no one wants energy today

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bigtex
Posts: 129
Joined: Sat Apr 27, 2013 9:34 pm

no one wants energy today

Post by bigtex »

world coming to an end if you look at the futures good buying time?????
Fosterplc
Posts: 46
Joined: Fri Jan 02, 2015 2:35 pm

Re: no one wants energy today

Post by Fosterplc »

Great buying opportunity. I'm in. Followers of Sanchez and lonestar can ride the wave all over again. I expect Lots of day trading swings over the next couple of weeks.
dan_s
Posts: 37270
Joined: Fri Apr 23, 2010 8:22 am

Re: no one wants energy today

Post by dan_s »

Actually, the companies that have a lot of their production hedged at good prices will benefit the most from a dip in oil & gas prices. It means bigger cash settlements on their June hedges.

Crude oil price drop today just a result of spike in the U.S. dollar. When things settle down a bit it should resume the climb.
Dan Steffens
Energy Prospectus Group
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