I find no good reason for weakness today in o&g. both cl and natty holding up relatively well. only reason I can see is a continuation of a mkt rotation I figured was coming to an end? any other thoughts?
both wll and oas testing support.
weakness today??
Re: weakness today??
Oil lower, probably due to stronger dollar and what Fed did yesterday.
Ngas lower on slightly bearish storage report.
WLL and OAS lower on CLR's update, which IMHO was very good. Take a look at our report on NFX. I think what CLR said this morning about SCOOP is very good news for NFX. DVN, GST and XEC also have some exposure to what is going on in Central Oklahoma.
Ngas lower on slightly bearish storage report.
WLL and OAS lower on CLR's update, which IMHO was very good. Take a look at our report on NFX. I think what CLR said this morning about SCOOP is very good news for NFX. DVN, GST and XEC also have some exposure to what is going on in Central Oklahoma.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: weakness today??
The heck with Alibaba. The real buys are Gastar, Lightstream, Swift and a few others. Money is to be made buying low.
Re: weakness today??
Just when I thought we were trying to find a bottom, we take a leg lower. With the market up 90 pts., it's painful to see my accounts going down. I feel like I can't win for losing.