I'm not sold that this is the end of the worldBoy the sheep were running hard today and everything took it in the teeth . The good news is WTI continues to flirt with $63.50 , oil is becoming more of a supply focused market and supply is tight at present .
EIA report of a 338bcf withdrawl of nat gas was impressive and has put inventory below last year and the 5 yr average . Remember the withdrawl season started at historic high levels of inventory which have been cut in half . The dwindling production and increasing demand are still being blown off by NY futures traders but a cool/cold March will keep prices steady .
The healthy price of commodities continue to build a very solid quarter , the value is all around this sector and investment will find it as the dust settles . BTE is still under valued and will eventually get there .