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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (22241)	1/15/2016 8:41:35 AM
From: skinowski	Read Replies (2) \| Respond to of 41411

With Oil trading below $30, only Russia, Venezuela and the Middle East are still able to make any money at all on producing it. Also, it seems these are the costs of pumping from existing, active fields... The costs of discovering and developing new resources are probably higher. In my non-expert view, this bear market in Oil is probably playing itself out... Time to think about low balling some potential entries. A safer play, IMO, could be something like the old trusty XLE. It bounced yesterday, but with the Oil dipping further, should at least try retesting the lows. New ones are indeed possible, but are likely to be limited and temporary. $50 looks like potential support. Edit - by entries, I mean selling puts... for the most part. money.cnn.com