RE:RE:ANALYSTS todayHighOctane89 wrote: I would be dumping any drilling stocks I had , with algos crushing O&G pricing , producers are unlikely to drill any extra wells until north america starts appreciating our natural resources . In the mean time , the market doesn't want or need oil & gas so it looks like a very expensive winter when supply gets overwhelmed by demand . When we get there , then it will be time to load up on drillers but certainly not today .
But I'm in this for less than 80 cents ($16.00 equivalent today), do I have to sell too?...lol...
I do hear what you're saying HO89, but I'm pretty sure PD is fully booked for a while. Then again, with stupid ideas like "windfall taxes" floating around, PD would definately get kicked in the balls, as incentive to drill would suddenly die.