Official Short-term Investments Thread

[GQBalla]

Might be a good time to buy a couple hundred bucks though

[quick_scar]

Turns into a super long hold and hope that they can do something in a couple years.

[icky2unk]

Go markets go !

[broken_legs]

dunno if anyone is following oil companies in Iraq, but a Canadian company just re-opened the choke on a monster well there



The new flow rate of 11,500 bbl/d was reached after two days of flowing and stabilizing the well at progressively bigger choke sizes prior to the final flow. The final flow rate was achieved on a one inch choke with a wellhead pressure of 2,155 pounds per square inch. :eek:


http://www.westernzagros.com/

- Challenges now will be producing and selling the oil
- Sarqala is only 50kms away from the ISIS front
- Financing and operating the block / dillution etc

[GT.....O?]

Kinda risky, i knew i should have bought some BBI when its was at .27... :banghead:

I think BBI will do well over the next little while...

[slick2404]

You guys think we've seen WTI at it's lowest?

[icky2unk]

I think it'll move around a bit and test the 80 support but I'd say longer term we are at a low

[EK69]

What do you guys think about COS?

[phreezee]

They have their fair share of operational issues in the past that have lead to under performance, but a lower entry price and dividends made me pick some up a few weeks ago.

[themack89]

so a cheap price made you pick up a poorly performing company? lol

[icky2unk]

Goldman :(

Yet I see they are buying all the oil co's huge today... fckers lol

[themack89]

Keeep dropping! Lets see sub 75!! :drool:

[killramos]

Originally posted by themack89
Keeep dropping! Lets see sub 75!! :drool:

Do you own Tesla or something?

[themack89]

No, I'm sitting on cash and I want to scoop some stuff lol.

[killramos]

Originally posted by themack89
No, I'm sitting on cash and I want to scoop some stuff lol.

The Proud the Few

[icky2unk]

Originally posted by themack89
No, I'm sitting on cash and I want to scoop some stuff lol.

Only have a bit of cash left.

Holding out a bit and going to pickup some BTE, hopefully before earnings.

[Matty_10]

Cpg or bte? Which one you guys buying.

[themack89]

I'm eyeballing the 95 / 95.50 bull call on WTI options, February expiry.

$100 buy in yields $2400 payout if price recovers by expiry. I like those odds given the time frame.

[ercchry]

Originally posted by themack89
I'm eyeballing the 95 / 95.50 bull call on WTI options, February expiry.

$100 buy in yields $2400 payout if price recovers by expiry. I like those odds given the time frame.

how does one go about purchasing oil futures anyway?

EDIT: oh, and i would re-think that $95 by march thing too...

http://www.businessinsider.com/crude-oil-falls-below-80-october-27-2014-10

[themack89]

Originally posted by ercchry


how does one go about purchasing oil futures anyway?

EDIT: oh, and i would re-think that $95 by march thing too...

http://www.businessinsider.com/crude-oil-falls-below-80-october-27-2014-10

Every person and their dog see's those articles. And it's Goldman of all people leading the herd lmao; there is a portfolio experiment somewhere on the internet doing the exact opposite of their "recommendations" and "forecasts" which is turning out to be wildly successful.

My philosophy is human's are notoriously bad at predicting things further than a day into the future (sometimes not even), which is why I just play my own esoteric odds and try to keep it simple. Simple meaning: oil is low'ish, I think it's a decent price to get long. So that is what I will do.

(Not trying to be offensive just expressing my opinion)

As for buying oil futures and futures options, gotta get a brokerage that offers commodities. I use Interactive Brokers because their commissions are dirt cheap and they have amazing options in terms of choosing which markets to trade and data streams, etc. Makes places like QuestTrade look like dog shit.

P.S. For perspective purposes, US Oil production increases in the past few years amount to between 1% and 2% of global demand. And they are drilling like mad men. Oil has fallen ~30% from its peak in the last few weeks--I guarantee the US production numbers are not the only factor behind this price movement, and I guarantee its not 'new' information either haha.

[icky2unk]

Originally posted by themack89


Every person and their dog see's those articles. And it's Goldman of all people leading the herd lmao; there is a portfolio experiment somewhere on the internet doing the exact opposite of their "recommendations" and "forecasts" which is turning out to be wildly successful.

My philosophy is human's are notoriously bad at predicting things further than a day into the future (sometimes not even), which is why I just play my own esoteric odds and try to keep it simple. Simple meaning: oil is low'ish, I think it's a decent price to get long. So that is what I will do.

(Not trying to be offensive just expressing my opinion)

As for buying oil futures and futures options, gotta get a brokerage that offers commodities. I use Interactive Brokers because their commissions are dirt cheap and they have amazing options in terms of choosing which markets to trade and data streams, etc. Makes places like QuestTrade look like dog shit.

P.S. For perspective purposes, US Oil production increases in the past few years amount to between 1% and 2% of global demand. And they are drilling like mad men. Oil has fallen ~30% from its peak in the last few weeks--I guarantee the US production numbers are not the only factor behind this price movement, and I guarantee its not 'new' information either haha.

The drop IMO is just macroeconomic bullshit to be termed lightly hah.

Saudi is playing games and the actual supply demand function of oil is really not as bad as what media is depicting. Media is playing hard ball on oil and pushing it down over nothing vs fundamentals. China economy slowing down, europe crisis/recesssion. It is the same story every year and then when oil is at $90 everyone will be growing so much and demand is exceeding supply and oil will hit 120 and then the reverse will happen.

Since the start of september the media has been feeding negative oil stories to further the blow, from various nations reducing demand to economies slowing growth to saudis doing x and someone else doing x. It's just a bunch of garbage artificially holding oil low but once earnings and guidances come out over the next little while I foresee a recovery or at least some stability.

[avishal26]

Originally posted by themack89


Every person and their dog see's those articles. And it's Goldman of all people leading the herd lmao; there is a portfolio experiment somewhere on the internet doing the exact opposite of their "recommendations" and "forecasts" which is turning out to be wildly successful.

My philosophy is human's are notoriously bad at predicting things further than a day into the future (sometimes not even), which is why I just play my own esoteric odds and try to keep it simple. Simple meaning: oil is low'ish, I think it's a decent price to get long. So that is what I will do.

(Not trying to be offensive just expressing my opinion)

As for buying oil futures and futures options, gotta get a brokerage that offers commodities. I use Interactive Brokers because their commissions are dirt cheap and they have amazing options in terms of choosing which markets to trade and data streams, etc. Makes places like QuestTrade look like dog shit.

P.S. For perspective purposes, US Oil production increases in the past few years amount to between 1% and 2% of global demand. And they are drilling like mad men. Oil has fallen ~30% from its peak in the last few weeks--I guarantee the US production numbers are not the only factor behind this price movement, and I guarantee its not 'new' information either haha.

I'm glad I'm not the only one that thinks this way

[avishal26]

Originally posted by icky2unk


[snip]

Since the start of september the media has been feeding negative oil stories to further the blow, from various nations reducing demand to economies slowing growth to saudis doing x and someone else doing x. It's just a bunch of garbage artificially holding oil low but once earnings and guidances come out over the next little while I foresee a recovery or at least some stability.

Agreed - most likely increase back to over $100 by spring 2015

[icky2unk]

Baytex beats earnings and increase 2014 guidance.. down a buck 1.45

So stupid lol. I understand WTI is down a buck today but still

[littledan]

I'm in Baytex for 50 shares... bought today at $34.37. If it goes much lower i'll probably pick up some more.

[icky2unk]

Originally posted by littledan
I'm in Baytex for 50 shares... bought today at $34.37. If it goes much lower i'll probably pick up some more.

Not a bad buy, I got 150 earlier in the week at 34.34, and picked up some at 42 in late september.

Averaged at about 37 so not too concerned but still shocking on news today it went down.

[e36bmw///]

nm

[themack89]

Originally posted by e36bmw///


I also use Interactive Brokers. The best brokerage i've ever used. I wish they offered registered accounts too.

I asked them the other day... For Canadians and the TFSA they said they are working on it. Check back in a few months they said. :drool:

[icky2unk]

fcking Saudi just slaughted me today

[themack89]

icky would you like to talk about it?

I'm still waiting for $75 before I start longing stuff.

[icky2unk]

Originally posted by themack89
icky would you like to talk about it?

I'm still waiting for $75 before I start longing stuff.

Nope haha just waiting for the games to stop.

[themack89]

From a theoretical perspective, it's not logical to play a predatory pricing game... And this is under the assumption of infinite bankroll, which all players involved have... in a manner of speaking.

This shit is pretty cool.

[-relk-]

Looks like it might be another rough day for the energy sector today. Oil down to the upper 76s atm... how low will it go, now that is the question.

Thinking about jumping in on SU soon here with the dip, maybe even a small position in LRE, I can't stomach putting much into plays like LRE, call me a pussy :poosie:

In terms of the overall market, I am betting it continues to go down, which is why I am sitting on ~70% cash atm. My old man likes to call it the triple waterfall effect in these down markets.

Fuck do I ever wish I got in on CSU years ago, this stock has hardly been hit by any of this uncertainty recently, with a 920% 5 year return :eek:

[icky2unk]

Originally posted by -relk-
Looks like it might be another rough day for the energy sector today. Oil down to the upper 76s atm... how low will it go, now that is the question.

Thinking about jumping in on SU soon here with the dip, maybe even a small position in LRE, I can't stomach putting much into plays like LRE, call me a pussy :poosie:

In terms of the overall market, I am betting it continues to go down, which is why I am sitting on ~70% cash atm. My old man likes to call it the triple waterfall effect in these down markets.

Fuck do I ever wish I got in on CSU years ago, this stock has hardly been hit by any of this uncertainty recently, with a 920% 5 year return :eek:

That's what I gather, the news just keeps coming conveniently after a couple good days.

Building cash and will make use of my TSFA next year to make a new position.

[GotRice?]

my stop triggered yesterday on LRE. Boy am I glad I had that in place when I looked at the chart this morning. Perhaps its time to look at some options?

[BavarianBeast]

Wow. Fuck this. BXE post record production, stock falls 15%.

I'm getting real sick of seeing all my money go down the drain.

God damn saudi arabia

[killramos]

Originally posted by GotRice?
my stop triggered yesterday on LRE. Boy am I glad I had that in place when I looked at the chart this morning. Perhaps its time to look at some options?

Group buy on Pepto?:barf:

[icky2unk]

Originally posted by BavarianBeast
Wow. Fuck this. BXE post record production, stock falls 15%.

I'm getting real sick of seeing all my money go down the drain.

God damn saudi arabia

BTE posted record production, increased 2014 guidance... down hard too.

I thought the market was getting stable at $80 but then Saudi has to do this haha.

I'm sitting on cash until 2015 I think.

LRE looking like a crazy good gamble though...

[ercchry]

really wish i didnt throw $3k at oil long at 25x leverage when it was at $80 :barf:

oh well... at least i didnt put in a new position when it was at $78 :rofl:

only thing im worried about now is my RRX call @ $8 for nov. 22nd :cry:

[GotRice?]

Originally posted by ercchry
*snip*

only thing im worried about now is my RRX call @ $8 for nov. 22nd :cry:

How many did you grab? I wish you the best of luck sir... I'm considering call on KO. Screw energy.

[ercchry]

Originally posted by GotRice?


How many did you grab? I wish you the best of luck sir... I'm considering call on KO. Screw energy.

had 33@ $.64, sold 20 at $0.90, then averaged down when it hit $0.35 with 40 more, then of course averaged down RIGHT before for this shit tanked with another 60 at $0.25 :barf:

so to actually answer the question... 113 @$0.33 :rofl:

[themack89]

I am using the anger and pain expressed on beyond as a barometer when to enter the markets.

So I will start buying some stuff today

Because I haven't tried going so far back in time with Futures Options, I put a trade on today for Feb 89.5/90.00 CL bull call spread. Took about an hour to get filled but I got 'er.

Also put on a Calendar on Crude, Long Jan Short Feb @ 0.075 average price.

[BavarianBeast]

smart lad

[-relk-]

Originally posted by ercchry


had 33@ $.64, sold 20 at $0.90, then averaged down when it hit $0.35 with 40 more, then of course averaged down RIGHT before for this shit tanked with another 60 at $0.25 :barf:

so to actually answer the question... 113 @$0.33 :rofl:
As a newbie to options, I am curious if I am interpreting this correctly. When you say 113 @ $0.33, that means the total premium was 113*100*0.33 = $3,729?

[ercchry]

Originally posted by -relk-

As a newbie to options, I am curious if I am interpreting this correctly. When you say 113 @ $0.33, that means the total premium was 113*100*0.33 = $3,729?

correct, thats my total investment into it right now and its currently worth $791 :rofl:

BUT since i have 113 contracts it fluctuates a lot with very little movement so im not worried yet, if its still down on the 17th then i will be worried. lets hope that most of what rrx lost today was in panic and its now really "on sale" and hits $8 again soon

[themack89]

Pretty risky going naked long on front month calls dawg. You'll catch your delta and keep cost basis low, sure, but Theta gonna eat ya up hard.

[ercchry]

Originally posted by themack89
Pretty risky going naked long on front month calls dawg. You'll catch your delta and keep cost basis low, sure, but Theta gonna eat ya up hard.

this account is for risk, opened 5 nov. 22nd calls on the 23rd at the same time and only got two left that havent been sold yet, the other three have averaged a 32% return. so im cool with it, its only a fraction of my account too, the rest is cash or actual stocks right now

[themack89]

I believe in you my friend.

I just philosophically disagree with buying front month options naked from those dirty premium sellers. lol :burnout:

[ercchry]

Originally posted by themack89
I believe in you my friend.

I just philosophically disagree with buying front month options naked from those dirty premium sellers. lol :burnout:

makes life more interesting :rofl:

but yeah, i try to limit it for the most part

[icky2unk]

to buy LRE before earnings or not to buy

[killramos]

Originally posted by icky2unk
to buy LRE before earnings or not to buy

My take is that no other company has been positively affected by positive earnings of late. Why would LRE be different.

This downturn is in the hands of the speculators at wall street and the Saudis.

I think there is likely to be plenty of buying opportunities over the coming months. Oil is being walked down to 70.

Hopefully LRE's Natural Gas % will help it next year.

[Type_S1]

It's all bottom fishing now methinks....buy into O&G companies with good fundamentals that will withstand a downturn (few B market cap, good cash flow, earnings & reserves,) and you will make money in the long run. I would avoid Jr's like the plague right now.

[borN]

Originally posted by BavarianBeast
Wow. Fuck this. BXE post record production, stock falls 15%.

I'm getting real sick of seeing all my money go down the drain.

God damn saudi arabia

I've refrained from posting in this thread lately since I'm in the O&G finance space, but just thought I'd throw in some colour on this. It doesn't really matter if you hit record production or cash flow or whatever, if you're not going to meet what consensus expects you to hit, then you're probably going to get penalized in the market. In the case of BXE, production (although a record) was way under what every analyst on the street expected. Guidance for the year was adjusted downward, and if you look back to when they first released 2014 guidance you'll see management has been way off all year long.

Not going to comment on LRE but there are better stocks to own out there, it's a discount valuation for a reason. Hopefully we see more green on the screen soon...

[killramos]

Hearing unconfirmed rumors of an Aramco pipeline exploding. Gotto hope it was a big one...

[icky2unk]

Apparently it's Diesel :(

[Manhattan]

Apparently ISIS has invaded Saudi territory.

[sabad66]

it's interesting when you take a step back and look at what we all secretly want in the back of our minds

"i hope the OPEC cartel cuts production" - i thought Cartels were supposed to be 'bad' and that we should allow the free market to do its thing?
"i hope ISIS destroys a crude oil pipeline" - this is just wrong lol

[Manhattan]

^

You're sick man...:rofl:

[ercchry]

apparently it was during routine maintenance, and not a terrorist attack.. BP is also exporting ultra light crude from texas... very strange day :nut:

[killramos]

Originally posted by ercchry
apparently it was during routine maintenance, and not a terrorist attack.. BP is also exporting ultra light crude from texas... very strange day :nut:

We can only hope that's not how fox reports it this evening!

[icky2unk]

Made a swing trade on RE today..

15% in a day not bad hah.

[ercchry]

that time you sell your option contracts early for a 50% return, then the week after the stock jumps and you could of cleaned up a 333% return :banghead:

[themack89]

Bleh. Closed out that calendar cause it moved more than I thought it would. +6.6% On portfolio, +220% on trade.

Opened up a naked long on Jan 90 Oil but will close soon if it doesn't see any action. Opened up another calendar: Jun/Dec, long June short December.

89.5/90 Vert for February still open. No change yet.

[quick_scar]

Originally posted by icky2unk
Made a swing trade on RE today..

15% in a day not bad hah.

Whats happening over at RE? No news on google finance to explain the downtrend last couple months and today 17% increase.

[icky2unk]

Originally posted by quick_scar


Whats happening over at RE? No news on google finance to explain the downtrend last couple months and today 17% increase.

downtrend is just oil prices and heavy oil differential. However today is on no news but i'll take it.

[killramos]

Time to wait for results to be finalized and posted for a few companies out there! I have high hopes!

[killramos]

And the answer to the question of buy LRE before or after results is: After, definitely After :nut:

Why is life so difficult.

[BavarianBeast]

Only company keeping me afloat is the huge risk I took on SLTD when it was at $.06. $.2 now and I have a feeling when earnings come, they will be over 30 cents. If it goes to $.5 I could cover all my losses by selling it lol.

[killramos]

New drinking game: Shots every time LRE hits an all time low.

Gunna be wasted...

[themack89]

Originally posted by ercchry
that time you sell your option contracts early for a 50% return, then the week after the stock jumps and you could of cleaned up a 333% return :banghead:

the 50% return on your option, what was the return on portfolio? just curious about your relative sizing

[themack89]

*edit. double post

[ercchry]

Originally posted by themack89


the 50% return on your option, what was the return on portfolio? just curious about your relative sizing

2.5% ish i guess? its up even more today too... was MG :cry:

[ercchry]

Originally posted by ercchry


had 33@ $.64, sold 20 at $0.90, then averaged down when it hit $0.35 with 40 more, then of course averaged down RIGHT before for this shit tanked with another 60 at $0.25 :barf:

so to actually answer the question... 113 @$0.33 :rofl:

So later that day when the contracts were at $0.10 i averaged down to 200@$0.23... and today i woke up to some good news, all of them sold at my take profit of $0.45 :bigpimp:

EDIT: just cleaned up on DGC too, 17.5%, bought it two days ago... what a fantastic day :D

[themack89]

Originally posted by ercchry


2.5% ish i guess? its up even more today too... was MG :cry:

Scale up bro lets see some $$ :bigpimp:

[ercchry]

Originally posted by themack89


Scale up bro lets see some $$ :bigpimp:

not with 1 month till expiry option contracts :rofl:

that RRX ended up being a decent size though, could of probably pulled another $1k out of it... but im happy... DGC could of been bigger too, was pretty close to going option contract vs actual stocks on that one too... that would have been BIG, but i didnt want to risk it with gold being so low yesterday

[BavarianBeast]

Originally posted by BavarianBeast
Only company keeping me afloat is the huge risk I took on SLTD when it was at $.06. $.2 now and I have a feeling when earnings come, they will be over 30 cents. If it goes to $.5 I could cover all my losses by selling it lol.

Hit .3 today and earnings aren't even out yet! Getting absolutely stoked on this stock. Like I said in my quoted post, if it hits $.5, all the money I have lost in O&G would be covered, and that's a fair amount.

[woodywoodford]

Originally posted by BavarianBeast


Hit .3 today and earnings aren't even out yet! Getting absolutely stoked on this stock. Like I said in my quoted post, if it hits $.5, all the money I have lost in O&G would be covered, and that's a fair amount.

Are they on an exchange? TSXV or something?

[ercchry]

last nov. 22nd expiry contracts sold today, 25% on portfolio overall... not complaining :D

[sabad66]

Originally posted by woodywoodford


Are they on an exchange? TSXV or something?
OTC exchange in the US. So you have to buy in an unregistered account

[BavarianBeast]

Originally posted by woodywoodford


Are they on an exchange? TSXV or something?

OTC. Shares are very liquid though. Bids get whacked quickly.

[BavarianBeast]

They just posted some huge revs. I have a feeling the stock will hit $.4 tomorrow.

I think I'm just going to sell it all and re-invest some of my money into BXE, and maybe some of that LRE ya'll are talking up.

[BavarianBeast]

They just posted some huge revs. I have a feeling the stock will hit $.4 tomorrow.

I think I'm just going to sell it all and re-invest some of my money into BXE, and maybe some of that LRE ya'll are talking up.

[Feruk]

Any thoughts on RMP?

[themack89]

This is a weird thread. Sometimes there is non-stop posting here and then it just dies lmao.

I wonder whats happening.

[ercchry]

Originally posted by themack89
This is a weird thread. Sometimes there is non-stop posting here and then it just dies lmao.

I wonder whats happening.

people make noise when things go well and shut up when they dont? :rofl:

bought and sold a couple more contracts between yesterday and today, 2.5% on portfolio, took advantage of ford's dip to just under $14 yesterday, cleaned up this morning when it hit $14.22... wish i held on till day end... today i grabbed some apple when it hit $108.85, dumped it at $109.75... might regret that tomorrow, but who knows. oh well, at least im making money :thumbsup:

[themack89]

Originally posted by ercchry


people make noise when things go well and shut up when they dont? :rofl:

bought and sold a couple more contracts between yesterday and today, 2.5% on portfolio, took advantage of ford's dip to just under $14 yesterday, cleaned up this morning when it hit $14.22... wish i held on till day end... today i grabbed some apple when it hit $108.85, dumped it at $109.75... might regret that tomorrow, but who knows. oh well, at least im making money :thumbsup:

Do you ever make losing trades too? :poosie:

I've got three positions open they are all pretty much breakeven right now. Booooorrrrring.

[ercchry]

Originally posted by themack89


Do you ever make losing trades too? :poosie:

I've got three positions open they are all pretty much breakeven right now. Booooorrrrring.

lost a little on some tsla options a little while ago... but yeah everything im still holding is down a bit, but only like 5% averaged out... but you dont lose till you sell! :rofl:

[themack89]

Originally posted by ercchry


lost a little on some tsla options a little while ago... but yeah everything im still holding is down a bit, but only like 5% averaged out... but you dont lose till you sell! :rofl:

Did you have the same idea(s) I did on Tesla? I wonder... I was going to load up on puts if it hit over $300. Got up to 285ish I think and then tanked :(

[ercchry]

Originally posted by themack89


Did you have the same idea(s) I did on Tesla? I wonder... I was going to load up on puts if it hit over $300. Got up to 285ish I think and then tanked :(

no, was banking that their drop after they announced the awd S would bounce up a bit... i would of been fine if my contract was a month longer... but yeah, lost 20% of that trade

[themack89]

that sucks... were you long vega? that probably didn't help if you were.

[ercchry]

Originally posted by themack89
that sucks... were you long vega? that probably didn't help if you were.

yup... lucky i averaged down at one point though and it did increase from there so it wasnt as bad as it could of been, more than covered my loss when i cashed out my next trade though

[max_boost]

erchrry so gangster man lol

still holding on to 360 shares apple, up about 15% right now. will just let it sit there since this company seems to do no wrong :rofl:

[themack89]

I was just looking at bloomberg out of boredom and noticed that these headlines are all directed towards Opec / Saudi and blame shifting over to them for not cutting production engaging in a 'price-war'.

But, I thought about this for a few minutes and it doesn't make sense to me. The United States shale oil is much more expensive to produce, and technically if there is oversupply, then anyone who is still producing is contributing to the oversupply. The strange part is how the US produces oil with higher cost basis, OPEC lower cost basis, so does it not make sense that if the price is dropping you stop producing the higher cost oil first?

How come the headlines don't ask the US to turn off their taps, because for the Oil market it seems more logical to do so? Maybe I'm wrong.

[Type_S1]

^ most people think OPEC is not cutting production so north American producers feel the pain and are forced to cut back. They make money on any price so aren't too concerned in the short run. Another belief is that this is all a political shell game and the US doesn't want OPEC to cut production as low oil prices are crippling the Russian economy and currency even further.

Either way...2015 will be a year of sub 90 oil prices the whole way, hopefully for Calgary we stabilize above 80. I predict a very cruel 2015 for calgarians...lay offs are coming and will be painful. Housing market will drop...doom and gloom.

[ExtraSlow]

Lots of theories about this stuff
A) Saudis want to hurt USA oil production
b) Saudis (with approval from USA) want to harm Russia and Iran.

Marginal costs for new tight oil supplies in the USA are somewhere north of $80/bbl. Some analysts have the "true" marginal costs around $110.
http://www.forbes.com/sites/christopherhelman/2014/10/13/bad-news-for-u-s-drillers-as-saudis-signal-no-cuts-to-oil-output/

Remember kids, we aren't running out of oil, but we are running out of "cheap" oil. Even the Saudis have seen marginal costs go up.

[ercchry]

Difference being that the US does not export their oil... but as far as we go up here, as long as our dollar stays low we will be fine. still a good demand for our heavy crude that is paid in USD

[BavarianBeast]

Well E.TO hasn't been doing so hot for me.

Thought it would be a great pick this year. So far it just falls.

[icky2unk]

Oil stocks were drawn 1 million vs consensus of build 1 million yet oil got spanked after the announcement lol.

[killramos]

WTI 75.01 USD/bbl

Here comes another plunge.

[themack89]

Haha, now I am glad that I didn't go the naked exposure route. :nut:

4% in a day thats insane.