 2.6 percent, to $60.05 on March 9, the biggest decline in four weeks. Oil reached a one-week high of $62.30 a barrel the day before.

Hasegawa said he expects oil futures in New York to trade in a $58.00-$62.50 a barrel range this week.

Demand for oil products in the U.S., the world's largest consumer, fell a second time in the week ended March 2, the Energy Department said last week. Total product demand averaged 21.3 million barrels a day, a five-week low, as deliveries of distillates, including heating oil and diesel, fell 4.5 percent.

Heating use in New York City may be 15 percent below average this week, forecaster Meteorlogix LLC said yesterday.

Brent Crude

In London, Brent crude oil for April settlement fell as much as 73 cents, or 1.2 percent, to $60.40 a barrel in electronic trading on the ICE Futures exchange. It was at $60.85 a barrel at 2:41 p.m. Singapore time.

Heating oil for April delivery fell as much as 2.16 cents, or 1.3 percent, to $1.6906 a gallon in after-hours trading and traded at $1.6989 at 2:35 p.m. Singapore time. It fell 2.8 percent to $1.7122 a gallon on March 9, the biggest drop since Feb. 14.

World oil demand usually peaks in the fourth quarter when refiners make heating fuel for the northern hemisphere winter.

``The market has been so dependent on oil demand and heating oil demand particularly,' said Steve Rowles, an analyst with CFC Seymour Ltd. in Hong Kong. ``In this volatile market, any slowdown in global demand is going to have a larger impact.'

Oil futures fell to a 20-month low of $49.90 on Jan. 18 after mild weather in the U.S. Northeast cut demand and helped swell stockpiles. Prices rose in five of the past seven weeks as a cold snap boosted heating demand and gasoline demand rose above year-earlier levels.

Gasoline Demand

U.S. gasoline demand rises during the nation's summer vacations between Memorial Day late May and Labor Day early September.

Implied demand rose 0.8 percent to 9.2 million barrels a day in the week ended March 2, the Energy Department said last week. Gasoline consumption rose 0.8 percent. Deliveries from refineries and terminals averaged 9.1 million barrels a day the past four weeks, 3.3 percent more than a year earlier.

While demand appears strong, the weekly data are volatile and may also have been influenced by the unusual weather patterns in the U.S. the past three months, Gorey said.

Gasoline for April delivery fell as much as 3.05 cents, or 1.6 percent, to $1.8716 a gallon and traded at $1.8770 in after- hours trading at 12:30 p.m. Singapore time. The contract fell 1.2 percent to $1.9021 on March 9, after earlier reaching $1.945, the highest price for a contract closest to expiration since Aug. 23.

[madrose1]

Oil Prices Climb Above $59 Per Barrel, Led by Heating Fuel Price Gains


NEW YORK (AP) -- Oil prices jumped more than $1 per barrel Friday, led by gains for heating fuels, in another volatile trading day for crude. Light, sweet crude for March delivery rose $1.40 to settle at $59.39 a barrel on the New York Mercantile Exchange after dipping as low as $57.59 earlier in the session.
ADVERTISEMENT


Helping to push up prices was a U.S. warning that Nigerian militants may be planning to expand their activities beyond the restive southern petroleum-producing regions.

The Lagos-based consulate said possible targets could include expatriate personnel, Western businesses or facilities and locales visited by tourists and foreigners.

Citigroup Futures Research energy analyst Tim Evans said traders were also taking a second look at natural-gas inventory numbers released Thursday, which helped boost heating fuel prices.

Last week's withdrawal of 259 billion cubic feet from underground storage was short of some analysts' expectations, but it was the biggest since 1997, he said.

Natural gas prices rose 21.1 cents to $7.503 per 1,000 cubic feet, and heating oil prices rose 4.63 cents to $1.6734 a gallon, helping to lead up crude prices.

Brent crude rose $1.35 to $58.95 on London's ICE futures exchange.

Phil Flynn of Alaron Trading Corp. said traders also may have been skeptical about forecasts for warmer weather for the U.S. Northeast, the world's largest heating oil market.

The U.S. National Oceanic and Atmospheric Administration said it expects above-normal temperatures next week to end a spate of freezing weather in the U.S. Northeast, which accounts for 80 percent of the nation's heating oil demand.

Oil price swings have become the norm recently, as 11 of the prior 16 sessions saw daily moves of more than $1, Cameron Hanover's Peter Beutel wrote in a research report. On Thursday, prices dropped more than $1 before settling down just a penny.

Analysts said the upcoming three-day weekend, with the Nymex closed on President's Day, and the March oil contract's expiring on Tuesday may also have pushed up volatility.

In other Nymex trading, gasoline futures rose 4.81 cents to $1.6453 per gallon.

[madrose1]

Oil $60+ surges on winter chill, Iran posturing
By Associated Press | February 9, 2007

NEW YORK -- Oil prices surged $2 a barrel late yesterday, as energy traders rushed back into the market amid frigid temperatures in the United States and political tension overseas.

Earlier in the session, the market had been trading hesitantly, coming off a sharp drop a day earlier and struggling to find direction. Oil prices have been rising over the past two weeks on frigid US weather. They have so far been unable to surpass the $60 mark.

Light, sweet crude for March delivery rose $2 to settle at $59.71 a barrel in late trading on the New York Mercantile Exchange, after peaking at $59.87. It was the highest settlement price since Dec. 29, when crude closed at $61.05.

Factors such as renewed warnings out of Iran, violence in Nigeria, and record cold in the United States kept prices afloat yesterday -- leading traders to believe that $60 a barrel may not be as insurmountable as they thought.

"This is trend-chasing. It's very nervous, short-term, speculative trading. People were guessing that a top was in the market, and now they've been disappointed that prices didn't fall further," said Tim Evans, energy analyst at Citigroup Global Markets.

The daily volatility in trading "shows that the market is still solidly in the $56-$60 range," said Victor Shum, an energy analyst with Purvin & Gurtz in Singapore.

Also yesterday, Iran stepped up its warnings to the United States, which rekindled worries that supplies from the oil producer could be hindered, said James Cordier, president of Liberty Trading Group. Iran's supreme leader, Ayatollah Ali Khamenei, said Tehran will strike US interests around the world if his country is attacked.

[madrose1]

Oil 57.30 pulls back from four week high of $59 on seasonal demand , growing economy and severe cold thru mid Feb

By Christian Schmollinger

Feb. 2 (Bloomberg) -- Crude oil was little changed in New York after falling from a four-week high yesterday on signs late- winter heating demand may have limited impact on U.S. fuel supplies.

Oil plunged late yesterday, having risen almost $5 a barrel in three days on signs cold weather and economic growth may increase demand. Crude inventories are 1.2 percent above last year's level and distillate supplies, including heating oil and diesel fuel, are 2.7 percent greater with gasoline levels 2.5 percent higher.

`` The heating season is sort of slowly being taken out of the picture for investors,' said Dariusz Kowalczyk, chief investment strategist for CFC Seymour Ltd. in Hong Kong. ``The supply situation is ok. I don't see that part of the equation having an impact on prices in the near future.'

Crude oil for March delivery was at $57.36 a barrel, up 6 cents, in after-hours electronic trading on the New York Mercantile Exchange at 12:01 p.m. in Singapore.

The contract fell 84 cents, or 1.4 percent, to $57.30 yesterday, having gained 7.6 percent the two previous sessions on reports showing increased fuel demand and economic growth in the U.S., the world's biggest oil consumer.

Crude oil may rise next week on speculation U.S. fuel consumption will increase because of cold weather and a growing economy.

Twenty-five of 47 analysts, traders and brokers, or 53 percent, said prices will increase, according to a Bloomberg News survey. Fourteen expected a decline and eight forecast little change. Last week, 56 percent of respondents expected futures to rise.

In London, Brent crude oil for March settlement was at $56.85, up 13 cents, in electronic trading on the ICE Futures exchange at 11:58 a.m. Singapore time.

Seasonal Demand

Heating demand in the U.S. Northeast will be 28 percent above normal through Feb. 8, forecaster Weather Derivatives said. Temperatures may remain below normal through Feb. 15, the National Weather Service said yesterday. The region accounts for about 80 percent of the nation's heating oil use.

The cold weather ``will continue to be a factor underpinning the price of crude,' said CFC Seymour's Kowalczyk. ``The one unknown is how long the U.S. will have temperatures below historical averages.'

January was the peak month for U.S. deliveries of distillates, including heating oil and diesel, in three of the past five years, according to Energy Department data.

U.S. distillate stockpiles fell for the first week in seven, leaving inventories at 140 million barrels on Jan. 26, 9.1 percent above the five-year average for the period last week. Oil stockpiles held 324.9 million barrels, 10 percent above average, the department said.

Direction

As prices near the $60 a barrel level, oil should fall as supply is growing faster than demand this year, said Kowalczyk. Crude at $50 finds support because the Organization of Petroleum Exporting Countries will work to keep it higher and developing some new fields becomes uneconomical at that level.

``If we're close to $60, I'd say sell and if we're close to $50 I'd say buy,' said Kowalczyk.

Oil may rise today following a stronger than expected report on the U.S. unemployment figures that will support an outlook for better global economic growth. Oil rose 2.1 percent on Jan. 31 following an announcement that the U.S. economy grew 3.5 percent in the fourth quarter of 2006.

OPEC, which produces 40 percent of global oil, began a 500,000 barrel a day production cut yesterday. The reduction raises the total amount of oil taken out of the market to 1.7 million barrels since Nov. 1.

The group's output was 385,000 barrels a day higher than its targets in December. Venezuela and Nigeria produced a combined 220,000 barrels over the mark.

To contact the reporter on this story: Christian Schmollinger in Singapore at [e-mail]

[madrose1]

.

[renshen1]

Liquid coal: A cheaper, cleaner 21st century fuel?

http://today.reuters.com/news/articlebusiness.aspx?type=ousiv&storyID=2006-12-17T181816Z_01_N153...

[madrose1]

Barron's "Cover Story": ConocoPhillips (COP $73) may be too cheap to ignore on an absolute basis and relative to its peer group. That appears to be an emerging consensus among sector analysts. Conoco, which closed Friday at $72.77, currently trades at less than 8x projected 2007 EPS of $9.40, while ExxonMobil (XOM) trades at about 12x EPS. Further, in addition to solid operational characteristics, COP has been telling Wall Street that it will exercise restraint with acquisitions and put more emphasis on share repurchases, and others also see a 10% dividend increase, moving forward, as well...

[madrose1]

NFX $48: Newfield Exploration shares are cheap around $48-Barron's
Barron's believes Wall Street is not giving Newfield Exploration (NFX) much credit for its diversification efforts away from the Gulf of Mexico and toward onshore wells and other sites "just about everywhere on earth." The company's best prospects are believed to be in the mid-continental U.S., where finds in Oklahoma's gas-rich Woodford Shale should drive Newfield's overall production by 20% to 25% in the coming year.

However, Barron's points out that the stock trades for just 9.7 times estimated 2007 earnings of $5.01 a share, 20% below its long-term average of 12, and below those of its larger peers EOG Resources (EOG) and XTO Energy (XTO). Bill Gerlach, lead manager at Gartmore Natural Resources Fund, says the stock’s relative valuation "is exciting, given the market's perception that it's primarily an offshore-exploration play, when in fact its onshore development -- particularly the Woodford Shale -- will substantially eclipse that over the next couple of years.

[madrose1]

Oil climbs above $US63 on OPEC cut
Posted at 6:10pm on 16 Dec 2006

Oil prices climbed above $US63 a barrel on Friday as dense fog delayed crude shipments to refineries along the US Gulf Coast a day after OPEC agreed to cut output for a second time in two months.

US crude rose 92 US cents to $US63.43 a barrel, the highest settlement in two weeks. London Brent crude was up 60c at $US63.49.

Dozens of ships have been delayed since Thursday by a thick fog blanketing the Houston Ship Channel and other parts of the Gulf Coast, cutting the region's many oil refineries off from fresh crude supplies.

Forecasts predicted the fog would linger on and off for five days and oil companies warned that a prolonged disruption to shipments could force them to reduce fuel output.

The shipping disruptions came a day after the Organization of Petroleum Exporting Countries decided to cut supply by 500,000 barrels per day, or 2%, effective February 1. That follows a cut of 1.2 million bpd agreed from November 1.

On Thursday, US crude rose more than $US1 a barrel after the decision to cut output by OPEC, which is the source of more than a third of the world's oil.

Ample inventories and mild weather across much of the United States, the world's top oil consumer, limited the rally.

Heating demand lower

Heating demand will average much below normal in the US northeast in the next five days, private forecaster DTN Meteorlogix said. The six- to 10-day forecast for the region was for temperatures to be mostly above normal, DTN said.

OPEC has continued to pump about 1m bpd above its current output target in December, Geneva-based consultant Petrologistics said on Friday.

Excluding Iraq, which is not part of OPEC deals to limit supply, OPEC output was expected to average 27.3m bpd in December, steady from November, according to Petrologistics.

Crude oil stocks in the United States, the world's top oil consumer, fell 4.3m barrels last week. They still stood at their highest level since 1998 for this time of year.

US crude oil has hovered around $US60 a barrel for the past three months as OPEC's first cut helped arrest a 25% slide from a record high of $US78.40 a barrel in July.

Also supporting prices on Friday was a fresh attack on the oil industry in Nigeria, the world's eighth-largest exporter. Gunmen invaded an oil field control station operated by Royal Dutch Shell in Nigeria's Bayelsa state and were holding several people hostage, a company spokesman said.