Obsidian Energy Ltd T.OBE

its FED related after the 2pm FED minutes

[Mickey2]

the market tanked hard and fast. went from +100 DOW to -250 DOW

[kavern23]

Low differential...lol anyone still question PROP buy? 12.15 is sick... Canadian heavy crude’s differential to benchmark West Texas Intermediate (WTI) crude narrowed sharply on Tuesday, the first day of the new monthly trade cycle. Western Canada Select heavy blend crude for February delivery in Hardisty, Alberta, last traded at $12.15 per barrel below the WTI benchmark, according to NE2

[kavern23]

I shorted oil quite hard today..just based on Brent price.   Lots of HOD....and some tests on IPCO and YGR. Easier to lock in gains that way then selling anything with momentum. That EIA report was bearish as f*ck. Risky going against the bullish traders but that was a dog sh*t inventory report. I dont think will be massive tanks in oil stock equities...OBE shouldnt crash on 75 oil.

[kavern23]

When Brent oil didnt hold 80.50...was the signal. Alot of the permain basin shale drillers that have huge capex are going to hedge oil anytime WTI creeps up to 80. Oil producers will be hedging right now in the USA...it will be downward pressure. quote=kavern23]I shorted oil quite hard today..just based on Brent price.   Lots of HOD....and some tests on IPCO and YGR. Easier to lock

[JohnJBond]

What are you using to short Brent?