I just got an email today that our Christmas party has been cancelled...
Houston..we have a problem....
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Last: 7 days ago by Sims
Surprised someone is already thinking of that....
XOM added to Goldmans conviction buy list.
I think today when the EIA report comes out with a big build, we see a big flush down. I got a feeling today.
Well ****
We cancelled ours in January or Feb...pretty much right after the 2014 one.
PXD provided production update lower than what was forecasted. In Q2 they were 197K BOE a day. Their earlier guidance was 198-203.
Eagleford will be flat growth but Permian 22-24% growth vs forecast 20%
Eagleford will be flat growth but Permian 22-24% growth vs forecast 20%
quote:I'll be honest, as a small business owner I do not know how social events and profit sharing opportunities will continue anywhere except the fat cat large corporations. With Obamacare hammering our insurance costs and predictions that it will jump up again next round coupled with the economy being where it is any money used for such things just isn't there even for the stable companies.
I just got an email today that our Christmas party has been cancelled...
US Crude below $50 again.
Stupid question, but where do you guys go to see the price of oil? Yahoo finance or something like that? Idk why this is so difficult for me.
"The latest data from the Energy Information Administration showed that US crude oil inventories rose by 2.5 million barrels in the week ending July 17.
That brought the total number of barrels to 463.9 million, keeping stockpiles at an 80-year high for this time of year."
That brought the total number of barrels to 463.9 million, keeping stockpiles at an 80-year high for this time of year."
quote:http://www.bloomberg.com/energy
Stupid question, but where do you guys go to see the price of oil? Yahoo finance or something like that? Idk why this is so difficult for me.
quote:http://finviz.com/futures_charts.ashx?t=CL
Stupid question, but where do you guys go to see the price of oil? Yahoo finance or something like that? Idk why this is so difficult for me.
quote:Bloomberg works well but I prefer the below link. It shows the futures contracts as well.
Stupid question, but where do you guys go to see the price of oil? Yahoo finance or something like that? Idk why this is so difficult for me.
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html
Well the price going opposite of my gut feel. I was thinking more pressure at 50 would cause it to bust down.
It probably hangs around $50 for a while and then things get ugly in September-October.
Baker Hughes halted down 5% there are rumors that the merger with Haliburton wont get approved.
quote:
Baker Hughes halted down 5% there are rumors that the merger with Haliburton wont get approved.
I was told by a HAL employee the other day that the merger has about a 60% chance of going through. That is the scuttlebutt at HAL anyway.
I'm calling $28/barrel by Dec
quote:
I'm calling $28/barrel by Dec
The ****?! Don't say things like that
quote:
I'm calling $28/barrel by Dec
That would be devastating for the industry.
We got the breakdown and close below $50 at $49.19. The dollar is getting stronger and supply isn't slowing down.
$60-65 by Dec 1st. Just my $.02.
What am I going to do with all this Gallery Furtinure??
$75 by dec 2016
Unrest will breakout in one of the OPEC radical hotbed countries like Libya or Algeria
Unrest will breakout in one of the OPEC radical hotbed countries like Libya or Algeria
quote:Sell it to a refinery worker, I'm sure they'll have plenty of money.
What am I going to do with all this Gallery Furtinure??
In a regulatory meeting yesterday, we heard a "guru" say "no way we'll see $30 oil this year or the next."
I don't think he considered the release of Iranian storage (crude & condensate) hitting the world market.
NOW I'm worried.
I don't think he considered the release of Iranian storage (crude & condensate) hitting the world market.
NOW I'm worried.
quote:
$75 by dec 2016
Unrest will breakout in one of the OPEC radical hotbed countries like Libya or Algeria
No reason to worry now. Nobody has a clue.
surely if he is a "guru" he considered that...
quote:quote:
I'm calling $28/barrel by Dec
The ****?! Don't say things like that
We need demand to catch up to supply and the basturds at opec aren't budging. Not enough demand out there to support higher prices. Definitely need Bric to demand more fuel. If we can make it through this doldrum and draw down the global supply, I'd feel more optimistic. Right now I'm just having a really really bad day
This is what I DO see:
OPEC continues downward pressure on global oil prices making their members, especially the smaller ones, cry uncle. We, the US, see a bump in GDP thanks to lower energy prices. While OPEC is getting weaker our overall economy is getting stronger. This bump will also be a great time to improve our infrastructure, build new facilities, and start exporting LNG. We make it through this doldrum and we will have overcome the OPEC cartel. It's going to hurt for a little bit. But let's make it through
OPEC continues downward pressure on global oil prices making their members, especially the smaller ones, cry uncle. We, the US, see a bump in GDP thanks to lower energy prices. While OPEC is getting weaker our overall economy is getting stronger. This bump will also be a great time to improve our infrastructure, build new facilities, and start exporting LNG. We make it through this doldrum and we will have overcome the OPEC cartel. It's going to hurt for a little bit. But let's make it through
quote:Most have considered this.
In a regulatory meeting yesterday, we heard a "guru" say "no way we'll see $30 oil this year or the next."
I don't think he considered the release of Iranian storage (crude & condensate) hitting the world market.
NOW I'm worried.
That's why oil dove once the Iran deal went through.
The spread between supply and demand isn't a huge spread. Back during the initial drop, I think I read it was somewhere around 1-2% difference. We just got done hearing from our management and they made a comment I agree with - most people probably believe that the world is just floating in oil right now, and that isn't the case. Is there a supply glut? Yes. But it's not as huge as many people think.
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