*watchlist chart - oil & gas*

[kmx_swing]

YPF - what about this argentinian nationalized creature? Lottery still?
Chevron interested?

[Penny Machine]

~FOGC~ Chance to own Oil Company at the Bottom!!!!!

[kmx_swing]

MDR - 2 billion contract. New target by citigroup 17 USD

[kmx_swing]

CXPO.OB worth to watch

[kmx_swing]

tell me.....

[CorpInfo]

Great action on LPIH, do you have any other oil stocks on your radar? Do you care if we post some charts this board of other stocks?

[kmx_swing]

LPIH.OB chart added - very interesting chinese company

[kmx_swing]

I bet on oil as the security against weakening dollar. My choice is HERO

[the cork]

HI kmx - Just watch it for a while. I don't know if today is the day, but it will get interesting at some point.

Even though the volume is puny by any other standard, it is heavy in relation to what this has been trading for the last couple of months.

These things have their own unique risks, but balance that against the fact that the companies cannot dilute once they file Chapter 11, the shorts are out by the time they sink to this range, and there really aren't that many people in lower that can hurt you.

The elimination of those variables changes the equation in our favor if you can time it right.

Best regards KMX, good luck today!

[kmx_swing]

I have made some homework and
nothing offensive CORK but please explain HOW DO YOU WANT TO MAKE GOOD HEAP OF MONEY WORTH OF BOTHERING WITH THIS ONE ON THIS VOLUME:
...............Volume of shares........daily volume in USD
28-May-09............145,700 ....0,04......5,828
27-May-09.............21,900.....0,03........657
26-May-09............286,400.....0,03......8,592
22-May-09............132,300.....0.02......2,646
21-May-09 ............66,500.....0.02......1,330
20-May-09 .............6,000.....0.02........120
19-May-09.............58,900.....0.01........589
18-May-09.............27,500.....0.01........275
15-May-09..................0.....0.02..........0
14-May-09.............78,400.....0.02......1,568
13-May-09.............28,300.....0.02........566
12-May-09..............7,100.....0.02........142
11-May-09.............63,000.....0.02......3,260
8-May-09..............22,600.....0.02........452
7-May-09..............23,100.....0.01........231
6-May-09.............159,300.....0.01......1,593
5-May-09...............3,200.....0.02.........64
4-May-09...................0.....0.02..........0
1-May-09 ..............9,100.....0.02........182

I pay 14.90 usd IN and 14.90 usd OUT for every trade.....
so 30 dollars in total for One single purchase in and out.
Therefore I never invest less than 2000 usd...

Besides the fact that is far more than risky, I see no sence to work on it because of volume as well.....

But maybe I am missing something and I will appreciate to get some education here.......

[the cork]

Suit yourself kmx.

Not here to pump anything.

If you are not familiar with the life cycle of a q stock, I can appreciate your skepticism.

Why don't you just watch it for a while and see what happens.

Q stocks are a different kettle of fish.

Learn to play them right, and perhaps you will see it differently. Good luck with all your trades.

GLTA !!

[kmx_swing]

you must be joking, this pink sheet crap has the volume of 140,670 shares with daily range 0.0296 - 0.0490. So if the average is 0,03, it was up 68%... on 4200 dollars - all day trading...Congratulations, I only wonder what will happen with stock price when somebody will decide to cash those 4000 dollars... :)

[the cork]

UP 68% today - .049 .USEYQ is the one I mentioned the other day. GL

GLTA !!

[the cork]

Wanted to say high to the board, and see if anybody follows the Q stock energy plays. We have a new one emerging.

These (Q) are companies that have filed for Chapter 11 reorganization.

Typically these companies sell off assets to pay down discounted court approved debt. If they remain a going concern, they emerge debt free and competitive. If they wipe out the shareholders in that process, we're screwed. Higher risk and higher reward.

USEYQ US Energy systems - Lost most of their US assets in the reorganization. Were left with some proprietary licenses for landfill methane, and UK Energy Systems, a small British subsidiary with North Sea assets, some pipeline infrastructure, and a 65 MW natural gas fired power plant that sells power to a Scottish utility.

Currently trading at .024 it might be worth a look. Thanks all.

GLTA !!

Got some others if you want, not here to pump.

[InvestorQueen]

Check out EENI it's a good stock with low OS

[kmx_swing]

CVX, GSX

[acrazjo]

ATPG is a super stock and will continue to move north for a long time. My best guess for a top this year would be 20 dollars. Very few monster stocks like this in the world. Joe

[kmx_swing]

ATPG is fantastic !

[kmx_swing]

PVA seems to be one of few stocks which is still only chasing its 50 days moving average.....see charts on ibox

[kmx_swing]

Oil stepped above 53 dollars few minutes ago.
It looks oil would become a security for investors against the weakening dollar.
And the demand will start to grow sooner or later as well...

Oil and Gas companies would be the hottest sector now instead of the financial one.

[kmx_swing]

So where shall we go tomorrow? Oil shall stay above 50 dollars because of dollar. But many oil stocks are at the moment on the edge of resistance. Logicaly they should go down now at least 10-15%.
But there is a weak dollar again coming, which should keep interest of investors in stocks which will keep the value despite the dollar is going down. So my bet is oil stocks and commodities will go up again after half a day fight on these levels....Let us see tomorrow.

[kmx_swing]

PVA is heading to 20 usd.... :)

[kmx_swing]

OIL reached 49 dollars, tok, tok, tok.
PVA up 6%

[kmx_swing]

We are over 48... the question is for how long....
go go go :)

[kmx_swing]

It is interesting to see on INDU chart on IBoard how big is the volume of trades in these days comparing to average sales in 2007. Seems to be six times (6x!!!!) higher...

[kmx_swing]

Oil is still lurking in 47 dollars area......That means billions of dollars are lurking and waiting if the time to put money into oil and gas has come or not. :))

[kmx_swing]

Oil can confirm today its upward trend. If it goes above 48 dollars, we can see explosion in Oil and gas stocks, especially if it stays there....

[L8TR]

With a little time I see $70 ppb and yes I thik oil stocks will rock again, may be not far away

[kmx_swing]

OPEC meeting on Sunday plus weakening of dollar would help to get the PPB above 48 dollars. If this will happen, oil stocks can explode.....

[kmx_swing]

Russian news agencies said Thursday that Vice Premier Igor Sechin would attend the OPEC meeting in Vienna and that his country supports the idea of trimming production.

[kmx_swing]

I expect next week we can see the trading activity in OIL sector

[kmx_swing]

PVA is amazing today.....

[L8TR]

GCOG chart looks primed
http://stockcharts.com/h-sc/ui?s=GCOG&p=D&yr=0&mn=6&dy=0&id=p17620461634

[kmx_swing]

Institutions added

[kmx_swing]

The slaughtery!

[kmx_swing]

Anadarko Scores Again in Deepwater GOM with Shenandoah
Anadarko Petroleum Corporation Wednesday, February 04, 2009


Anadarko Petroleum Corporation announced its second deepwater Gulf of Mexico discovery this week. The Shenandoah discovery well, located in Walker Ridge Block 52, encountered net oil pay approaching 300 feet in the Wilcox formation.

"This has been a remarkable week, with back-to-back deepwater discoveries in the Gulf of Mexico," said Bob Daniels, Anadarko Sr. Vice President, Worldwide Exploration. "Initial data indicates the Shenandoah discovery has

Related Pictures

Noble Paul Romano
(Click to Enlarge)

reservoir properties that appear to be of much higher quality than industry has seen previously in the emerging Lower-Tertiary play. The success of this well and our recent Heidelberg discovery further confirms the value of Anadarko's extensive acreage position and our capability in exploring proven and emerging deepwater basins worldwide."

Shenandoah is located in approximately 5,750 feet of water and was drilled by the Noble Paul Romano semisub to a total depth of about 30,000 feet. Anadarko and the co-owners of the discovery are evaluating the well results and the next steps toward future appraisal activity. Anadarko operates Shenandoah with a 30% working interest. Co-owners of the discovery include ConocoPhillips (40%), Cobalt International Energy L.P. (20%) and Marathon (10%).

Also in the deepwater Gulf of Mexico, Anadarko expects to spud the Vito Middle-Miocene prospect in Mississippi Canyon Block 984 and the Samurai Middle- and Lower-Miocene exploration well in Green Canyon Block 432 during the first quarter. Anadarko operates these wells with a 20% working interest and a 33.33% working interest, respectively.

[kmx_swing]

ATPG

Fund Transactions for ATP Oil & Gas Corporation (ATPG)
Date Updated: 2/1/2009 12:00:00 AM (Updates performed biweekly and monthly)
46,000 BUY PSCYX Pacific Cap Small Cap Y
Pacific Capital
16,100 BUY DLBMX MassMutual Prem SmCoOppA
MassMutual
-1,710 SELL ACRIX Allegiant Sm Cap Core I
Allegiant
1,141,093 BUY OWRRX Old Westbury Real Return
Old Westbury
104 BUY DSC streetTRACKS DJ Small Cap
State Street Global Advisors
163 BUY DSG streetTRACK DJ Small Gr
State Street Global Advisors

Industry: Energy
Popularity: #438
Stock Rating: 9.99
Stock Rating (0 to 10) is based on the percentage of BUY transactions among all transactions for this stock. The higher the rating, the higher the BUY percentage of the stock among the mutual funds

Total Shares of (ATPG) Bought and Sold: 1,205,170

- 5 fund managers bought a total of 1,203,460 shares.

- 1 fund managers sold a total of 1,710 shares

[kmx_swing]

OPEC warns of further oil cuts: sec gen

Thu Jan 29, 5:23 am
OPEC members need an oil price above 50 dollars a barrel to make exports worthwhile, the head of the cartel said Thursday, adding that more production cuts were possible later this year.

"We are not happy with 40 even 50 dollars a barrel," OPEC Secretary General Abdallah Salem El-Badri told a panel discussing energy security at the World Economic Forum in Davos.

Even 50 dollars did not guarantee a "decent income for our countries," he said, adding: "I hope that the price will pick up... a 50-dollar price will not permit us to invest."

Asked about further cuts by the cartel, he said: "If we still have some downward problems (of prices), OPEC will not hesitate to take some quantity out of the market.

"We cannot tell at this time before our next meeting on March 15."

New York's main futures contract, light sweet crude for March delivery, traded at 41.63 dollars a barrel on Thursday, while Brent North Sea crude for March fell 68 cents to 44.22 dollars.

Since September, OPEC has announced cuts of 4.2 million barrels per day (bpd) with a reduction of 2.2 million bpd on December 17 in Algeria.

There had been doubts about the discipline of OPEC members and their willingness to reduce output by the agreed amount, but Bardi said all of the oil would be taken off the market.

"For the information I am seeing at this time, it would be about 100 percent," he said of the cuts. "I think we will take out 4.2 million barrels per day."

Tony Hayward, the chief executive of British oil group BP, told the panel that OPEC countries needed a price of about 60-80 dollars per barrel to balance their budgets and invest in social programmes.

"A price somewhere between 60-80 would be appropriate," he said.

He also explained that a high price was needed to encourage investment in new oil fields that will be required to meet future demand, particularly from energy-hungry India and China.

Badri concurred, saying that the lessons from past oil price crashes had to be learned.

"We... don't want what happened in the 1980s where we did not invest and laid off very qualified people and when the demand picked up we were paying the price of shortages" of materials and people, he said.

"If we don't invest now we will have the problem" of a supply crunch in the future when demand picks up, he said.

[kmx_swing]

Peak Oil Production in Russia Suggests Worldwide Supplies on the Brink
By Reggie Abaca, Published: January 26th, 2009 1:25 AM EST




Russian oil production decreased for the first time in 10 years according to Vedomosti, a Russian newspaper. The decrease was only 0.7%, while exports were reduced more dramatically year over year, down 6.2%.

The fall in Russian production may be a major turning point in worldwide crude oil production. While OPEC nations such as top producer Saudi Arabia get the attention of most speculators, it is important to note that Russia is the second largest crude oil producer and exporter in the world. In fact, by itself, Russia almost matches the total exports of the third, fourth and fifth top exporting nations combined (Norway, Iran and the United Arab Emirates).

If Russian oil production has indeed peaked, it leaves the world with only three major exporters that are still supposedly able to continue to increase production: Saudi Arabia, Kuwait and Iraq. Given the massive oil consumption needs of the United States, that leaves America in a particularly vulnerable position at a time when the United States is facing a financial crisis.

Most foreign policy experts would agree that the United States faces little threat from the Saudi Arabian government, given a massive military presence there and throughout the Arab world today. However, the Iranian issue is becoming particularly complex with today's economic shift. If Israel were to attack Iran, the Iranians could attempt to disrupt oil exports flowing through the Persian Gulf. If that were to happen, it would likely create an all out war, with the oil markets reacting in an unprecedented way.

A study of supply and demand of crude oil in the last 30 years reveals an increasingly demand heavy situation, according to the U.S. Energy Information Administration. Production is up 23% in those years while consumption is up almost 40%, with the United States consuming more than the next top five consuming nations combined (China, Japan, Russia, Germany, and India).

Knowledge of this threat is probably why the Iranians have been so loud and uncooperative on the world stage when it comes to their nuclear 'rights' issue. An attack from the United States and the possibility of a prolonged battle in the mountains of Iran would create a potential situation where oil disruptions just from Iran itself would create soaring crude oil prices at a time when the United States cannot afford it. It is no wonder then that reports have surfaced that the United States is actually trying to stop Israel from attacking Iranian nuclear installations, while the Iranian president continues to taunt the Israeli government.

That gives some remaining oil speculators reason to continue betting on oil. Israel may still act alone and without the green light of the United States. Today, what was once a likely case has increasingly become a nightmare scenario for government officials looking to restore a broken economy - a broken economy that is now suddenly depending on cheaper oil.

If oil production has really peaked for the second largest exporter in the world, it's time to pay close attention to production capabilities in Saudi Arabia, Iraq and Kuwait. Tensions in the Middle East may just be a trigger to a greater looming problem. Oil production will decrease at some point and will impact the price of the commodity. The question is when.

[kmx_swing]

Oil Price Over $100, in a Blink
Posted on Jan. 20, 2009

By Michael J. Economides
http://www.energytribune.com/articles.cfm?aid=1238
The Cassandras are out in force these days. Some are true believers. Others are masochistic oil men. They claim that the recent price of oil -- at almost $150 -- was a “spike” fomented by speculators. And now that the oil price is down, it will never go over $100 again, it may even go down to $10 or it will stay at $30, forever.

Some of these analysts have written for this publication. How US-based speculators, as blamed by a recent TV show, can cause the wild ride towards $150 oil, is mystifying. This was supposed to happen while world oil consumption was more than four times that of the US. Big, bad oil is no longer blamed for the price hike?

The analysts are right on one thing. There was never really a rational reason for $150 oil. Headlines ruled and speculators did ride them. But oil at $40 is also irrational, fed by headlines about the economic crisis.

There are three main reasons why oil cannot stay at $40 or even $70.

First, is the physics of flow in porous rock reservoirs. (I have often wondered how many of the analysts think that oil is found in underground rivers and lakes of oil.) Most economists simply do not understand that oil is a depleting resource and that one does not need to do anything for supply to go below demand. Decline rates for world oil production are now at 6.7 percent and will grow to 8.6 percent by 2030. If only 15 percent of wells that should be drilled are not drilled, then supply will be reduced by 1 percent, even assuming a flat demand. Just one percent of over- or under- supply can move the price of oil by 50 percent.

Second, is the equilibrium or, more appropriate, the break-even price of oil. This is the required price for new wells to be drilled and for oil companies to invest, especially in new areas. The break-even price is something we can determine using the “activation index.” That index is the amount of money required to bring to market a stabilized production rate of one barrel per day. Using that index, along with life-cycle economics based on the well’s expected longevity, observed annual decline rates and after-tax cash flows, the break-even price of oil can be calculated. For example, the activation index for West Texas is about $15,000 per barrel per day. It takes $300,000 for drilling and completion costs to deliver 20 barrels per day. Surprisingly, on some offshore projects with 1,000-barrel-per-day wells, the activation index is about the same, even though the wells may cost $15 million.

I have calculated the break-even price for many petroleum producing areas of the world and by weighing their contribution to the total production, we can calculate the world equilibrium price. A critical variable is the discount rate or the time value of money. This ranges from about 10 percent in stabilized parts of the world such as West Texas to, perhaps 50 percent in Nigeria. For places like Russia and Venezuela, the risk is such that discount rates for most serious oil companies would be 100 percent or more. For Iraq it is still in the stratosphere. Today, I calculate the world break-even price at about $70. This is, of course, the average, meaning that in some places it is $30 and somewhere else may be over $90. The bottom line is this: Oil below $70 simply cannot generate new production in great swaths of oil places and some of them are huge, like Russia and Venezuela.






The final point is my favorite geo-political aphorism: With oil at $100, Hugo Chávez and Vladimir Putin are 1,000-pound gorillas; at $40 oil, they are reduced to monkeys. They need the oil revenue to prop themselves up and, especially, to project their countries’ geopolitical clout and relevance. They are certainly not consensus-seeking democrats nor are they patrons of free markets. They will do anything, including unilateral production stoppage or other theatrics to bring oil back to the price they want.

Oil is going back to $100, and very soon.

[kmx_swing]

OIL 45.50

[kmx_swing]

yes, i see there is 20% of float shorted!!!!

[acrazjo]

ATPG is being shorted hard to the downside. I love it when this gets pummeled and the shorts have to cover on the next run up. Nice run to the mid 7's a few weeks ago. I love buying and selling this type of stock. I am buying more at these prices. Might see the 52 week low but this will not stay down for long. Just a waiting game now. Shorts will burn on oil. Joe

[kmx_swing]

Cheap oil: a poisoned gift
by James Leigh
Oil price in July 2008 reached a staggering $147 a barrel, having doubled in price over the previous 12 months. Who would have thought, that within half a year, a dramatic oil-price freefall would bring oil to a 5-year low of $35 a barrel – a price drop of 76%.

However, even though many have sighed in relief, experts are heralding new dramatic spikes in oil price. Oil prices might proceed erratically with huge ranges in peaks and troughs, but there is across-the-board consensus that the long-term price trend is up, way up.

In mid 2008 when oil reached $147, there was worldwide great interest in Peak Oil. Industrial society begins to grind to a halt with oil at that price. Agriculture, production industry, transport and even services begin to founder as society and its peoples begin to unwind economically unable to meet the bill for massive price increases in everything dependent on energy, and that is about everything when we begin to think about it. Actually world economic development has significantly faltered, the worst in decades, as nations and whole continents go into recession – even depression.

On the positive side, many see the collapse in oil prices to $35 a barrel – a 76% decrease – as a welcome providential gift.

However, both peak price and its subsequent trough are not good for the world at all. The world economy had a hard landing and the price of oil went into freefall and we rejoice for the arrival of the elixir for the ailing economy.

But, we need to consider, and at length.

Expensive oil probably facilitated an early economic decline of world economies, and cheap oil it appears is just what we need, but in fact not so. Cheap oil does not bode well at all in the immediate future.

The inclusive world average cost for crude oil production is probably around $60 a barrel. Any prices significantly below this mean that industry is not running at a viable level, with attractive profits. At $35 per barrel many oil exporting nations are now running into deficits. Oil exploration, development and maintenance projects are either completely scrapped or put on hold. In addition, society is quickly forgetting about the oil crisis and goes back to high consumption, in a life style that is excessively energy hungry.

Low oil prices also present a major stumbling block for the development of new generation energy systems and technologies which are typically more expensive than conventional crude oil has traditionally been. Hence, a stalling of many alternative energy projects.

World conventional oil production has almost definitely reached a peak plateau in 2005 and it set with pent-up forces to move into terminal decline – there just isn’t the oil available.

Most countries round the world are beyond peak oil, and oil reserves in the ground are probably far below the stated levels. Also many oil exporting countries will need much more oil in the immediate future to fuel their own economic development and growing domestic needs, hence they will export much less oil, due to both declining supplies and growing home demand.

Also, future oil prices will be far higher as much of the oil reserves left in the ground are unconventional oil:

Difficult to get out due to geology or its depth
Poor quality
Scattered in small fields
In hostile polar or marine environments
So much of the remaining reserves are problematic for these several reasons, and the bare cost of supply will probably soon be way beyond $100 a barrel.

We must not expect that cheap oil will be with us for much longer. And, a final even bigger problem, when the world economies do pick up again in renewed economic development, we will have even less oil than we thought we would originally have, because we stopped exploration and development, due to the unattractiveness of low oil prices.

So where to?

We can expect renewed shortages of oil and price hikes way beyond $150 a barrel very soon, and this will have economic, political and geopolitical implications beyond what many expect. This could forewarn of a new world (dis)order, with the “rise of the rest”, as we see the world move into post-globalization, post-AngloSaxon fragmentation – what the late Samuel Huntington and others have called “civilization clash”, when international rivalries are exacerbated by power blocs, jockeying for advantage, to ensure the secure supply of oil at the best possible price.

~~~~~~~~~~~~~~~ Editorial Notes ~~~~~~~~~~~~~~~~~~~
Dr. James Leigh is Asst. Professor Cultural Geography at the School of Business at the University of Nicosia. His website is http://www.freewebs.com/jas4/.

[kmx_swing]

ATPG - shorts are nervous....oil is up. Shall we see 15% up today?

[kmx_swing]

OIL 43.20....FROM 32 IN TWO DAYS, LOOKS LIKE OIL RALLY! :)

[kmx_swing]

OIL IS UP 30% since Monday
http://www.livecharts.co.uk/MarketCharts/crude.php/

[kmx_swing]

SAUDI ARABIA AND THE NEED FOR $75 OIL
By John Sfakianakis

Published: January 20 2009 15:59 | Last updated: January 20 2009 15:59

Not long ago, when oil prices were at historically high levels, there were calls from within the Organisation of the Petroleum Exporting Countries for production cuts to keep them there. These efforts failed, and Saudi Arabia was responsible for unilaterally increasing supplies to try to calm the market. In fact, the Kingdom saw that while extremely high oil prices may be good for the short-term budgetary needs of oil producing states, they are not good for the global economy. Oil prices have fallen dramatically and oil consumer nations should recognise Saudi Arabia’s long-standing defence of “fair” oil prices and stable production, and realise that just as unrealistically high oil prices are unadvisable, so too are unrealistically low prices. The Kingdom has called for a “fair” price of $75 and, considering the global economic climate, that is an appropriate number.

Crucially, the next few months will be among the first in Saudi Arabia’s history where more than 35 per cent of its oil production capacity is likely to remain idle – far above the historical norm of 15-20 per cent. That comes at an enormous cost, estimated to be more than $15m per day. No other country has the discipline to maintain that much idle capacity. By the end of next year, Saudi Arabia’s oil capacity will reach 12m barrels per day, the result of an estimated $60bn in expansion investments. While this spare capacity will be painful for the Saudi government to carry, it highlights the ever-growing power that the Kingdom maintains over energy security and global prices. With millions of barrels in spare capacity, Saudi Arabia will continue its traditional role of stabilising prices and it will continue to be an essential buffer against any unforeseen supply disruptions.

However, the drive for oil supply security cannot include only the security of reasonable prices but the security of demand. Energy security cannot be achieved when prices are either too low or too high. After the precipitous drop of the past few months, the pendulum has swung to the other extreme, and that carries significant dangers. First, at these low prices “difficult” oil becomes economically unviable to extract. This will have a negative impact on producers with high extraction costs (such as Angola and Brazil), potential new sources (such as the tar sands in Canada), as well as undermine long-term research into alternative fuels and policies promoting energy efficiency. Second, lower oil prices do not generate predictable revenue flows, undercutting the ability of oil producers to make necessary investments in sustainable development and diversification.

There is a subtle expectation that Middle East sovereign wealth funds should do their best to purchase assets in the US and Europe. It seems that most regional sovereign funds will have to re-prioritise and look for investing within their respective local economies.

Close to two-thirds of Saudi Arabia’s more than $550bn in central banks’ total foreign assets are invested in the US and more than $12bn of goods were imported from the US and another $33bn from Europe in 2007. This “petrodollar recycling” has been longstanding policy for Saudi Arabia, as well as the rest of the Gulf oil producers. For every $72 a barrel of oil Saudi Arabia exported in 2007, close to $40 was recycled abroad. Saudi Arabia’s oil wealth is also felt intra-regionally in the form of remittances and investments within the Arab world. Both these investments and those abroad are falling commensurately with the price of oil; thus, Saudi Arabia’s financial well-being has a wider wealth effect. Over the course of the latest oil boom Saudi Arabian private intra-regional investments are estimated to have amounted to more than $40bn.

Due to effective investment of recent oil profits, Saudi Arabia is better equipped today than a few years ago to weather the global economic crisis. Saudi Arabia will continue to spend in key strategic sectors of the economy: education, employment, infrastructure and healthcare. But resources are finite. Foreign assets would be deployed, if necessary, along with raising debt from the domestic market. It can also decide to spend less until prices reach a more sustainable “fair price “ level.

Saudi Arabia cannot be blamed in the years to come if oil markets are under-supplied with non-Opec oil. Saudi Arabia’s growth is a security concern for all. There should be a realisation that a “fair price” for oil is essential for oil producers and recipients of recycled petrodollars alike. One of the most important things that oil-consuming nations can do is to realise this fact, and note that as the world’s “central banker of oil,” the Kingdom has played, and will continue to play, an instrumental role in ensuring global prosperity. With oil at $75 a barrel, the Kingdom would be positioned to continue this role for at least another generation.


The writer is chief economist, Saudi British Bank (SABB)

[frenchee]

Thanks

[kmx_swing]

if you see the charts, the real stocks behave all the same. Depends on oil. The only difference is in long term debt. Higher debt, more volatility...So if we talk about possible return, ATPG seems to be interesting.......