GREY:ROAOF - Post by User
Post by
DaycareKid007on Oct 17, 2008 3:54am
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Post# 15530908
Happy Option expiry day!
Happy Option expiry day!Should be an interesting day with high volumes. Looking into a stock info system I have indicates that money is once again flowing in to the energy sector from institutional investors and is increasing. It seems some managers believe that the depressed pricing offers a good entry point. I might be a good idea to pull or lessen energy hedges next week before the OPEC meeting as any substancial cut will most likely start a considerable push of the energy index to the upside. Money is once again beginning to trickle between banks indicating some thawing of the credit markets in certain countries. Hopefully Oilexco can solidify it's financing with increasing oil prices and thawing credit markets. I am going to continue to buy at these levels as I don't think that we will see it this cheap or cheaper in a 1-2 months time unless something obscene happens.
GLTA