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Energy XXI
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http://www.saltycajun.com/forum/showthread.php?t=61965)
| bluewing |
10-08-2015 08:15 PM |
Energy XXI
EXXI could double with the oil price going up.
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| redaddiction |
10-08-2015 08:33 PM |
Quote:
Originally Posted by bluewing
(Post 775341)
EXXI could double with the oil price going up.
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Could?? It already doubled in the last 5 days!
I'm missed the boat on Stone Energy also. Another double in a week. |
| B-Stealth |
10-08-2015 08:46 PM |
Do you honestly think the Russians and the Turban's are gonna let oil come back up?
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| bjhooper82 |
10-08-2015 09:08 PM |
Quote:
Originally Posted by bluewing
(Post 775341)
EXXI could double with the oil price going up.
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Not trying to hijack your thread but I've looked at your avatar many times and can't figure out what the hell it is!! I can tell it's a trout in a net but what is all the other stuff?? |
| Lake Chuck Duck |
10-08-2015 09:34 PM |
Quote:
Originally Posted by bjhooper82
(Post 775347)
Not trying to hijack your thread but I've looked at your avatar many times and can't figure out what the hell it is!! I can tell it's a trout in a net but what is all the other stuff??
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Its a dog |
| Armand16 |
10-08-2015 10:40 PM |
Quote:
Originally Posted by B-Stealth
(Post 775346)
Do you honestly think the Russians and the Turban's are gonna let oil come back up?
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Why wouldn't Russia want the price of oil to rise?
Sent from my iPhone using Tapatalk |
| B-Stealth |
10-08-2015 11:02 PM |
Quote:
Originally Posted by Armand16
(Post 775357)
Why wouldn't Russia want the price of oil to rise?
Sent from my iPhone using Tapatalk
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Russia would love higher prices; but I think they will continue to flood the market with record production numbers because they have nothing else going for them.
It sounds like the Turbans might be hurting a little; but I don't think there done bleeding out the competition.
What's your thoughts? I know you do this for a living. |
| Armand16 |
10-09-2015 10:25 AM |
Quote:
Originally Posted by B-Stealth
(Post 775358)
Russia would love higher prices; but I think they will continue to flood the market with record production numbers because they have nothing else going for them.
It sounds like the Turbans might be hurting a little; but I don't think there done bleeding out the competition.
What's your thoughts? I know you do this for a living.
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I agree. I think they both understimated the price and time it would take to drive out competition and overestimated Asia demand. I'd like to think they would try to get the most for their limited commidity but I guess when thats all you have theres no other choice.
Looking at fundamentals over technicals, I also agree the oil rally will not last. The oil glut is now being sustained by production outside the US. |
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