Philthy35,
It is a filthy market on a filthy rainy no golf day. Makes me glad I did not take out a mortgage a year ago at 34 cents. Although 3 months ago at 51 cents I was smiling. Would love to get one now .
SXY has good oil hedging and a big future in gas. But it is what it is and once the margin guys get called, it turns into carnage.
Remerez,
Trump really played the Saudi's . Got them to open the taps in preparation for strict oil sanctions against Iran....and then gave Iran a waiver for 6 months!! So we have a temporary 'supply glut' . Wait for the knife to rest on the floor and then load up.
Fortunately SXY is a growth company looking to quadruple its production over the next few years. Oil will bounce strongly in April next year...I hope. ....And gas looks really good for a long time. Consumption is surging worldwide.
2019 should be a big year for Senex....2020 certainly will be.
Merry Christmas to all.
Philthy35, It is a filthy market on a filthy rainy no golf day....
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