03-02-2015, 12:11 PM
Those yet to get out of O&G is probably too late to do so now. IMHO the short upswing is here with the expected shale output plateauing/ peaking/ inflexioning in next 2 months but unlikely to surpass $70 until Ukraine is resolved.
As per discussed earlier in this thread:
As per discussed earlier in this thread:
(19-01-2015, 12:49 PM)specuvestor Wrote: [ -> ]PS besides the fundamental reasoning, there are reasons why bear markets are generally thrice the velocity of bull markets
Spot oil has gone lower low but oil stocks generally have not. Mr Market is already talking
(16-01-2015, 11:37 AM)Belg Wrote: [ -> ](16-01-2015, 10:27 AM)specuvestor Wrote: [ -> ]WTI has been trading at premium prior to 09 as US is the largest importer of oil ie natural demand and quality is better than Brent.
However since the rise of shale oil, it has been starting to tradie at discount. Some say it is due to logistics and infrastructure constraints in Cushing Oklahama due to sharp rise in shale oil. But the inventory at Cushing has gone down since 2013 but discount persisted.
I leave it to you to figure out in this thread why it is back to parity and possibly normalise back to a premium to Brent soon.
"Monitoring and might be vested"
For all we know , the real reason behind this "low" oil price is a pact on Russia and possibly countries in the ME to listen to the US and OPEC.
China's HUGE storage on super tankers and also Singapore's very own oil caravan is not there for nothing.
Time to look into oil and gas counters?