lady di g -- (dig it?) First, thank you for your kind comments.
I see you have put a lot of thought into your ideas. But I think you should quit talking to Socrates. He is of a breed that is known to be inferior to the line of King Canines from which speweth my genetic code. All of the Dog Kingdom know that words from the line of Socrates are mere heresy and the mutterings of a frothy-mouthed peasant beast. While you are to be lauded for taking in and giving care to such a low form of life, please do not heed his advice on the matters of oil, for it is with contempt and evil desire that he tries to misinform you. In this way, he knows you will not be comimg to riches and will not, therefore, cast him aside on the day you can afford the luxury of one of the King Canine line, such as His Doggedness.
With that said, and on a more serious note, I respectfully disagree with most everything you say in the referenced post.
Yes, you have logic on your side -- IF issues are reduced, or enlarged, to the ridiculous, and no consideration of the real world is taken into account.
If demand doubles, as you say, (which it won't), you can be 100% sure the price of oil will sky rocket.
If demand shrinks by half (which it won't), you can be 100% sure that oil prices will be much lower...even below production costs.
Time is the critical factor. Neither of the above scenarios can continue for any substantial length of time before either demand is decreased or supply is increased.
The rise of stocks and the fortunes of companies are not linked for the "short term". Perhaps fundamentals will catch up with technicals before another decline, I don't know.
Tell Noble Drilling that the price of oil has nothing to do with the cancellation of their highest earning jackup. It has EVERYTHING to do with it. If the jackup doesn't work at the high rate, Noble don't make the cake. If it don't make the cake, then why have a higher stock price?
It ain't gettin' better out there folks. Don't let the price of the stocks make you think all is well in the patch...
I think we only have a dead cat bounce here.
I have sold WFT at 28 twice and bought it back at 26 twice in the last week or so. I sold FGII at 18 and have an order in to buy back at 16 1/2. I bet it gets filled early next week. To me this seems the way to gamble for now. I also bought PKD today at 5 and will sell at 6 or at 4 3/4 -- whichever comes first.
Deer harvest season opens this weekend...the hiways are fully of camo, guns, and Bud Lite...not a good day to be driving on I-10 west to the Texas Hill Country. I'm gonna let my Bambi's get a little fatter before the big breakfast blast.
big
loosbrock.com
|
