RE:RE:RE:HOU is deadThe equity market in oil and gas stocks certainly thinks Hou is dead. The selloff has become very vicious but despite this HOU may well end up in the green today. Below $90 has been tested twice and failed.
Sold last week to go on vacation but thinking of going back in around the $90 mark.
Is the price of o/g equities predicting the future price of oil. If so oil should be around $75 in a few days? I just can't see it. The risk to supplies are just too great. Nothing has really changed. Libya is still a mess. Even the combined might of the US and allied airforce is not stopping ISIS.
Just went green as I type this,
GLTA