Post by
zadman on Sep 12, 2015 11:54am
joining the party........again
Been successful flipping this one on 2 occasions on the way down. At these prices though, it's time to start thinking longer term and in multiples. Drilling catalysts pending this month. Goldman chiming in crude to 20's is more of a sign of a bottom than a top. Sounds familiar to their crude to 200 call in 2008. I'm guessing like everyone else but I think the bottom in crude is already in. Production is falling. Low prices stimulate more demand, not less. The middle east is coming apart at the seams, they can't handle these prices much longer either.
I bought some canamax at 32 and added more Friday at .295. Will add more in the coming days.
See you back at 60 cents in the not too distant future.
Zad