RE:RE:RE:Other oil stocks in sector well up...Oil companies work in cycles my friend. Rig counts will have an affect LATER in the year. The next 3 months of production is going up, not down. That's the fundamental issue.
bigbird456 wrote:
u well see oil hit 55 $ before u see 46 $. most analysis thinks oil well trade 59 $ too 61 $ by months end. I think it may also. dont think there well be any more bad news for oil. wait tell next week as the us well come out with thier rig numbers. im betting another 5% drop