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no one wants energy today
Posted: Fri Jun 24, 2016 8:00 am
by bigtex
world coming to an end if you look at the futures good buying time?????
Re: no one wants energy today
Posted: Fri Jun 24, 2016 8:06 am
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.
Re: no one wants energy today
Posted: Fri Jun 24, 2016 2:13 pm
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.