Ann: Monthly Drilling Report - February 2015, page-41

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  1. 12,929 Posts.
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    All of em r about to go north for a change: STO to $8, ORG $12-13 and SXY 40c-50c with POO on the march in April as the weather gets hotter and the cars get back in force after the snow on the East Coast.
    The brokers, Citi, GS, UBS and so on r getting a little more bullish on POO in US.
    The low US hiring in the mid-West and everywhere else should keep Fed rates on hold rather than a rise mid-year with demand for oil increasing as the rate rise is pushed back.
    Inventory might go down quite a bit with quite a bit of shale taken off the table according to reports
    http://www.*.com/columns/oil-and-ga...uction-and-why-this-is-so-important-5505.html
    Last edited by JCoure: 07/04/15
 
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