GREY:TBTEF - Post by User
Comment by
bshort92on Feb 21, 2011 6:39pm
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Post# 18170527
RE: BSHORT92
RE: BSHORT92Rampage: I have no idea where TBE's share price is headed. Hopefully upward. At some point the reality of close to $94 a barrel oil will sink in... so tomorrow I see a higher open. Eventually the market reacts to excessively high oil prices by seeing a possible destruction in demand that if the prices go too high then usage plummets. The political unrest in the Middle East is behaving like an out of control contagion that is threatening to topple many oil states governments as the bulk of their citizens are not participating in the lucrative returns that the oil markets give. Today US based Chesapeake sold over $4 billion of their NG assets to Australian mining giant BHP Bilton. Instead CHK wants to concentrate more on liquids...like TBE and other players who get better returns in the red hot oil market. Keep in mind the facts i.e. the macro or micro are susceptible to many factors...many of which are in a state of flux. Stay tuned.