Beendare
WKR
You guys jumping in and out are gutsy....this thing is volatile as heck. Up this AM...then closed flat. Looks like short covering...and short squeezes.
I was looking at energy space....but I think I'm going to stick with watching big integrated- Exxon, Chevron ....every other sector of oil is a disaster. The shale guys are toast...Oil in the isolated areas is ridiculously low and the pipeline MLP's are sucking bad.
I saw where the tanker prices went from $250,000 a load....down to $20,000 when the Saudis started playing games and then the price bounced back up to $300,000/load.
Thats just gambling there.....but of course the more risk you take on.......the more reward.
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I was looking at energy space....but I think I'm going to stick with watching big integrated- Exxon, Chevron ....every other sector of oil is a disaster. The shale guys are toast...Oil in the isolated areas is ridiculously low and the pipeline MLP's are sucking bad.
I saw where the tanker prices went from $250,000 a load....down to $20,000 when the Saudis started playing games and then the price bounced back up to $300,000/load.
Thats just gambling there.....but of course the more risk you take on.......the more reward.
_____