Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Not overly concerned about the drop in oil, at this point
We'll probably see the so-called "Santa Claus Rally" again this year which will likely take the index to another all-time closing high during the final week of trading...
From 1950 to 2013, the second half of December has gone up 79% of those years. I like those odds and I hope we see a strong Santa Claus rally now that many weak hands have sold off. We are nearing a potential support level. I would love to see it find support around the 50 day or 100 day moving averages.
From 1950 to 2013, the second half of December has gone up 79% of those years. I like those odds and I hope we see a strong Santa Claus rally now that many weak hands have sold off. We are nearing a potential support level. I would love to see it find support around the 50 day or 100 day moving averages.
If January ends positive, 90% chance the year belongs to the bulls.
Oil will effect many other areas of the economy; some positive from lower prices ;others negative as they lose a lot of demand for product. or services they deal in. The oil and gas small producers harmed because they do not have down stream to hedge the up stream losses.
Oil will effect many other areas of the economy; some positive from lower prices ;others negative as they lose a lot of demand for product. or services they deal in. The oil and gas small producers harmed because they do not have down stream to hedge the up stream losses.
So if it were me, I would focus on the large corporations if their share prices drop to a nice price.
In the event of an extended period of low prices, the little fish will get bought up by the big ones or shutter.
So if it were me, I would focus on the large corporations if their share prices drop to a nice price.
In the event of an extended period of low prices, the little fish will get bought up by the big ones or shutter.
Agreed, XOM and BP, CVX too. I will also restate that I like midstream NG pipeline MLPS, NLGS and OKS. They've been thrown out with the oil bath water irrationally, and both managements have either affirmed or raised 2015 guidance. At current depressed pricing, they are both yielding 7% plus.
Agreed, XOM and BP, CVX too. I will also restate that I like midstream NG pipeline MLPS, NLGS and OKS. They've been thrown out with the oil bath water irrationally, and both managements have either affirmed or raised 2015 guidance. At current depressed pricing, they are both yielding 7% plus.
Any thoughts on KMI? I'm a buyer if it goes below 38.
Any thoughts on KMI? I'm a buyer if it goes below 38.
Great company, but they haven't really been hit like some of the others. Still, with a long term view $38 looks like a decent entry point. Nice solid yield too. I'm still ticked at them for taking out EPB though!
Last edited by treasurekidd; 12-14-2014 at 09:09 AM..
Great company, but they haven't really been hit like some of the others. Still, with a long term view $38 looks like a decent entry point. Nice solid yield too. I'm still ticked at them for taking out EPB though!
I've had my eye on KMI for a few months now ever since they had their consolidation. I'm starting to get an itchy trigger finger.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
