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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (94565)12/1/2016 11:09:47 AM
From: robert b furman1 Recommendation

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toccodolce

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Hi Bill,

Yes can you please make the a reverse BK.

I'm very leery about Opec and their commitment to reduce crude production.

Perhaps there is honor among thieves, but I think they are a pack of cheatin SOB's.

When just words can boost oil 15-20 % in two days then just words can break the run up as well.

I bought some KMI , ESV, and RIG during this years long decline (told myself it was a buy - put it in a drawer and forgetaboutit).

Which I have done - this pop made me remember them and that's nice - I just don't trust it.

I guess I should though - as the decline below production costs was a manipulated market intended to cripple our shale industry.

The USA will now become the swing producer as shale efficiencies have made many of the shale fields profitable.

Think of the billions that will be retained with in the USA with just royalties vs buying crude from the Arabs or Persians - has to have huge long term positive impact on the USA.

Good to hear from you - Thanks for the shout out!!

Bob
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