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re: Oil stocks, oversupply and the Iran deal
Posted on 3/17/15 at 11:08 pm to GREENHEAD22
Posted on 3/17/15 at 11:08 pm to GREENHEAD22
It's misleading and confusing, but they mean "breakeven" from a fiscal regime standpoint, not economics in wells.
1
Posted on 3/18/15 at 12:51 pm to Lou Pai
Oil dropped even lower on inventory data baws. If Yellen doesn't say the word "patient" here in half an hour, we could really start to approach the $40 mark.
Edit: Looks like I was 100% wrong on the initial move. Guess it was already priced in. Doesn't make any sense to me.
Edit: Looks like I was 100% wrong on the initial move. Guess it was already priced in. Doesn't make any sense to me.
This post was edited on 3/18/15 at 1:34 pm
Posted on 3/18/15 at 1:39 pm to Lou Pai
I is a penny stock but I have been watching VOIL.
they are prospecting in UTAH. While they have not hit anything yet once they do their stock price will go up a bit. And then rise further with oil prices climbing again.
they are prospecting in UTAH. While they have not hit anything yet once they do their stock price will go up a bit. And then rise further with oil prices climbing again.
Posted on 3/18/15 at 2:05 pm to cjared036
lol
A penny stock oil explorer with no revenue in a crashing oil market and their name is "Virtual" Oil. They also recently changed accountants because the previous firm is going through litigation with the SEC.
I'll pass, sounds like something Aubrey McClendon would create
A penny stock oil explorer with no revenue in a crashing oil market and their name is "Virtual" Oil. They also recently changed accountants because the previous firm is going through litigation with the SEC.
I'll pass, sounds like something Aubrey McClendon would create
Posted on 3/18/15 at 2:08 pm to Lou Pai
quote:
Doesn't make any sense to me.
Same here
I thought it would take a nose dive, instead most oil stocks are up big time, SM is up 10%
Posted on 3/18/15 at 2:08 pm to cjared036
quote:
I is a penny stock but I have been watching VOIL.
Posted on 3/18/15 at 2:41 pm to Northwestern tiger
OK got it. The dollar dropped because fed officials backed down somewhat on both inflation expectations and anticipated rate increases. Read too much into the "patience" bit, especially since the market had priced that expectation in.
This post was edited on 3/18/15 at 2:42 pm
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