RE:Goldman....bago wrote: came out yesterday and cut oil to 43 as they saw a 400k a day surplus. Now that OPEC cuts 800k a day what is there call now 24 hours later. What a joke! They probably went long oil yesterday. Today almost a million contracts traded on oil, double the normal volume. You would think Goldman would come back and raise estimates now as according to them we should have a negative 400k a day in supply/demand. Many jump on the bandwagon but the ones that seem to get it right are the ones jump off the bandwagon. What about the IEA are they going to come back and say that they are moving up the balance date to the end of the year? Going to be very interesting the next couple of weeks and if the analysts and media jump on the bandwagon it may end up being the time to jump off but I think this rally may just be getting started. Shoulder season will come and go and if oil is moving up during this period it will make for a great Christmas this year....mgba
Plus BTE still has a asset sale to announce which I expect we hear soon. That should give a little uptick also . Glta the longs.