Post by
kavern23 on Feb 15, 2022 10:44am
EIA report
I kinda expected something would happen to drop oil below 95 today as if oil didnt drop today....it may have tested 100 tomorrow on the EIA report.
EIA report is likely very bullish for oil tomorrow. Last EIA report that will be crazy bullish for awhile
But if that report misses tomorrow...87-88 oil fast.
This crazy volitilty makes it easier to sit on sidelines....unless something get's crzy cheap.
Comment by
Kramerkarma on Feb 15, 2022 12:46pm
yea the EIA according to hfir looks bullish. And your correct on NGL growth. thats better for natty as thoes btu are stripped. But natty never had a supply problem. I'm keeping my stick on the ice. Stockhouse doesn't effect share price. And we were $29 per share equivalent in 2014... don't forget. Even at 70 we are a $18 company. Volatility above 85 is normal. Just my thoughts.
Comment by
kavern23 on Feb 15, 2022 4:06pm
The api forecast is for a draw of 1.71m barrels....at 2:30 we will find out. Not surpising oil closed at 92....either 94-95 tomorrow or 90 get's tested...... going swingy