News Focus
News Focus
icon url

pete807

04/16/15 5:37 PM

#254 RE: catdaddyrt #253

This Q and next Q supposed to be up in earnings according to the smart analysts, lol. I will likely sell 200 after the spike on earnings release and before the ex date. Then in again middle of summer for the rebound from usual dip. Anyway thats the plan at the moment and could change any day. There is still a spike in shale in spite of rig counts dropping. Tale of the graph in the enclosed article. The glut will eventually bring crude back down as many have predicted. Only world political events or Saudi supply cut will have an effect, imo. So far they point fingers at each other as to who should raise the price and give up share of demand.
USA.... March set records in all the regions, you will note at the bottom. link here: http://finance.yahoo.com/news/march-oil-production-increases-bakken-173122471.html