Tuesday, September 16, 2008 6:05:20 PM
i'll take picks and shovels in energy over smoke and mirrors in financials, that's for sure. :) many pundits have noted that recent weakness in the crude oil trade has been, in large part, due to liquidation of LEH's positions and the domino effect from that unwinding.
meanwhile conflict rages in nigeria, platforms and pipelines in the gulf could be damaged for months to come, and while global demand will ebb and flow, the bottleneck for exploration is real and getting worse all the time. oil services can't miss a beat while they continue to take new projects online.
odd as it may seem, $WTIC is actually down on the year now, and when bubbles pop they often over-correct to the downside. time will tell if this is the bottom yet, but today the oil patch was starting to show a bit of green. here's a random sampling of just a few names:
http://stockcharts.com/charts/candleglance.php?DPDW,SLB,BHP,ACGY,PBR,CAM,APC,RIG,DVR,VE|D
meanwhile conflict rages in nigeria, platforms and pipelines in the gulf could be damaged for months to come, and while global demand will ebb and flow, the bottleneck for exploration is real and getting worse all the time. oil services can't miss a beat while they continue to take new projects online.
odd as it may seem, $WTIC is actually down on the year now, and when bubbles pop they often over-correct to the downside. time will tell if this is the bottom yet, but today the oil patch was starting to show a bit of green. here's a random sampling of just a few names:
http://stockcharts.com/charts/candleglance.php?DPDW,SLB,BHP,ACGY,PBR,CAM,APC,RIG,DVR,VE|D
Recent KLNG News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 04/14/2026 08:07:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/01/2026 06:27:31 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/31/2026 01:37:45 PM
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- Form SCHEDULE 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 01/09/2026 07:31:57 PM
- KOIL Energy Awarded Significant Fabrication Contract • GlobeNewswire Inc. • 01/06/2026 01:50:00 PM
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- UPDATE – KOIL Energy Solutions Schedules Q3 2025 Earnings Release and Conference Call • GlobeNewswire Inc. • 11/11/2025 10:38:07 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/15/2025 09:13:07 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/12/2025 02:02:38 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2025 12:30:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/04/2025 04:37:06 PM

