Sunday, August 07, 2011 12:43:24 PM
It's a shame all the flippers got to reload at these lower levels again.
When our trading desk lights up the long term buyers will come and hold. It requires revenue. The oil will drive the engineering, and ultimatley provide constant long term cash-flow for future projects.
If we're told this week that the desk sold the July allottment and has already sold its August allottment too, then it's all over. Bye bye day traders. And if we can do that and get approval to sell the Sudanese oil too, then just hang on til we get to the top of the mountain. The flippers will be left to find a new ant hill. Oiljob
There is nothing you can do about the mm's. Their job is to make a market, we can't live with them and we can't live without them, a fact, an undeniable. Like cops, lawyers and politicians.
Revenue is all that really counts, either we achieve success through our various endeavors or we don't. The flippers be damned.
P.S: I love Dolphin's aquatic mammal picture,,, I'm not sure, is that a flipper, i always wondered what one looked like.
P.S.S : If our trading desk staff is unable to move our oil, then its time for some new blood down at the company.
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