CLR update

[Fraser921]

Clr had an update that will beat Dan’s Q1 forecast
Take a look , higher production , greater returns, higher dividend
Higher cap x

And… the stock gets slammed on the opening which affected all names

This announcement had been totally ignored

[dan_s]

The level of "noise" impacting oil traders is very high. I just got off a conference call with several dozen broker/dealers wanting to know where oil prices were heading. They are people that sell oil & gas drilling partnership deals.

Based on the Q&A, the level of confusion is extremely high. I just told them to focus on the supply/demand fundamentals, especially U.S. and OECD petroleum inventories that are extremely low.