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mdimport

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mdimport

Re: mdimport post# 39235

Saturday, 03/07/2015 8:43:12 AM

Saturday, March 07, 2015 8:43:12 AM

Post# of 97130
Baker Hughes rig count bottom should be between 640-700 rigs based on prior downturns (loss of 40-60% from the top).

Total count yesterday stood at 922 rigs with a loss of 64 rigs for the week.

Implies roughly 300 more rigs to be lost ~4-5 more weeks @60 rigs / week.

Note USO price is now tracking and touching the 50DMA.

The paradox of iHub: buy high, sell low

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