As Harvey gets ready to make another landfall about 60 miles west of me, I’m over here continuing to do research in the oil & gas industry. I spent most of the day gathering up supplies & gasoline should Harvey flood us out, but the latest forecast appears to spare Lafayette.
Houston has a long road ahead, and will likely never be the same. In my opinion, New Orleans still has yet to fully recover from Katrina, and that was 12 years to this date. Things will never be the same.
Back to stocks for a minute. If oil does decide to creep higher, I have my eye on $SLCA, $RDC, $NE, & $ESV. I’m also watching to see if Natural Gas can trade through $3, if we do, you will be best served with a side of $UGAZ.
If the market does indeed continue to squeeze higher, you will want to trade names with high short percentages, as many bears appear to be on the wrong side of the tape. Here’s a look at the latest runner screen inside Exodus:
I’m off to check on my Dad. He refused to leave Houston. He is one of the lucky ones however, no flooding, and still has power. It appears he will be alright.
Here comes Harvey, once again:
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Good luck to you and your dad. Enough is enough.
10 is closed
Glad to hear you guys are doing okay. Take care
Good luck man. I’m not very familiar with NOLA but I’ve heard some say it now looks better than before the storm. Also, heard however, that much of the slummy parts were never rebuilt.
It does look better and yeah a lot of the housing projects were not rebuilt
Godspeed RC – and $SLCA, indeud.
RC – any thoughts on HCLP since you like SLCA? This was an OA pick a while back. Thanks in advance.
Good luck, brother