OXY update...
I wonder if the Buffet trendline will kick in or not.
I wonder if the Buffet trendline will kick in or not.
Sadly that was my first thought too.Red Pear BCS Luke said:I would not be shocked to find him Jeffery Epstein'dAg CPA said:
SBF released on $250 MILLION bail.
So many questions…
Red Pear BCS Luke said:I would not be shocked to find him Jeffery Epstein'dAg CPA said:
SBF released on $250 MILLION bail.
So many questions…
yesevan_aggie said:Red Pear BCS Luke said:I would not be shocked to find him Jeffery Epstein'dAg CPA said:
SBF released on $250 MILLION bail.
So many questions…
Forgive the ignorance, but is this implying he
1) committed suicide
2) was killed and framed as suicide
?
We are now down 90 points from today's key 3880 support loss in #ES_F, with every support melting down. We just hit ~3790 lower support for today & strong lvl
— Adam Mancini (@AdamMancini4) December 22, 2022
Same drill & a resistance needs to clear to relief run with >3815 starting back to 3850. 3790 fails, we continue to 3755 https://t.co/theXQR8foa
JUST IN: TD Ameritrade is Turning off Margin for $TSLA Buying Power at 2 EST Today 😬 pic.twitter.com/uPjtq3Nt0d
— Cheddar Flow (@CheddarFlow) December 22, 2022
Bearish storage withdrawals reported this morning.Philip J Fry said:
So explain the natural gas price drop? We have a record cold front hitting most of the US and Freeport looks to be opening up. What am I missing?
OPEC will cut. Biden has to fill the SPR.Dan Scott said:
Anybody want to calm my fears in oil. Oil and Nat Gas trading at or near lows of the year. At these levels, XOM, OXY, EOG were much lower. They were able to really make their balance sheets stronger so they are better companies today than beginning of the year. I think that's good for about 20% considering the lower debt, cash balance, and smaller shares outstanding. But that puts XOM around 80 and OXY around 50.
Bonfire1996 said:OPEC will cut. Biden has to fill the SPR.Dan Scott said:
Anybody want to calm my fears in oil. Oil and Nat Gas trading at or near lows of the year. At these levels, XOM, OXY, EOG were much lower. They were able to really make their balance sheets stronger so they are better companies today than beginning of the year. I think that's good for about 20% considering the lower debt, cash balance, and smaller shares outstanding. But that puts XOM around 80 and OXY around 50.
There was a historic study on your topic. O&G equities did not fall back to O&G commodities. O&G commodities caught up to O&G equities.Dan Scott said:
Anybody want to calm my fears in oil. Oil and Nat Gas trading at or near lows of the year. At these levels, XOM, OXY, EOG were much lower. They were able to really make their balance sheets stronger so they are better companies today than beginning of the year. I think that's good for about 20% considering the lower debt, cash balance, and smaller shares outstanding. But that puts XOM around 80 and OXY around 50.
Futures do not necessarily follow today's news.Dan Scott said:
Anybody want to calm my fears in oil. Oil and Nat Gas trading at or near lows of the year. At these levels, XOM, OXY, EOG were much lower. They were able to really make their balance sheets stronger so they are better companies today than beginning of the year. I think that's good for about 20% considering the lower debt, cash balance, and smaller shares outstanding. But that puts XOM around 80 and OXY around 50.
bmoochie said:Guess the ride was out of order.bmoochie said:FJ43 said:bmoochie said:I do. I had line drawn at $378.69 and it bounced right from that. Entered $380s and will look to potentially exit at $380.83 where I have my next SR level but will cut the trade if I lose the lower one.FJ43 said:
Anyone think we bounce to MT 382.50 intraday?
Riding 380s with you. Tomorrow expiry.
&ct=g
FJ43 said:bmoochie said:Guess the ride was out of order.bmoochie said:FJ43 said:bmoochie said:I do. I had line drawn at $378.69 and it bounced right from that. Entered $380s and will look to potentially exit at $380.83 where I have my next SR level but will cut the trade if I lose the lower one.FJ43 said:
Anyone think we bounce to MT 382.50 intraday?
Riding 380s with you. Tomorrow expiry.
&ct=g
Managed this trade adding at 375 and up green now. Will take these off into close.
FJ43 said:
Squeeze into 380 anyone to close the day
Well I got sidetracked and never got these. Now .4 to .45irish pete ag06 said:
Next week 65s are .25... may have to lotto some of those
FJ43 said:FJ43 said:
Squeeze into 380 anyone to close the day
We just might make it
Given Buffett's connection with the administration, feels like OXY would be a good spec play.Farmer @ Johnsongrass, TX said:
Bids to fill a gigantic 3 million barrels of crude oil for Feb delivery to the SPR are due Dec 28th. Awarding announced in January. We will see if JB can sell at $96 and buy back at $70....whose trade netted $4+ billion dollars!!! according to the press. Don't let the headline fool you. There is no $4 billion gain. JB hasn't bought a drop at $70, yet. Mind you, a 3 million barrel purchase has a long way to go to refill 212 million barrels of release. There is a 382 million barrel current inventory in the SPR.
If JB can sell crude oil at $96 and buy at $70, is there a windfall profit tax on that transaction? Inquiring minds want to know.
FJ43 said:
Watch the 50 and the SRs between. 386-88 some traffic.