SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : High Tolerance Plasticity
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Second_Titan who wrote (2062)3/20/2001 9:41:27 PM
From: excardog  Read Replies (2) of 23153
 
007

Actually I'm thankful for a certain amount of build. Remember just 2 weeks ago we were at 27 year lows in crude inventory. At that rate one little problem and boom we would be in deep trouble.

Gas was up smartly today which probably helped carry the sector to a minor victory over the markets. Crude remains in a down draft but gasoline already tight supply wise doesn't bode well for summer driving season. One other problem on the refining side is with natural gas prices high we will continue to see those that can fuel switch.

Thus by summers end will be where we were last year wondering if we are going to run out of winter heating oil or not. The circle of life in this sector.

Decent day for me but not great I've got some bigger positions in some real little guys which are killing me. But overall quite happy year to date. Only oil and gas sector trades since Jan 1 nothing else. Missed that big tech run in January but also missed the February March crash.

Reloaded FST yesterday and was going to buy some calls to spice it up but didn't. Wish I had. I continue to think FST is cheaper than VPI but nobody believes me. Plus they are more gassy than VPI but I think the market thinks of them as an oil name. 70/30 gas to oil. They should change their name to Forest Natural Gas probably be good for 5 points.

Also like Triton in here but with pressure on crude the real oily names may do well to stay even over the next month or so. Every dollar drop in crude for example effects HEC something like a million or so.One is probably better off with the gassier names.

Enough rambling I'll see you folks tomorrow.

Best
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News