RE: Not WRG's Turn Today Lots of talk about oil prices dropping , not too many companies that can't make money at oil over $80/barrel . Companies were making money 10 years ago when oil was under $30 barrel . Sure there has been some inflation on costs to produce the oil but not as much as the price has run up . Lots of oil companies are still hedged under $100/barrel for their production . When that turns over and future production is being sold for current prices should start to see a rebound in a lot of the beaten up energy sector . The Markets biggest trouble is just getting the fear out . Wall Street had it spun that the world was going to end if Greece defaulted . Which they did ..... ahh looks like everything is ok ..... The analysts, big time hedge fund managers they all sickens me .
I bet none of WRG's rigs are drilling for gas right now . this is one of the best drillers I am surprised it has came down as much as it has but the whole sector has been beaten up . It will come back around. Hopefully the market can not tank after spring like it has done multiple years in a row now . It would be nice if one year wall street can just keep unwarranted fear out of the market .
When just a month ago there was MULTIPLE analysts touting how the service sector was a screaming buy . Looks like the weathermen were wrong again .