Quote Originally Posted by Tellafriend View Post
Quote Originally Posted by Pooh View Post

Because low prices cures low prices. With oil prices so low there has been no investment in new wells coupled with very high depletion rates in existing wells and you have an eventual problem. The eventual is now. Do you follow the inventory report? Down over 40 million barrels since October, when inventories usually increase. The world has an oil supply problem that is coming due very soon.

Regarding ETE, I don't have the money to buy it outright and still own the other holdings. Those options cost me 20k.

They are about to open up the east coast to oil exploration. So, ...
No offense but you're retarded. An energy bear obviously. Please know that offshore oil isn't profitable under $80-90 a barrel. The worm has turned.

Update: Upped SND to 41,500 shares, GENGF to 122k shares. Other positions are the same.