uempel wrote:Early morning the ESH6 was way down and the signal looked great, but pre-opening the ES mini rallied and now the SPX time-signal looks like a dud
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boss, have u considered your signal could have been during overnight?
Ha Ha Ha. Where is Hamm gonna get the greenbacks? Maybe his ex. Deloitte said last week half of all oil related junk bonds are possible defaults. Tech IPO's have halted and the layoffs have started in the Bay area. Credit and stock sales are drying up if you are cash flow negative. Whiting is sitting on what used to be over a million per well ready to start pumping but they are waiting so they must have enough cash for the next round of interest payments. The bankers would call those fracked wells almost as good as pumped oil in storage so it helps their balance sheet for the spring credit line negotiations. I would guess they are waiting for the summer driving season to start pumping.
What kind of production increases will the Iranians have now that up to date technology is available to them? Any reductions in US are offset by Secretary Kerry's deal. So a hockey stick price forecast cant turn up until they top out their production.
Trades with cats wrote:Dallas Fed Survey this morning tweeted by ZeroHedge "Failure rate of companies in the energy industry will start to ramp up materially in 2016"
I only caught the very tail end of the conversation but Tom Keene on this mornings Bloomberg Surveillance had a pretty good guest on. Was stating that like housing oil will take many years (5+) to turn around. That we haven't seen the worst of the storm yet in oil yet. Wish I remembered who it was, but once its up on bberg ill post for anyone interested. I love Keene - super smart and funny if you've never listened.
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