Oil arbitrage

Total nonsense. I predicted on the FXlive forum a month ago that market players would get paid to buy oil. Adam Button agreed and put up a lengthy post. Today that exactly happened.

  • Bakken UHC $2.36/barrel
  • Alaska North Slope $1.86/barrel
  • WTI Midland $14.11/barrel
  • Edmonton mixed sweet -$0.43/barrel
  • Edmonton C5 condensate -$4.68/barrel
Anyone who predicted a month ago that oil prices would be above 30 a month forward was a total fool.

S2007S said:
The charts????

Umm nope, not one person predicted 10 oil!! If you had predicted 10 oil even a month ago you would have looked at like a fool!!


So what is the chart saying now "after the fact"?
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S2007S said:
I know you are looking at the futures, so then what is the price of a barrel??? Its not $10 a barrel?
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I have oil refinery stocks and it is green. I assume refineries get filled and people already buying a cheap oil.
 
1957may10 said:
Mine now flipped to flat, but it gives now 20% dividend therefore I hold it not for the price improvement.
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Dividends will be completely cut as bankruptcy runs wild through this sector. Hundreds of thousands jobs will be lost as well!!
 
S2007S said:
Dividends will be completely cut as bankruptcy runs wild through this sector. Hundreds of thousands jobs will be lost as well!!
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Yes, so far I was getting 12% every quarter for long time. Now I’m to close to sell, hope it climbs up and I sell.
And remember it’s oil refineries not oil producers. So far today it holds its value.
 
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