http://money.cnn.com/2016/01/12/investing/oil-prices-below-30/index.html

I've seen analysts put a PT of $20 to $16 

There goes more jobs in and around this area. I like paying less for gasoline but hate that so many of my friends will be unemployed because of this.

Glad I'm out of that market now. 

I've seen analysts put a PT of $20 to $16



Life is good! 

I did not believe this when first predicted, but now I know who to watch and who not to watch. (investmentwise)

I am also glad to be out. I feel freeer than I have in 15 years. 

I feel freeer than I have in 15 years.

Me too Mulchie! A lot less stress. I have absolutely nothing with the oil and gas industry in my portfolio and plan on keeping it that way.

It is about to get real serious for the folks involved in the oil and gas industry and my most sincere thoughts and prayers going out to those still involved in it. 

WTI @ 30 is a buying opportunity.
Buy low, sell high. Might have to
hold 24-36 months.
VDE
XOP 

The entire market is a buyers market. Forget O&G, the market is coupled to it, but is slowly becoming decoupled as new energy shifts start to dominate. Don't be left behind. 

my 2 cents.

Short term events, E&P reductions for high priced oil ( arctic - esp Kara Sea), deep sea, etc.

Lots of M&A activity in the US sector, heavily levered small producers bought up by stronger balance sheets.

US domestic production to go sideways at current levels, but no significant reductions.

Long Term - over 2 years. normal increases in energy demand (2-3% yr) accumulate into supply tightening after inventories and drawn down. The missing tranche of high priced crude causes prices to spike, speculators see price rise and drive up future prices, and users store oil in a contango market, all strengthening the price.

$100/bbls oil in 2018 give or take 

as new energy shifts start to dominate

LOL 

as new energy shifts start to dominate

What new energy shifts? 

Oil needs a weaker dollar and strong growth in China.
Lower WTI is good for oil bulls 18-24 months. I see WTI at 20-25 first half of 2016.
2017 trading between 45-55. $55 would be 77% increase from today's price of 31.
Two ETFs I will be buying first quarter are: VDE & XOP
Buying VLO today. 

What new energy shifts?

Ignorance at its finest. Ignorance doesn't make something true Emp. Alternative energy, less consumption of gasoline, and carbon emission reduction are here to stay. Like it or not. 

Ignorance is not being able to explain what "energy shifts" are. 

The rapid growth of solar, wind, and the commoditization of electric vehicles. Not sure how many times you want me to repeat this. 

I got gas today at $1.09/gal 

Alternatives represent about 1% of energy consumption. Name one energy source that produces the same BTU per dollar as oil? 

I got gas today at $1.09/gal

I got gas today as well but it was from the chili (with beans) I cooked last night! LOLO

(You had to know that was coming!) haha 

(You had to know that was coming!) haha


I would expect no less...lol