Sergio, obviously we differ on opinions-to an extent(and that is OK, that's what these threads are all about), I agree with much of what your saying. But it is the hidden factors that keep me optimistic, Winter/La Nina,Opec cuts and upcoming meeting,sector has had it's butt kicked, A biggy not talked about much-Russia (largest exporter)production has been steadily falling,they can't afford to pump the stuff, without tax reform production will continue to slide.Not to mention production/supply numbers coming out lately suck(the accuracy of those numbers).We'll see what happens,I'm in W/profits,stops in place,if it doesn't work out-no harm no foul<g>
DD
PS IMO at this point market sentiment is key to the direction of the oil services sector..I still won't touch the E&P's, especially if their involved in gas..
PPS: this current hurricane is going to be very, very strong,doesn't appear the Gulf is in danger..But, looks like we could get a Canuk blast of air this week.... |
