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

To: skinowski who wrote (22270)	1/15/2016 9:27:49 AM
From: robert b furman	Read Replies (2) \| Respond to of 41411

Harold Hamm was on Bloomberg yesterday, He said the lower it goes in price - the faster it will recover "That the way its worked in every oil bust". He also said we learned from the last bust that oil E&P is no place for short debt - this round the debt is long term and the BK's every body expects won't be happening like every one thinks. He said the Saudi's played their last and only hand and US shale will survive. Shale oil wells decine fast the first year and then stabilize. Peak domestic oil will begin at a faster than normal decline. So I agree with your oil bottoming out. My KMI shares are a bust. I do think oil services must have lower margins as the shale industry will survive but lose margins. XLE is a good way to avoid company specific trauma's. The one company I like in oil services is the most debt free and that is NOV. The one driller I like is HP again the least in debt. Both will pick the bones of those who cannot reduce prices and will go broke - at least due to debt load servicing. The bottom of all that must be lagged out into the future. I'm thinking the first bottom will be in the commodity. How does one play WTI? USO ?? I'm far from the etf world. Keep in mind the futures for oil close out today I think I heard that last night. Looks like a slap down back to that 1867 again. YIKES !! Bob