Monday, March 12, 2012

Random Idle Comment for Investors

I was surprised how well the share prices of many oil and gas companies held up today despite oil dropping a buck/bbl.

Futures don't mean squat, but it is interesting that futures right now show a nice opening on the NYSE tomorrow, and oil is trending up.

It is interesting to compare 1Q11 WTI prices with this quarter, 1Q12. I may be way off, but I'm seeing almost $5 - $10/bbl higher for the entire quarter. That's not trivial.
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2 comments:

  1. AnonymousMarch 13, 2012 at 12:03 AM

    Anadarko (new oil field in Haynesville area) and Chevron investment days Tuesday.

    anon 1

    ReplyDelete
  2. AnonymousMarch 13, 2012 at 12:27 AM

    http://www.vindy.com/news/2012/mar/11/inside-look-drilling/

    anon 1

    ReplyDelete

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