While cavorting on the Twitter last night, amidst the savages, I posted this seasonal graph of oil/gas exploration stocks, lifted from the second iteration of The PPT, Exodus.
If you’re wondering what some of these names did in 2008, when the lot of you were hoping to get hit by automobiles and die, instead of having to endure the agony of the market each and every day, I bring forth data!
2008 returns (Feb, March, April)
CXO +15.5%, +10.04%, +7.5%
CLR +12.7%, +13.5%, +34.8%
HP +14.1%, +4.5%, +14.5%
This story seems to repeat itself each and every year. Following a nice week of oil gains, most analysts and ‘exBERT’ pundits have soured on crude. Not me.
I shall hold onto shares of SLCA, FMSA, DVN, OXY and PACD until I am rich with profits, bathing in the blood of the very people who commit grave market sins. Those people, all of them, shall be punished in my fires of retribution.
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Be wary of traps.
ODFL I am now a trucker
I rode my oil plays down to the valley of death down 35% on the darkest days but added to positions and now reaping from the reversal. The same energy bonds that dealers were offering out in the millions a few weeks ago have been bought up 5-10 points higher last week with traders actually having a difficult time find some issues.
I am ready for PPT Exodus, but know my role, and will mind my ham & eggs in the meantime.
I’ve brought it up before, but still think there’s something to that Gold/Oil ratio the “Reversion To The Mean” posted last month http://pictorial-guide-to-energy.blogspot.com/2015/01/gold-oil-ratio-at-extreme-level.html
The market always punishes those who think they’ve figured her out. Maximum Pain will rule,
Sometimes max pain rules. But the market doesn’t always have to be fire and brim stone, otherwise we’d never have seasonal data like this.
Oil opens higher. BOOM !!
“Oil is going to 30,” the experts said, covering immediately.
What about Natty? It is due to kick bears out of windows into flaming barrels of garbage. The squeeze is coming.