oilin07,
I believe we will once again see EOX in the mid $0.70's for random gains $0.20 to $0.40 at best in the months to come. Big money, including retail investors riding the exposed short positions confirmed in energy mutual funds, ETF's energy/crude, and futures energy markets puts options. I just do not see the dust settling for several months and recent analysts now saying couple years. Take advantage to play the dips many more times to come when the so called "bottom" of crude starts going viral again. Side trending action in the mid $40's to low $50's will be the new norm as you look at your charts regularly. My theory keeps evolving as I start to analyze crude. 2 to 3 years ago the consumer was traveling less do to inflated gas prices. And today, the norm is most vehicles built from 2010 by default consumes less gas, and this is not taking into consideration the impact of airline traveling. Conclusion, crude tycoons have realized the consumption of crude is in less demand and a reality. Unfortunately, small and high cap companies will start to cut labor to minimize losses and is not so good for the economy but will be a reality coming years.
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