Updates delayed and Oil stocks
For the next 2 weeks, I will be unable to post the weekly updates. Sorry.
Oil stocks will be temporarily soft as we transition to the colder winter months. The oil equipment and services stocks are not affected by a few dollars of gyration in oil prices - the under supply in equipment is too serious.
But the market tends to react as if there is. Look at any dips as a great buying opportunity.
Oil stocks will be temporarily soft as we transition to the colder winter months. The oil equipment and services stocks are not affected by a few dollars of gyration in oil prices - the under supply in equipment is too serious.
But the market tends to react as if there is. Look at any dips as a great buying opportunity.
posted by Andrew at
9:15 AM
2 Comments:
Andrew, I too believed in buy-at-dip for the gas-equipment stocks and ended up snapping TTI at 24.4, only to see it crash to 22.8! I am willing to be patient until the next earnings, but was wondering if you have any insights. I dont see any particularly bad news -- but for the fact that oil prices in general are falling and the inventory levels are not a matter of concern (FOR NOW!). Thanks :)
But it's back to $24!
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