Oil Prices Hit $80 pbl

[XM911E3]

Hi, I need help to clarify something about the raising oil prices. Oil prices keeps going up everyday till at this moment it's about $78.70.

1) Why oil drilling and exploration companies like" RIG, GSF, DO " stock prices seems to drop instead of going up? Please help !!!

 

[Murray Ruggiero]

Quote from XM911E3:

Hi, I need help to clarify something about the raising oil prices. Oil prices keeps going up everyday till at this moment it's about $78.70.

1) Why oil drilling and exploration companies like" RIG, GSF, DO " stock prices seems to drop instead of going up? Please help !!!

Drilling companies lead oil prices, You can even use S&P500 oil groups with drillers and refiners and create a simple intermarket divergence system. Please look at this link

http://elitetrader.com/vb/showthread.php?s=&threadid=72664&highlight=Crude+intermarket

This is a thread on intermarket analysis and oil I did about a year ago.