Oil Prices

I dun see oil n gas counters always in uptrends when oil prices are rallying. Oil price rises, buy oil n gas counter, oil price drops, sell them for profit, i hope it was that easy

My company clients are big oil n gas companies and their substantially decreased orders for the past few months which I think have not been reflected yet, will soon kick in

^^agree. Capex cycle is not going to restart just because oil hits $80. It will only restart when majors see oil price sustainable at >$70 for next 18 months. There is a difference. So choose and TIME the instruments carefully. I wont be surprised most will rise in tandum but i wont be holding them for quarterly results

If one been reading this thread past 6 months, one would have a good idea where the dynamics and catalysts are coming from.

Vested in WTI futures

(21-04-2015, 08:27 AM)specuvestor Wrote: ^^agree. Capex cycle is not going to restart just because oil hits $80. It will only restart when majors see oil price sustainable at >$70 for next 18 months. There is a difference. So choose and TIME the instruments carefully. I wont be surprised most will rise in tandum but i wont be holding them for quarterly results

If one been reading this thread past 6 months, one would have a good idea where the dynamics and catalysts are coming from.

Vested in WTI futures

To wait 18 months to make sure oil price sustainable at >$70 to decide capex, is too long a time. Are you sure?

Not wait 18 months per se... Have measured confidence for next 18 months. They are not going to drill $1m test holes just because oil is going $80 next month. I also doubt they look at technical charts. Like shipbuilding, these are deep cycle industries

Thats why OPEC officially only meet twice a year.

June Nymex Oil drop to USD56.20 today from the high of USD57.60 yesterday.

(22-04-2015, 10:00 AM)old friend Wrote: June Nymex Oil drop to USD56.20 today from the high of USD57.60 yesterday.

Now 56.81, but i think still heading higher. I believe we see 65 soon. Everywhere stimulus of sort is in progress. Market anticipating increase in demand.

The US "rig count" - suddenly the most-watched indicator in global energy - has fallen from 1,608 in October to 747 last week. Yet output has to continued to rise, stabilizing only over the past five weeks.

Mr Tillerson said this is more or less what happened in the sister market for US shale gas. In 2009, some 1,200 rigs produced 5.5bn cubic feet (bcf) of gas per day at a market price near $8.

Today the price is just $2.50. Nobody would have believed back then that the industry would continue boosting supply to 7.3 bcf, and be able to do so with just 280 rigs.

Oil slump may deepen as US shale fights Opec to a standstill
http://www.telegraph.co.uk/finance/newsb...still.html

http://www.livecharts.co.uk/MarketCharts/crude.php

June Nymex Oil drop further to USD55.81 just now.

Now 56.08 , expect to see higher high. Now it is already break 54, is a good sign it will stay on the high side and head higher.

Hope market got more bearish view, so it can go higher.

http://www.plus500.com/Instruments/CL

Oil is 57.56, what reasons is making oil boiling ? But the more negative things are, the better it is for oil, that is what i see so far.

Yewkim, break 54 triple top ( I don't know how she read the chart, because I do not see any) is about to come true. I am waiting to see. And many vested in Oil n Gas too are waiting. May oil go to 65 no matter what and bring us who are vested in them joy.