RE:RE:POO I agree and have said for a while I don't share the enthusiasm for POO in the short to medium term. we have a RISING glut at this point and is at it's highest level for this time of year in over 2 decades, this is driving season folks, here and in europe and we have rising inventories.
it's looking more and more like a significant turnaround in POO will not happen untill after POFS-1 is producing, not good for iae. poo is down about 1.50 at this point today. shoulder season is just around the corner to add a bit further doom to this situation.
https://www.bloomberg.com/news/articles/2016-07-31/growing-oil-glut-shows-investors-there-s-nowhere-to-go-but-down only thing i can see turning poo around sooner (barring a major catastrophe somewhere) is opec cutting production and at this point i really don't see that happening. if wee don't get a really cold winter IAE will find itself sol imho. some on here could have their heads haded to them.
cheers ferret