RE:Stockwatch Energy - YesterdayI think a lot of investors are increasingly interested in the integrated energy companies (note how they are all doing well today) because on the one hand they want exposure to energy (in case this does turn into a global structural supply deficit that lasts for years) but on the other hand want to avoid the naked producers who are totally at the mercy of a volatile energy price. The best bets are obviously the companies that can capture the WTI price (in American dollars) while at the same time paying for inputs costs like labour and materials with the Northern Peso.
The market is also beginning to understand that without the SPR releases we are in negative inventory situations and Winter hasn't got here yet. You wonder why it took this long to get it but such is the logic of so called experts.