Time to buy oillllll.....
- Thread starter Port1385
- Start date
I have slowly been getting long oil last week. I gave back a lot of profit from when I first entered oil at 125 or so. I rode it up and rode it back down, booked a small profit.
I am in the Oil Business. Private Equity that raises money for Domestic Drilling of Oil and Gas Wells. We are going nuts.....booked a 14 million dollar profit for the first quarter. My firm is small, only 10 Private Equity Guys raising money for Industry Deals.
We are closing funding deals faster, rasing 2.2 million in less than a week and now, in the mist of another Funding Project. (Keep in mind that the Oil Companies put up most of the funding. I aquire 17 to 20 Shares per deal to raise capital.)
Oil is not going to stay at these current levels. This is a pullback, much needed. If you think the "GEO POLITCAL" enviorment will not play a factor, your crazy. Something will happen to cause oil to spike, be it the dollar, flight to quality, or some other situation not expected.
We will be drilling more and more domestically. But it will take a decade to become independent.
Im on the same page as Boon. He has his "Motives" behind his Wind Energy. However, Gas and Oil will be one of the most profitable places to be in the next century. Period.
XOM, 14 Billion in one quarter....hummmm
I am in the Oil Business. Private Equity that raises money for Domestic Drilling of Oil and Gas Wells. We are going nuts.....booked a 14 million dollar profit for the first quarter. My firm is small, only 10 Private Equity Guys raising money for Industry Deals.
We are closing funding deals faster, rasing 2.2 million in less than a week and now, in the mist of another Funding Project. (Keep in mind that the Oil Companies put up most of the funding. I aquire 17 to 20 Shares per deal to raise capital.)
Oil is not going to stay at these current levels. This is a pullback, much needed. If you think the "GEO POLITCAL" enviorment will not play a factor, your crazy. Something will happen to cause oil to spike, be it the dollar, flight to quality, or some other situation not expected.
We will be drilling more and more domestically. But it will take a decade to become independent.
Im on the same page as Boon. He has his "Motives" behind his Wind Energy. However, Gas and Oil will be one of the most profitable places to be in the next century. Period.
XOM, 14 Billion in one quarter....hummmm
What kind of technical analysis is that? Drawing it to make it look like an uptrend channel is completely wrong.
Oil is not going to bounce here. You got to be a fool to buy it at $115's.
Oil is not going to bounce here. You got to be a fool to buy it at $115's.
I agree with the OP. I see the USD climbing hard, but oil bounced off 113 and rallied to 115 on friday. I think that crude is going to re-test 125-135 within the next 3 weeks. Oil can't just go to 140 then crash. If you understand anything, you will see this trend resume very soon. Crude is the new currency. Now that the Euro is no longer an alternative to the USD, where do you think liquidity is going, gold? lol. Who needs gold? You have to have Crude to fuel the world, no one cares about gold anymore. I could do without jewelry, but I do need gasoline for my vehicle.
Enough said.
Enough said.