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Re: catdaddyrt post# 257

Thursday, 02/01/2018 9:04:39 AM

Thursday, February 01, 2018 9:04:39 AM

Post# of 870
GM cat

You're in a great spot too! I'll follow up on SMLP.
Today is the beginning of big oil earnings reporting and Shell had best profit since 2014. Conoco raising dividends, cap ex and buybacks. Chevron raising D first time in two years. Exxon reports tomorrow and plans to spend billions in the Permian and triple production. Oil production in US back over 10M/ bpd. Goldman says 82.50 6 months Brent before coming back to $75 in 12 months.
Supply demand is the reason at +1.86M bpd this year before supply response catches up next year and 2020.

"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-

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