ARC Resources Ltd T.ARX

world oil down after Putin agrees to talk

[angelnicky]

oil down over 2 dollars
start of a new trend, may start drifting down
but arc will be ok as they have their prices hedged ???????

[Quintessential1]

Nat Gas up over 5%.  I wonder if Arx has any of that:?  You trolls sure do get up early.  Your short position keeping you from sleeping? LOL GLTA Longs

[1condor]

Like I said in my thread yesterday...it just didnt make sense for Putin to start a war. Now we will see how much of a war premium was built into oil. Should be good over the next several days to pick up some cheaper oil and gas stocks.

[Spos01]

I'm ok with picking up cheaper oil. However considering how chummy Putin and China are, my bets are Putin is waiting until after the olympics to do anything. He doesn;t want to steal the limelight from Xi while the games are on-going.  Maybe I'm a fool, but we'll know if a few days.

[1condor]

Spos01...Wednesday was a date for an attack being thrown around a lot in the media yesterday. I suspect if this attack does not occur then oil will take another dive (maybe driving it back down around 85?). Still think Putin is playing a game here (a dangerous one) but as you say we should know soon enough. 

[Quintessential1]

Oil doesn't seem to come down as much as it goes up while he's playing these games so let the big baby saber rattle. But no way should they approve Nordstream 2 as long as Russia continues to be an oligarchy. Any way good for oil good for us, GLTA Longs

[Trapped]

If he attacks, Russia will become the new North Korea. He really doesn't want that and it's a shame but Nordstream is being used as a weapon against European energy security. Of course all of this is a distraction from the real issue when it comes to oil, which will be going to $100 in the near term regardless of the outcome. The high price will drive increased production, but incremental

[Quintessential1]

True dat.  OPEC+ can't meet its current quotas with or without Russia. Just having a quick look at the board and the shorties must be covering as oil has ceased its drop and ARX is rising.  I can't imagine what the catalyst might be otherwise.