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re: Crude watch: What's going on?

Posted on 10/28/14 at 2:34 pm to
Posted by breadtiger
new orleans
Member since Nov 2006
133 posts
Posted on 10/28/14 at 2:34 pm to
thats a high class problem to have. congrats
Posted by GREENHEAD22
Member since Nov 2009
19582 posts
Posted on 10/28/14 at 2:47 pm to
Appreciate it. If I could ever get hard numbers from these people it would make things a lil easier.
Posted by Louie T
htx
Member since Dec 2006
36300 posts
Posted on 11/4/14 at 7:54 am to
$76.54....
Posted by TJG210
New Orleans
Member since Aug 2006
28335 posts
Posted on 11/4/14 at 9:10 am to
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 11/4/14 at 9:43 am to
I'm not one to believe conspiracy theories, especially around O&G, but WTI plummeting to 6-7 bucks 24 hours before elections.
Posted by I Love Bama
Alabama
Member since Nov 2007
37693 posts
Posted on 11/4/14 at 9:45 am to
quote:

WTI plummeting to 6-7 bucks 24 hours before elections


WTI a buy right now? So damn cheap
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 11/4/14 at 10:06 am to
quote:

I'm not one to believe conspiracy theories, especially around O&G, but WTI plummeting to 6-7 bucks 24 hours before elections


Meh. Its driven by Saudi actions.
Posted by joeleblanc
Member since Jan 2012
4114 posts
Posted on 11/4/14 at 1:40 pm to
nope
Posted by TulaneUVA
Member since Jun 2005
25881 posts
Posted on 11/5/14 at 4:07 pm to
Definitely Saudis playing around.
Posted by TigerDog83
Member since Oct 2005
8274 posts
Posted on 11/6/14 at 10:01 am to
Hamm scraps all hedges

This is a pretty bold move.
Posted by bayoubengals88
LA
Member since Sep 2007
18881 posts
Posted on 11/11/14 at 12:32 pm to
Is anyone making a play on this cheap oil other than buying oil companies? I'm talking about oil ETF/ETNs that attempt to track the spot price of crude. Yes, the key work here is attempt, but USO and DBO seem pretty safe to me as far as commodity etfs go.

Shouldn't this be an easy way to make 30% if bought at or below 52 week lows? I think most of us believe crude will be back around 100 at some point. Am I missing something?
Posted by RidiculousHype
St. George, LA
Member since Sep 2007
10187 posts
Posted on 11/11/14 at 12:52 pm to
quote:

Am I missing something?


No.



Oil has been this oversold twice since 1982
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 11/27/14 at 10:08 am to
Dropped to 70 bucks...Happy Thanksgiving.
This post was edited on 11/27/14 at 10:10 am
Posted by TulaneUVA
Member since Jun 2005
25881 posts
Posted on 11/27/14 at 10:16 am to
Y'all heard that OPEC decided to keep oil production flat? They are definitely trying to push on the US domestic producers.

LINK
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 11/27/14 at 10:22 am to
yea, they are being total assholes
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80755 posts
Posted on 11/27/14 at 10:32 am to
Oh shite, under $70...things gonna get interesting
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 11/27/14 at 10:39 am to
Energy could be getting cheap going forward. Light trading today (mostly except WTI) and we're down below $70. Crude is at 72, wti 68 and natty gas down about a dime.
This post was edited on 11/27/14 at 10:43 am
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 11/27/14 at 10:42 am to
I could do so much more hunting and fishing
Posted by LSU0358
Member since Jan 2005
7915 posts
Posted on 11/27/14 at 11:45 am to
Down over $4.50. Could be capitulation here. Here's to lower gas prices.
Posted by I Love Bama
Alabama
Member since Nov 2007
37693 posts
Posted on 11/27/14 at 12:07 pm to
No way this goes under $60. I'll probably go all in if it does.

Nothing more than politics at play here
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