Veren Inc T.VRN

Oil Stocks in the red....

[spurwing2]

But WTI is up at over $116,following the market down.

[filefish]

Does anyone else get the feeling that word is out that a devistating windfall profit tax on Oil and Gas companies is going to be announced soon? Thats the only reason I can think of for this toppy trading when WTI and NG are at todays levels.  

[TouchDown12]

The US Tresury Secretary just issed a statement asking E&P to pump more oil and NG asap; can't see them asking for more production at the same time as taxing them to hell. TD12

[NonCredibleSrc]

I think it's wise to bear in mind that tech stocks have been beaten over the last while - between those that are gun shy (or don't have the means to purchase more) and those that are moving in to try to scoop up some (percieved) deals we are going to see a bit of a lag. I don't think this is windfall tax related. FYI - even if it were - much would depend upon how that would be

[jleer42]

I would think the fall economic update at the earliest.

[filefish]

If it becomes more evident that WPT is likely, we all need to be planning an exit strategy. Dont need to live thru another 2006 style Haloween Massacre .