Seeking Alpha
  • TruffelPig
    What is wrong with oil service stocks today? BAS and CJES under pressure.....yesterday too.
    1/12/12
    Reply (11)
    • tashe: IEZ and RES also. Don't belive oil will hold. Could be wrong.
      1/12/12
    • TruffelPig: I am just glad that after the rise on Monday I reduced my BAS position 66%. I will use a pull back to buy lower again :).
      1/12/12
    • Hillbilly Stock Star: Nat/Gas so low may have to stop drilling? Somebody better figure out soon!
      1/12/12
    • bigazul: I'm thinking there's EPA gossip going around above our heads. With the Iran and Nigeria crap, these things should be flying.
      1/12/12
    • Cherry Picker: Nat gas hitting new lows and many producers unable to make profit at current price. Drilling being suspended and new projects put on hold.
      1/12/12
    • TruffelPig: The nat gas makes sense to me since they also frack nat gas fields, not just oil.
      1/12/12
    • TruffelPig: The gas price is like dropping to nothing......
      1/12/12
    • bigazul: Ya, but... most of the new production is oil or oil equivalents.
      1/12/12
    • TruffelPig: It is probably a combination of the two. Many oil companies have to wait for quite some time to get a well fracked.
      1/12/12
    • TruffelPig: But yes, I can smell EPA on the sector. I sold quite some oil and took profit for that reason.
      1/12/12
    • Cherry Picker: Oil equivalents means nothing. You can't power your car with gas if it hasn't been converted. 6,000 cubic feet of nat gas is still nat gas.
      1/12/12