RE:RE:Of course!!bago wrote: You will be fine as inventories didn't move oil until the Kuwait news came out and who knows EIA may come out with a bullish report this morning. Oil trading at 41.75 that's still showing positive sentiment. Sure BTE could take a hit this morning or it may not but the bet is they will survive this downtrend and will come out at some pont way higher than what it's trading now. All the negative talk on this board is from folks that have sold and want back in and one day they will miss the ship as they did at 3 and 4 and maybe 5 but now the next ship that will be leaving in days to come is 6. Also this year money may start gong back into energy come May instead of going out as many think. If all these people on this board that are saying oil is going down ask yourself why were they holding BTE in the first place and then come out and say they sold at a higher price and start calling for a lower oil price then bang a week down the road they are back saying they sold again at a higher price lol. So my point is why were they buying it if they are calling for 30 or 35 on oil. You made a call now and as of right now you are up if you want to sell you can as you will only take a few penny hit but reality is nobody knows where it's going....glta
Im still in big time, and am holding. Im suprised oil is only down 70 cents. Maybe its waiting for the inventories before we see a big move... but its pretty obvious the Kuwait strike wasnt having much impact on the price of oil in the first place. There was a bit of a selloff but it seems to be recovering. thats a bullish sign. EIA report should dictate where oil is going rest of the week. Almost everyone is calling for $50 oil within a few months. Perhaps it pulls back a bit during next shoulder season, but you want to be long right now and long in 2017 is my opinion.