RE:RE:RE:Negative Useless Comments Oil will be up Nicely tomorroworlandofl wrote: Nessrookie wrote: Saying BTE didn't pay too much for eagle Ford in 2014 because oil prices will go up. Is pretty much the same as saying those who bought BTE at $40 in 2014 didn't pay too much because of the price of oil will go up
keep the dream alive of a buy out though
FYI the shorts are the only ones making money today. The longs are getting burns badly
I would expect short covering this week and a rise in oil and bte then shorting at higher prices it will continue for a while but range of trading should gradually climb from here with oil going over 55 in 2017
Im not sure what will make oil go higher. We are heading out of driving season with record inventories and after the seasonal switch oil inventories are going to continue to rise. To me this will not make oil go up in price.. Can you explain why you think it will?? I dont see anything bullish for oil until the 3rd quarter.