Badly beaten down. I see this as a higher risk/potential higher reward situation. Process your way. Idea from excellent chart of Alex_Quiroga: www.tradingview.com Credit Suisse gives it a "outperform" with a target of 6 Other: seekingalpha.com
RIG-is looking good for a long play...short-term it is crossing over on the MACD and with US drilling news from the US govt....Offshore RIGS are on the move. I look at this level for 1 and 2 year leaps at this price with targets of 15, 30 and 45 over the next two years. Complete your own assessments and conduct your risk profiles. My chart and plan are my own...
Yesterdays EIA drilling report was bearish suggesting increase in natural gas production. Suppl is rising but demand is seasonally low. It early to rise electricity consumption and summer is going to be relatively cold as well. More info for cofutrading premium subscribers.
Yesterdays EIA drilling report was bearish suggesting increase in natural gas production. Suppl is rising but demand is seasonally low. It early to rise electricity consumption and summer is going to be relatively cold as well. More info for cofutrading premium subscribers.
On April 11, a fresh STEO report comes out, so you should wait for the updated forecast for the oil market from an official source. Conclusions on this report will be published in the blog www.cofutrading.com. But at the moment the situation is as follows: OPEC reduces production, and the US increases it. But along with the growth in production, which is...
Diamond Offshore Drilling broke down the 24 USD level in July and since then the stock has tried to break through this level on the upside for 5 times. However the level proved to be strong resistance. Now the stock is testing this level for the 6th time and there seems to be more strength to the upside. Current risky setup where the stock bounced off the 50 daily...
Guaranteed it's easier to pull offline land drilling oil rigs then it is multi - million dollar offshore oil rigs. This resource was endorsed today by the president, mentioning that oil, will still be a valuable part in our economy. The offshore platforms can also be converted & be utilized for offshore wind projects for renewable energy. I lost count of how many...