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  • Crude Oil Inventories: I Can Tango, Can You? [View article]
    Yes,
    The integrated oils could do well in this environment - they have quite a few options for product now -- they can store it and play the contago or crack it into gas---the gas crack spread is back to positive after spending Oct-Dec in negative territory. Also those companies with retail outlets should benefit from low input prices and sticky retail prices - I know prices at the gas stations around me have not fallen as fast as oil and RBOB on the NYMEX.


    On Jan 08 12:05 PM mc2406 wrote:

    > Sounds like integrated oil company 4Q '09 or 1Q '10 earnings should
    > be winners, so mid '09 stock prices should rise in anticipation?
    Jan 08 13:21 pm |Rating: 0 0 |Link to Comment
  • Crude Oil Inventories: I Can Tango, Can You? [View article]

    I think HAL and other other oil service names have caught the same bid the market has in the last few weeks---i.e. anticipation of a 2nd half '09 economic recovery. That perception appears to be faltering and likely will take HAL with it.

    There could be an argument made that since Brent is trading well above WTI, that there may be some incentive to drill for more Brent....but i think that is really a stretch.

    On Jan 08 10:03 AM Clearlead wrote:

    > yet while USO goes down, the Oil stocks go up (e.g., HAL) ???? huh?
    Jan 08 13:15 pm |Rating: 0 0 |Link to Comment
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