Oil now at 36 bucks..

If the WTI breaks the $34 psychological barrier we will see Oil in the low $20's in no time.. If not, then it's clear that we'r going straight to the 50's.

the feb/mar spread drops $2 last friday. (probably due to the rollover) Cause the Mar/Apr Spread gain over $3 bucks at the same time.

Im Long some Crack spreads since January 3 (RBOB Crack, Heat Crack and 3-2-1 CRack). I will start buying some refineries like VLO and shell and exxon.

Im also Short the Brent/WTI spread, this spread is to abnormal right now and this eventually will be reflected at the EIA reports soon, and the WTI is fighting very well the magic number ($35) over the last 4-5 weeks.

My Cracks peformance are OK right now, BUT I Took a BIG hit last week with the Natgas/WTI spread.
 
Quote from Dr.Hofmann:

According to Sarah Palin there are very good oil reserves in Alaska, does anybody know if crude is being extracted from Alaskan soil? USA should start taking advantage of those reserves massively and we would be saving some good cash as off shore extraction is so expensive.
More...
===============
Yes she is right,DR;
BP & Phillips ............................................................................. extract it.Most of Prudhoe Bay field is on land,largest field in North America.

Not a stock tip ,but BPT [BP Prudhoe Bay Royalty Trust ]is in IBD top 100 ,JAN,2009:cool:
 
You must log in or register to reply here.
Back
Top