RE:holy shiskabob where is OBE going?OBE is trading independant of oil price today.
That suggests something company specific.
OBE has show a recent tendancy to leak into the share price when something postive is going on - ie, like how it went up to the $7's when the first bluesky wells started flowing.
Then over $10 about when the first clear water well would of been flowing.
Then it settled back to the low $9's as the profit takers jumped out.
Now on a down oil day, it took that in stride. Some first trade of the day types jumped out at the open. Since then its been pushing forward.
Who buys on a day like today, when oil is down 4.5%? Probably people who don't want to wait until tomorrow because they are worried it will be higher. Its a very positive sign.