These guys support the oil industry. I'm not a huge fan of the oil companies or the refineries. But as oil companies increase their exploration, service companies like Schlumberger and Halliburton will be the beneficiaries.
I believe the title says it all. i said in an earlier post for OIH that oil would come back. light sweet crude is back over 60/barrel. i'd say we're going to see 70 again before the summer. OIH price target of 150/share with other energy shares following the momentum of oil. look for buying opportunities on weakness, now is an excellent time to do so.
i'm sure at this point many speculators will see that the price of oil will either better 60, or draw back quite a bit. i'd bet that for the short term oil will correct a little and continue along it's uptrend. this will be in a concerted effort when the markets correct. i'll be looking into DVN. oil is a little overdue for a correction, i'd make a bet that it will very soon. if not, pay attention to your own disciplines!
Are you trying to parody yourself?…
If you want to call tops everywhere, you better study the current state of production-ready technology and not jump at every press-release from pie-in-the-sky Ivory Tower boffins.
Since August, the price of oil has gone from around $120 (high of $147) to it’s current price of about $70. The Oil Ser
Financial Select Sector (NYSE: XLF) closed at $13.69. XLF October option implied volatility is at 175, November is at 123; above its 26-week average of 41 according to Track Data, suggesting larger price fluctuations.
SPDR Gold Trust (NYSE: GLD) closed at $89.90. Gold is recently up 3.99% to $921.90 according to Bloomberg. GLD October option implied volatility is at 62, November is at 53; above its 20-week average of 30 according to Track Data, suggesting price movement.
Oil Services Holders (NYSE: OIH) closed at $97.60. Crude oil futures are recently down 4.98% to $82.2
Financial Select Sector (NYSE: XLF) closed at $13.69. XLF October option implied volatility is at 175, November is at 123; above its 26-week average of 41 according to Track Data, suggesting larger price fluctuations.
SPDR Gold Trust (NYSE: GLD) closed at $89.90. Gold is recently up 3.99% to $921.90 according to Bloomberg. GLD October option implied volatility is at 62, November is at 53; above its 20-week average of 30 according to Track Data, suggesting price movement.
Oil Services Holders (NYSE: OIH) closed at $97.60. Crude oil futures are recently down 4.98% to $82.2
Financial Select Sector (NYSE: XLF) is recently trading at $19.50 in pre-open trading, below its close of $21.15 Friday. XLF September straddle is at $1.90, October is at $3.59. XLF September option implied volatility is at 100; October is at 66 above its 26-week average of 38 according to Track Data, suggesting larger price fluctuations.
Oil Services Holders (NYSE: OIH) is recently trading at $157.80 in pre-open trading, below its close of $164.21 Friday. Crude oil futures are recently down 5.51% to $95.60 according to Track Data. OIH holdings include BHI, BJS, DO, ESV,
I am the Global Editor at MoneyShow.com and each week I interview an investing expert. This week, I spoke with Sam Hopkins, editor of Energy and Capital, who despite the recent sell-off in energy, sees potential in energy.
Q. Sam, in a recent piece on the Russia/Georgia conflict, you cautioned your subscribers to watch their Russian shares closely, but to hold onto their energy shares. Would you expand on that advice?
A. Well, we see a mix of geopolitical risk and opportunity in the flare-up between Russia and Georgia. Ironically, the opportunity for energy investors...
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