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Forums59
Topics1,039,336
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Dec 30th, 2023
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 $70
#12747206
05/08/18 08:30 AM
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Joined: Nov 2016
Posts: 582
FXfromTx
OP
Pro Angler
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OP
Pro Angler
Joined: Nov 2016
Posts: 582 |
I'm surprised this hasn't been posted yet. WTI closed above $70 yesterday for the first time since November 2014. Up 52% in the last year. 
"The fishing was good; it was the catching that was bad."
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Re: $70
[Re: FXfromTx]
#12747229
05/08/18 10:46 AM
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Joined: Mar 2015
Posts: 5,413
TCK73
TFF Celebrity
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TFF Celebrity
Joined: Mar 2015
Posts: 5,413 |
I saw that yesterday, love it!
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Re: $70
[Re: FXfromTx]
#12747294
05/08/18 12:39 PM
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Joined: Oct 2005
Posts: 85,945
John175☮
MACHO MAN
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MACHO MAN
Joined: Oct 2005
Posts: 85,945 |
Stress in the middle east.
“Do not pray for easier lives. Pray to be stronger men.†-JFK
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Re: $70
[Re: FXfromTx]
#12747311
05/08/18 12:49 PM
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Joined: Oct 2006
Posts: 95,564
Bigbob_FTW
Big Sprocket Bob
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Big Sprocket Bob
Joined: Oct 2006
Posts: 95,564 |
our plants are full of work.
![[Linked Image]](https://texasfishingforum.com/forums/pics/usergals/2017/07/full-20284-169975-biyl8lail.jpg) ![[Linked Image]](https://texasfishingforum.com/forums/pics/usergals/2017/07/full-20284-169974-image_preview.jpg) FJB
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Re: $70
[Re: FXfromTx]
#12747317
05/08/18 12:54 PM
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Joined: Dec 2004
Posts: 4,946
joebass2
TFF Team Angler
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TFF Team Angler
Joined: Dec 2004
Posts: 4,946 |
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Re: $70
[Re: FXfromTx]
#12747324
05/08/18 01:00 PM
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Joined: Jul 2006
Posts: 49,432
RATZ
Activity Coordinator
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Activity Coordinator
Joined: Jul 2006
Posts: 49,432 |
Now if it just stay there I think everyone would be happy. Gas is still affordable, and the pumps are pumping. So much drilling now my BIL has gone to WV to do some perforating there.
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Re: $70
[Re: FXfromTx]
#12747351
05/08/18 01:23 PM
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Joined: Apr 2008
Posts: 41,035
CCTX
mapquest
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mapquest
Joined: Apr 2008
Posts: 41,035 |
Yep, this is the sweet spot.
If it gets higher, costs of construction, material costs of suburban expansion, cost of commutes to work go up and there's contraction.
Cyclical.
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Re: $70
[Re: FXfromTx]
#12747364
05/08/18 01:29 PM
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Joined: May 2002
Posts: 5,737
JCG57
TFF Celebrity
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TFF Celebrity
Joined: May 2002
Posts: 5,737 |
About to put my deceased FIL's house on the market in Monahans and already getting unsolicited offers - hot, oil-driven housing market!
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Re: $70
[Re: FXfromTx]
#12747380
05/08/18 01:38 PM
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Joined: Oct 2010
Posts: 14,703
Frenzy
TFF Guru
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TFF Guru
Joined: Oct 2010
Posts: 14,703 |
It'll drop if Trump isn't tough on Iran today.
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Re: $70
[Re: FXfromTx]
#12747463
05/08/18 02:43 PM
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Joined: Jan 2009
Posts: 50,043
fouzman
Methuselah
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Methuselah
Joined: Jan 2009
Posts: 50,043 |
Sounds great, but Permian crude is trading $15 off the benchmark. Not enough takeaway capacity. Still profitable for the producers, though.
"Things turn out best for those who make the best of the way things turn out" - Zachary Troy Schrah - a young man with vision far beyond his years.
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Re: $70
[Re: Frenzy]
#12747465
05/08/18 02:44 PM
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Joined: Jan 2009
Posts: 50,043
fouzman
Methuselah
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Methuselah
Joined: Jan 2009
Posts: 50,043 |
It'll drop if Trump isn't tough on Iran today. Most of that sell-off came post close and in overnight trading. Buy the rumor, sell the fact. I agree it will drop some more, but most of it has already been priced in.
"Things turn out best for those who make the best of the way things turn out" - Zachary Troy Schrah - a young man with vision far beyond his years.
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Re: $70
[Re: FXfromTx]
#12747511
05/08/18 03:11 PM
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Joined: Jan 2009
Posts: 50,043
fouzman
Methuselah
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Methuselah
Joined: Jan 2009
Posts: 50,043 |
Shows you what I know. WTI now down $2 on profit taking pre-announcement. Funds are jumping out with program trading killing it. Down another $1 in the time it took me to type this.
"Things turn out best for those who make the best of the way things turn out" - Zachary Troy Schrah - a young man with vision far beyond his years.
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Re: $70
[Re: FXfromTx]
#12747544
05/08/18 03:39 PM
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Joined: Oct 2010
Posts: 14,703
Frenzy
TFF Guru
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TFF Guru
Joined: Oct 2010
Posts: 14,703 |
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Re: $70
[Re: FXfromTx]
#12747548
05/08/18 03:42 PM
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Joined: Jan 2009
Posts: 50,043
fouzman
Methuselah
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Methuselah
Joined: Jan 2009
Posts: 50,043 |
We're already $1.25 off the lows. Sanctions will be on!
"Things turn out best for those who make the best of the way things turn out" - Zachary Troy Schrah - a young man with vision far beyond his years.
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