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Looks like he got the boot back in 05. How'd you find out if you don't mind me asking?
Count
Found this interesting.......
Looking for a floor in oil markets? Check the contango
By Reuters | 12 Dec, 2014, 10.51AM IST
NEW YORK: Oil traders searching frantically for an end to the deepest price rout since the 2008 financial crisis should forget about OPEC policy, US drilling rigs or interest rates. At least for the moment.
Instead, according to some physical traders and analysts, they should be scouring their screens for what is likely to be the best leading indicator of a price floor: a deep contango, a market in which immediate delivery prices are cheaper - much cheaper - than futures in the months ahead.
When the discounts for prompt crude become large enough, traders can make money by buying crude to put into storage, which would finally give the market some support. The contango is not there yet, traders say, but it's close.
For storing crude onshore in Cushing, Oklahoma, the US oil hub, traders are looking for spreads of more than 30 cents per month for at least six months to pay for oil tank leases and financing costs, according to several market sources. The contango currently sits at around 20-30 cents per month.
"You don't need to have lower flat prices in order for that (a storage play) to happen, you just need steeper contango," said Michael Cohen at Barclays.
Picking a bottom in a crude market that has nearly halved since June has become a fraught enterprise, with prices probing new lows on a nearly daily basis in recent weeks. Analysts at Macquarie Bank said on Thursday that there was no longer any "analytically defensive floor" for prices.
Saudi Arabia says it has given up, for now, any effort to defend a floor for prices through cutting production, instead waiting for the market to fix itself. OPEC estimates a supply glut of around 1.83 million barrels per day in the first half of next year.
US shale drillers are likely to be the quickest to respond to lower revenues by throttling back output, but it will be months before production growth begins to slow, analysts say.
On Thursday, January US crude slipped below the $59 a barrel mark for the first time since 2009; Brent traded under $65 a barrel, down from $115 in June.
Enter the contango, a structure that provides the financial incentive to buy oil, if only to store it. Refiners and physical traders can buy discounted oil now, store it for a while and sell it at a higher price down the road.
"For this market to reverse, we'll need to go to the point of most pain," said one trading source who works for a refining company. "We're not there yet."
In late 2008, as the economic crisis sapped global fuel demand, US crude collapsed into a deep contango, falling to more than $8 from $1. At the same time, crude oil prices that had reached a record $145 a barrel found a floor around $35 a barrel. This triggered a more than doubling of stored oil to near 35 million barrels at Cushing.
A similar phenomenon could emerge soon, analysts say. Cushing stocks have risen over the past two months from near-minimum levels to around 25 million barrels, US data show, but remain low by recent standards.
The 2008 contango was so deep it sparked demand for tankers to use as storage facilities for low-cost crude. For such a lucrative ploy, a deeper contango would be needed than what the market is experiencing now.
The contango isn't "anywhere near" the level needed to spur floating storage trades, said Ian Taylor, the top executive at Vitol, one of the world's biggest oil traders, at the Platts Global Energy Outlook Forum on Thursday.
To be sure, other factors are also in play that may presage an end to the oil price rout - or at least a pause.
Technical and psychological factors are likely already playing a role. After US crude fell below the $60 a barrel milestone on Thursday, experts are looking to $58.32 a barrel as another watershed, oil's intra-day low from July 2009.
Some have also pointed out that break-even costs for drillers could be a good indicator, with broad estimates for profitability in major US shale plays ranging from $40 to $70.
However, a host of factors cloud those estimates, from heavy hedging that will safeguard smaller independents' profits through next year to the complexity of widely varied drilling economics in each shale play.
Anthony Starkey, manager of the oil analytics team at Bentek Energy in Denver, reasoned that the market is close to a bottom by the fact that some US producers are reconsidering or scaling back their capital investments next year.
"I think these are signs that we're nearing the bottom," he said. "The cutbacks in capex will lead to production cuts."
http://economictimes.indiatimes.com/markets/commodities/looking-for-a-floor-in-oil-markets-check-the-contango/articleshow/45489620.cms?prtpage=1
Simple, just send a picture of yourself to this guy http://investorshub.advfn.com/boards/profilea.aspx?user=16223 and he'll fix you up !
Count
Quick, cash out!
Count
Have you tried sending a PM to admin?
Count
Edit....nevermind
Normally 15 per day. However I've found that if you bore out the flux capacitor and tweek on the hyperdrive just a bit, you can have unlimited post and level 2 for free!
Count
To the moon Alice, to the moon!!!
Count
I believe if they had left Weeden on the field there might have been a different outcome.
Count
The scary part about it is, we have no way of knowing what's going on. Did they work on something yesterday? Are they working on something today? Will they work on something tomorrow?
Or do they just sit around and think of new ways to bilk share holders out of more money?
Count
The chart says to open your check book, close your mind and buy the chit out of it Madman!
Count
That sounds reasonable!
9) THE BIG QUESTION IS WHY???? WHO IS THIS BIG BUYER??? THOSE QUESTIONS CANNOT YET BE KNOWN!! BUT FROM ALL THIS EVIDENCE IT IS PERFECTLY LOGICAL TO INFER THAT THIS BIG BUYER IS ONE OF THREE LIKELY POSSIBILITIES:
Could very well be that a pump is in the making. That's usually how these begin. Someone quietly buys up hoards of shares, then a small group invades the board with tickets to the promised land. While everyone is throwing the kitchen sink in to buy more shares cause they don't want to miss the boat, he unloads his shares into the buying.
Look for new names to appear with nothing but good things to say about the stock and get ready to unload yourself!
This is just another possibility.
Count
Maybe they've raised it to 6 cause I too have seen others posting up to 6 of the same as well.
Maybe someone will chime in and fill us in.
Count
Anything over 3 last I knew. But!?!?!? lol
Count
I stand corrected.
7,381,630 vol today
That pic is under 100lbstriper. Not sure what you mean by second link as I only provided one.
Are you referring to this? http://investorshub.advfn.com/boards/member_photos.asp
Count
Hold he!!, Buy!
Was it all or nothing?
Count
Surprised that didn't execute!
Count
At what price were you trying to sell?
Count
How do you put a pretend operation into Receivership?
Unless it's a pretend Receivership?
You must have to pay to get the thingie cause I don't have one!
:( Oh well, never paid to get the thingie before and I'm not going to start now.
Count
In fact, owning this stock at this time could make one go calvous!
Count
I'll have to admit, I feel a little Scaramouch on this stock at the moment.
Count
Ok if you two are going to keep bickering about it I'll send each of you one can.
Churak, who I believe is Canadian will get the "hallucinating habanero" flavor.
And Bones, not sure where you are from so you'll have to settle for the "frankfurter follies" flavor!
Settled
Count
Back off Bones, that offer only extended to Churak! I don't have enough canned for everyone. lol
Count
Oh yeah, never a shortage on that! In fact, just started canning some last week.
Send me your address, i'd like to send you a can of some of my finest! lol
Count
Yes that one works although can't get oil price from there. Gas is there though.
Just mainly wanted to make sure it wasn't on my end somehow!
Thanks!
Count
For some reason I can't seem to pull up the commodities from either the "more tools" or "data tools" tab?
Count
Can the "boys" even get a first down without the referee's help?
Count
I would give a madman's left testicle to have that trading week back! What a crazy time that was for sure!
In my mind I was convinced that someone, or someone's close to the co. knew something the rest of us didn't and that $3.27 was just the tip of the iceberg.
lol, live and learn!
Count
I wager Mr Petar Vicicevich is finished with his weekend stint by now.
I heard all the guards gave him high fives and wished him luck on his last weekend stay. They must've felt he was railroaded!
Count
It's simple! Have you indagated (TDCP)thoroughly? lol
Word of the Day
indagate
\ IN-duh-geyt \ , verb;
1.
Archaic . to investigate; research.
Definition of indagate| See synonyms|
Quotes:
The spirit of inquiry… we take upon ourselves with the canine attributes; we talk of indagating , of investigating, of questing.
-- Walter Savage Landor, Imaginary Conversations , 1853
From an analytical point of view it is necessary to indagate the conceptual binomial identity-difference…
-- F. Maroldi, "A Practical Code for Seismic Risk Mitigation for Historical Centers," System-based Vision for Strategic and Creative Design , 2003, edited by Franco Bontempi
Origin:
Indagate entered English in the 1600s from the Latin indagare meaning "to track down."
Actor-director Richard Attenborough dies at 90
http://www.aol.com/article/2014/08/24/actor-director-richard-attenborough-dies-at-90/20951700/?icid=maing-grid7%7Cmain5%7Cdl2%7Csec1_lnk3%26pLid%3D519681
Whoa! Did not know that, thanks!
LMHAO!!! You did notice the date on that post...right?
You've noticed that as well eh? lol
Count