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re: If I think the price of oil is going to skyrocket..
Posted on 2/28/12 at 1:02 am to spicycajun
Posted on 2/28/12 at 1:02 am to spicycajun
quote:
GMXR
If I was betting on escalating crude prices, don't think I would be buying a small cap that is 98% gas.
0
Posted on 2/28/12 at 9:31 am to tirebiter
quote:
Sounds like the US needs to improve its refining efficiency/capacity if consumers want relief at the pumps.
I have been meaning to respond to this in the other thread, I just haven't had the time to properly investigate it yet. This is where the other thread about gas prices/foreign demand breaks down first (IMO), given the real world events of several refiners shutting down in the last couple of months. Crack spread and Euro/US gas price relationship haven't meaningfully changed either, so I don't buy the last guy's supply/demand characterization either, I just don't have a better answer at the moment and I couldn't find any sort of pan-Asian or Chinese gas prices on bberg to investigate that angle.
Posted on 2/28/12 at 11:00 am to kfizzle85
Good point on GMXR, just added it to the list since it moves very aggressively with the price of oil more so then gas. I was excited a few months back to get it at $1.50 then watched it slide below $1.00, but loaded up on it again, then even though the price of nat gas has been relatively flat v/s oil, just last week unloaded it all at $2.03 with a nice profit. Watching it slide again today, waiting for it to get to $1.50 and playing it again!
Posted on 2/28/12 at 1:16 pm to spicycajun
quote:
it moves very aggressively with the price of oil more so then gas
WTI correlation: -0.61
HH correlation: 0.70
This post was edited on 2/28/12 at 1:16 pm
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