It’s good to be an oilman, especially during times such as these. With large reservoirs of light sweet crude flowing freely into the Gulf of Mexico, oilmen everywhere should rejoice, as the price of oil is sure to rip higher due to supply disruptions in the Gulf. Also, might I add, natural gas production will get shut the fuck down soon, offering “unfortunate and exogenous harm” to those who sell short natty stocks.
Despite the “offshore catastrophe,” we should not fear oil rigs near our homes, beaches or even schools. To hell in a hand basket, we need that oil for our shit and I will be damned if we would deny some good Texas tea-men of their God given right to let oil flow freely throughout the Gulf of Mexico.
Fuck your birds and precious ecosystem. I need me some oil.
In other news, Nalco Holding Company [[NLC]] sells the chemical dispersant that is being used to clean up the oil. Be on the lookout for more chemical companies that may play a role in the clean up, like Cytec Industries Inc. [[CYT]] , for they will rip higher.
Finally, it makes sense to buy oil producers that have land exposure only. The offshore variety, much to our chagrin, might come under regulatory scrutiny. Names like SandRidge Energy Inc. [[SD]] and Ultra Petroleum Corp. [[UPL]] and parts makers, like Flotek Industries, Inc. [[FTK]] and Lufkin Industries, Inc. [[LUFK]] , should benefit, as the price of crude rises and onshore production goes up.
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My hob here at an unspecified oil equipment company in texas is in full swing right now. We have been getting notices to put in for vacation time before the fall holidays because production is ramping up! Go oil!
Job not hob
Go oil.
Drill, drill, drill!!!!
It is me, the dr himself. I am le fly when i post from my iphone.
And, you should know, anyone who uses more than 2 exclamation marks is mentally impaired.
Fly,
You know where i work. Check out KEY Energy Services, its whos ordering our equipment.
Don’t forget Anadarko (APC).
WRES is onshore oil&gas and trading with momentum and volume behind it
SPN also breaking out
CLR another one dealing mainly on land
NR, possible oil clean up play, ripping higher. I bought some on Friday.
TRMA still looks good and I added to my CAM position at the open.
What looks so good about TRMA?
“”Despite the “offshore catastrophe,” we should not fear oil rigs near our homes, beaches or even schools””
such small thinking, Fly…maybe not rigs, but huge piles of dead animals – geuss what? Eventually it gets to us….
I am being sarcastic. WAKE THE FUCK UP.
Suck it up or stop driving, pussies.
Think of it this way — now you don’t have to add anything to the pan before sauteeing the shrimp.
_____
Bubba’s Shrimp wins even when it appears to be losing …..
http://www.youtube.com/watch?v=1ytCEuuW2_A
while your on the subject of hurting wildlife.
I havent heard anything out of Sarah FAILins mouth about this spill. Wasnt she the one behind Drill, Baby Drill?
She should go down to the Gulf and help clean it up.
Sarah is too busy now to help the clean up….I think it’s helicopter wolf round up season in Alaska.
I think you should stop driving your car, give up your bus pass and go live in the woods in protest, “Pete.”
Dipshit.
_____
Should is too busy overlooking Siberia.
EIA/DOE stupid weekly data keeps showing that the stupid drillers just won’t stop drilling cuz they are sure that global growth is so strong and they are going to make a fortune in the summer when oil prices start their seasonal highs….with Oil storage tanks on line filled to capacity and Tankers just floating around the world financed by people that they will know they are gonna be rich soon….it’s just another commodity bubble that I throw on the pile with all the others……BP just red herring…or would that be black herring.
It’s curious you should talk about oil tankers floating full. We actually had a discussion in the KoPG back in October or November about trying to model the price decline associated with storing oil. I never really got any good results, but the impression I have is that storing oil is fucking cheap with little consequences to profits for years, so that stored oil can be released in small quantities into the market at convenient intervals.
At any rate, I wouldn’t factor it into your planning much.
I’m new to Icoin so I didn’t read your analysis….will try to look for it after the close. Fly in article appears to be discussing a lack of Oil as an issue, I am pointing out that there is a very high level of the stuff out there…..for storing Oil, not that cheap, there is always a break even point that could start to panic them if futures turn on them….but I will keep an open mind and look forward in reading your stuff.
Which reminds me, I really need to go back and try and figure out that break point ala 2008….unless you already did in your models?
No, the model has not been incorporated with data. The point was only that the storage cost was low and so the stored oil holds its value over a long interval of time. There doesn’t appear to be a point in the near term where oil has to be taken to market to avoid realizing a loss.
I’m willing to bet the present atmosphere creates a run up in prices from speculators alone.
Shanghai may disagree….btw, I am going to work up a model, or just be lazy and ask Dan D where is the tipping point in the futures….will be interesting.
Are Dr. Fly and Le Fly the same person? I wouldn’t expect the real fly to resort to egregious amounts of exclamation points…
this market feels heavier than my kids diaper after eating 2 huge bowls of oatmeal with chopped bananas and 3 splashes of 1/2 & 1/2
Is Le Fly, Dr Fly and Fly the same person?
Can’t you tell by the content of the posts they are all from the same “Fly” you stupid camel fucker!
thoroughly confused. time for 3 more energy drinks mixed with carrot-parsley-spinach juice
Hello sirs-
I have come this day to collect my allotment of points. If you please, i will take 40 of them, preferably in one sitting.
I do realize I was given extra points Friday, but that in no way invalidates your responsibility to provide today’s dole.
Thanks you
Hope you’re happy ……
By the way, I opened a JAH position this morning, only to subsequently have it remove one of my testicles by force.
sold yesterday’s infusion of JASO at $6.60, 8% overnight gain. Stopped out HAL $31.30 yesterday, another hour, another dollar haircut… twice in one day for scalping HAL.
And. looking to scalp HAL again today, Reloaded at $29.90.
Sumbitch will be bald by the time I’m finished with him.
FSYS getting it’s balls removed and stuffed in the corn hole.
and, nibbling at BTU $45.25. Playing the slow roll here.