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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

Markets Set to Explode With Glory to the Upside — Oil Leads the Way

Dr. Fly Fri Apr 12, 2019 8:42am EST 3 Comments

I am going to try to get through this post without delving off into unnecessary prose and just give you the flat unvarnished facts.

CVX for APC with a 35% kicked. Massive news for the oil patch. This is a deal valued at $33b. Big oil does not invest like this, lest they feel strongly about present pricing for WTI. On that note, WTI is higher by another 1.4% this morning, edging towards $65. Trust me when I tell you — get long the frackers — SLCA, EMES, TUSK, FRAC, SND, HCLP etc.

Both JP Morgan and WFC are up sharply on better than expected results.

Lastly, and this goes without saying, markets do not drop on Friday’s.

Happy trading.

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3 comments

  1. henceforth
    henceforth
    April 12, 2019 at 9:21 am

    I like PXD and CXO on this news

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. edge
    edge
    April 12, 2019 at 9:47 am

    With glory. GUSH up 12%. I was waiting for a pop to go all-in, glad I bought half early. Still, it’s not too late. Long way to run.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. it is showtime
    it is showtime
    April 12, 2019 at 9:53 am

    Hey market makers

    it’s called a blowoff

    fantasy vs reality

    Bears love it

    • 0
    • 0
    • 0 Deem this to be "Fake News"

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