Post by
orlandofl on May 24, 2017 9:14am
nothing to really talk about right now
eia coming out should be better than api
opec meeting - if just an extension, I don't know how much that will impact oil price
deeper cut may get us to $55 - I don't know that the extension does anything other than keep oil between $50 and $55
pwt can hang in there and if oil goes up it could move up nicely and grow production, but I don't know if we'll see enough action to get oil prices higher - a bit discouraged on how the Canadian oil stocks have traded.
PWT relatively flat, cpg, vet and some others have performed poorly as of late.
it would be nice to see some buying, but the market looks very out of favor - would love to see it change, but after a few years of this maybe we are in a 5+ year recovery mode