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Re: 56Chevy post# 156

Tuesday, 10/23/2018 2:27:31 PM

Tuesday, October 23, 2018 2:27:31 PM

Post# of 433
Baker Hughes U.S. rig count as of Oct. 19, 2018 was 1,067 which is +4 rigs over one week ago and +154 rigs over what it was one year ago.

The price of WTI crude currently stands at $66.17 @ bbl.

The average price of WTI in 2018 thus far has been $67.22 @ bbl.

By contrast the average price of WTI in 2017 was $50.84 @ bbl. and closed the year at $60.42 @ bbl.

And to go back a little further in 2016 the average price of WTI was $43.58 @ bbl. and closed the year $53.72 @ bbl.

Source:
https://www.macrotrends.net/1369/crude-oil-price-history-chart

These numbers on rigs and the price of WTI are definitely positive but regardless of the positive trend and this most recent correction on Wall St. combined with the seasonal drop in oil prices in general (to use a painful pun) have been crushing Hi-crush Partners LP stock!..... Ouch!

Marker:
Hi-Crush Partners LP (HCLP)
$7.71 down -0.59 (-7.11%)
Volume: 3,606,314





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