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Strategies & Market Trends : John Pitera's Market Laboratory
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Hawkmoon
toccodolce
To: John Pitera who wrote (17271)11/26/2015 6:16:59 AM
From: John Pitera2 Recommendations   of 33421
 
Hi bob, Here is XOM and it's the Rolls Royce Standard among the integrated oils in terms the best run company with the best balance sheet for a company of it's size. This chart shows shows Wychoff analysis that has been conducted by a partner who has a much longer term day in and out knowledge of XOM.... and the Sector..

I can honestly say that his analysis of the turning points is pretty profound and maybe y'all should be talking a bit more. We have seen your post were you are ringing the bell on the turn in energy market.... and as you may recall from post of my from a week or two ago.... the best oil service sector companies, E and P , I refining... ie VLO... bottom before the price low in the commodity........

I believe a retest in Crude Might occur..... hey I could even see a world where we have a new price low.....but I want to address your strong opinion..... that I endorse your idea that we .......we have already seen the lows in the best of breed of the oil service sector, the E and P and the integrated..... one thing about bottoms is that often they trugg along for a few years.... just look at silver for a market that is no longer going down... but is in a slow long basing period.
the caveat is if we see a further major global deflationary swoosh develop.........

I would not be surprised to see a player like Buffett scoop up a big quantity of physical silver as Berkshire did in 1998..... where they bought 20-25% of the supply for the year at prices around $2.50 or so.

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