RE:RE:RE:Eric Nuttallwow...watched this latest Nuttall appearance and noted that Eric had a more sobering view this time for BOTH oil and gas pricing. Dropping demand for oil is REAL and once again, MASSIVE nat gas overproduction ie supply is hurting natural gas. He in fact pointed out that cdn nat gas producers will be facing NEGATIVE AECO pricing in the weeks ahead (i'm assuming because CDN storage will be completely filled by then). His call again was that the paper oil traders are THE MOST BEARISH IN RECENT HISTORY even thou worldwide inventories are at their lowest in this same time frame-problem is the paper oil trading is 100x larger than physical oil markets and thus this is what is driving oil prices lower. I thought i heard his fair numbers were $75 WTI and $3.50 nat gas based on fundamentals..RIGHT NOW, THOU, THIS IS JUST NOT REALITY...again, so blame this on the small group of criminal "shotcallers" for the state we're in...looks like tough sledding ahead if we can't hold $70 WTI...dwdc
PS oil now up a $1.50 today and is back above $70 WTI. This brings the bounce above $5 since oil touched $65 last week and in that time the criminal shot callers are STILL selling oil stocks like CVE having briefly gone negative AGAIN today , in CVE's case back below $22...the band is stretching on this NET NEGATIVE bear position by financial oil traders and i hope they get burned HUGE on a position reverse. Meanwhile, the oils stocks are in SELL mode until this happens and if you want proof thtat these criminal shot callers are in charge with their AI computer generated programed trading just do an overlay of CVE, BTE and VRN - all 3 slightly up on the opening and then around 09.45 they all get hammered down into the red to put a lid on any break-out ...