Post by
downwithdotcom1 on Aug 26, 2024 11:19am
oil stocks not participating in oils rally YET AGAIN!!!
at one point, oil up 4% and is still up 3% yet most oil plays didn't even reach this plateau and in fact are falling back ONCE AGAIN ala BTE falling back to sub $5...what happened to those days as a step jump in actual oil prices would cause even a larger jump in oil stocks as this was deemed all profit going to the bottom line??? Its the ALGOS built into computerized trading programs destroying these attemped break-outs time and time again...who's doing this??? Criminal gangs use SHOT CALLERS for direction and they do their work often from prison...not sure there is that much different when trading in commoditees...thoughts??? dwdc
Comment by
Marty47 on Aug 26, 2024 11:36am
It really doesn't matter , as long you get the wti up , you know they increase fcf more buybacks and downs payment of the debts , I better like wti at 80$ with Baytex at 5$ than wti at 73$ and Baytex at 5$ it's a matter of time , the baby is not yet ready to pop , contractions have not even start yet lol
Comment by
robert41 on Aug 26, 2024 11:39am
It's also confidence... the market needs oil to be steady price shocks mean nothing especially given the only last a couple of days. Investors are too smart for that. The Middle East is not a threat no one goes after and of the oil production.. Ukraine seems to have the balls to go after Putin pocket but no one else does.
Comment by
downwithdotcom1 on Aug 28, 2024 11:02am
this is the commentary for today's dip in oil pricing...REALLY??? the shotcallers are truely in charge and it has nothing to do with actual demand/supply data........see below...dwdc "traders were torn between supply worries amid Libya’s production shutdown, and demand suspicions on lower refining margins"