Just sold/rolled puts and added a bunch of UWTI. Considered adding calls after the report.
Pretty good report IMO. I was hoping for more of a production drop in the lower 48, but the pace is still dropping steadily and happy about that. Having *any* draw with the huge import numbers is a good thing, again IMO.
Still a little wary of the EIA's huge adjustment numbers. I still don't get how they can have 3.486 MILLION barrels unaccounted for in any given week. :-/
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.