RE:Re: re : trading volume 9.9 million Theyre making tonnes of cash to pay down debt and do buybacks. The dividends to shareholders are still piddly . When they reach their goals and actually give us lots of money these will all rise rapidly . Right now most guys are also anticiating these crude price leveks will drop so theyre gun shy. Unless Putin is assasinated and the Russians become a fair democratic society (LOL) , they are not getting their oil market back so I doubt the oil price will tank anytime soon.
Rocket101 wrote: I find it really bizzare. Most oil and gas companies are making tonnes of cash with oil at 117-118. But I keep looking at the price action and most are in a trading range. What is this saying? Is it saying that share price anticipated good earnings and price is now reflecting the results? Why are these oil stocks stalling with oil at 117.00 barrel. Go figure ! Or is the smart money positioning for a global recession. Very strange.
jmho