Been thinking this morning... Hedge fund, billionaire or Chinese could be playing the market to make sure of failures in oil companies (say like Sabine Oil, that drilled a lot of NG wells but look, someone drove NG down when Pickens promised it would be $3/mcf)...
Then they could buy assets in their formed LLC's (all the while making money on the downfall in commodity puts and sell calls and shorts in trouble companies) then clean up again after they backoff and it rises again (NG i.e.) and then sell assets to their owned operating companies.
Chinese recent investment into oil play around Big Spring, Texas is an example of them taking advantage of debt strapped companies.
I still think Saudi's are going to run low on oil mid-term, they'll regret not curbing production now... oops, I forgot Gulf Keystone was planning on going deep for a new potential bigger find... I assumed that meant Saudi's already did.
Remember when Saudi's dropped production then were accused for a couple of years plus of possibly losing production and not curbing for price support? Then time to develop new fields/depths ... they started raising production... I think they're pulling our leg and may soon run into problems (maybe big problems if they've been hiding production supports by more re-drills or horizontals or deeper... It's going to get super high priced oil if that's the case for several months as it'll take a while to get the drilling exploration gang moving again...
Owning shares or partnership units is not an endorsement of management to break the Sabbaths or to do any other unGodliness. I do not share in their sin or guilt and they mislead others on their own accord. I have no major stakes to influence any company.
