Oil & Gas - Energy - Commodities - Resources (OILBRENT): That chart along with a companies quarte...

Oil & Gas - Energy - Commodities - Resources (OILBRENT)

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DocLevi

Re: DiscoverGold post# 3117

Tuesday, 11/17/2015 8:31:48 AM

Tuesday, November 17, 2015 8:31:48 AM

That chart along with a companies quarterly pretty much sums it up, a bunch of contracts hedging production when oil spiked to 60'ish ...

From what one expert on CNBC as a guest said not too long ago (paraphrased) that oil glut in certain locations were due to logistics. That as the new production flows so eventually the distribution of the oil delivery will work itself out.
...

The contracts themselves, don't they lead to oversupply? Those companies have to deliver oil for $60 contract, buyers are buying at market $48 (at the time) so where did the oops contract delivery $60 go... to storage to be sold later when prices rise...

lol

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.