RE:RE:DisconnectSeriously?..... you must not be invested in any Oil plays and/or not reading the many posts here.
I have quoted many names of Oil companies trading at their 5+ year highs recently.
Check the charts on pure play Oils like MEG & ATH for example.
I have also mentioned pure play small caps like KEI, hitting it out of the park with excellent drill results.
I have even compared a bunch to where they were trading 5 yrs ago vs today.
So far, the many that have reported their Q2 numbers made very decent profits, while operating with a low oil price (Q3 going to be massive for many if this oil price holds or goes higher).
Another poster here talks about the very favorable crack spreads that has held up for refiners.
If SU numbers are anything like CVE & IMO, there is going to be some serious catch up.
These two have been shooting higher since the day they announced earnings.
My take from all this..... this continues to be a great time to be invested in the space.
Risk/reward recently has been very rewarding indeed.
Now that could all change with any altering event, but you can say that about any stock, any sector.