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Three "Do You Believe In Crude Oil Miracles" Charts
It appears European and US oil & gas stock investors (and Dow Transports lovers) believe they know better than commodity traders when it comes to some kind of future reality in which miracles of growth can happen. The disconnect between European oil & gas stocks, US energy stocks, and Trannies relative to crude oil has never been bigger...
What happened last time EU oil & gas stocks were this decoupled?
Here's what one energy specialist said...
Pascal Menges, energy fund manager at Lombard Odier Asset Management in Geneva, says in e-mailed comments that recent outperformance attributed to 3Q earnings that “were not so bad,” helping attract attention to “perceived” div. yield sustainability of large cos.
Says 4Q results “likely to be very tough,” with oil price, refining margins down sequentially
Sees possibility that 4Q results in early 2016 “could surprise generalists,” referring to certain shareholders
Adds that generalists who have been buying European integrateds due to “sanctity of dividend might get worries”; with 4Q possibly illustrating “how uncovered those dividends are”
In other words, he is, as politely as possible saying - what are these idiots thinking?
But it's not just the Europeans...
What happened last time US Energy stocks were this decoupled?
What happened last time Dow Transports were this decoupled?
Hint - Stocks Tanked!
Charts: Bloomberg
Bonus Chart: Energy credit is not buying it...
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No. I do know however that if you have access to consumable calories you can do and build some really useful shit.
the spice must flow...
we cannot consume oil fast enough.. in MARCH stories about so much oil..
The World Has Extracted More Crude Oil Than It Knows What to Do With"we cannot consume oil fast enough.." LOL!!! Over what time period?
Are you suggesting that the energy required to extract all that oil is going down?
Yes. It is nice to have surpluses (for as long as they last). How about price discovery? How important do you think that is, especially to companies that actually do more than simply push fucking paper around?
enlighten us.
It's a great time to learn about Bitcoin!
http://www.BitcoinTeaching.com
Yes, Blythe Masters agrees...
LOL, one of my friends was going on about bitcoin, and was clueless about who she is.
Bought USO 15Nov27 Calls, SP $13
Because fundamentals don't matter
EXACTLY! Turdollars! The more you eat, the more you shit; the more you shit, the wealthier you get!
Turdollars all around!
Turdollars never go down!
Grow your turd piles to the sky!
Grow richer and richer until you die!
Your unfathomable wealth will astound!
"The disconnect between European oil & gas stocks, US energy stocks, and Trannies relative to crude oil has never been bigger..."Tylers, do think it's appropriate to still use the word "Trannies" on such a politically correct forum as ZH? If so, then I'll have to rethink my free subscription going forward, backwards, or sideways.s
You know what would be real interesting? Seeing a chart with a longer scale. What has history taught us about the ability of the equity market to reflect the future prospects of oil?
I wonder if it would crush the shortsightedness of this article...?
Do you believe you can borrow cheaply to buy back shares of your company on the open market into perpatuity? https://research.stlouisfed.org/fred2/graph/?g=2CU0
Bullish Oil & Gas
don't worry tho, its a good thing we're not mis-pricing risk:
TOM LEE: Stocks are the new bonds
http://www.businessinsider.com/dividend-yields-higher-than-bond-yields-2015-11
They never tire of scraping up pennies in front of a steamroller.
Easyjet hedged their fuels costs badly, so are cutting costs by just providing food in tubes on their flights.
They're starting off with tubes of peas and lemons, and are rebranding the airline as "EasyPeasyLemonSqueezyJet".
If they actually provided food it would be an improvement, and I don't know how they managed to engineer a chair that is so uncomfortable myself, a plastic stool would be better, or just standing...
You are charged with having no sense of humour, the evidence is thus: "EasyPeasyLemonSqueezyJet"
The Hills Group.org Since 1975 the energy to produce petroleum, and its products has increased 433%.
As measured in what? ergs? calories? fiatscos?
Jump! You Fuckers!
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I believe in miracles, you sexy thing:
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https://www.youtube.com/watch?v=8Em7IRHvArk
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'bout time to crack open another bottle. gotta be 8am somewhere? wuz gonna clean my guns this morning, but the heck with it! goin to exert some of my constitution rights and go huntin with my buds later.(if we can stand up, that is. makes it more interesting;) gotta get in the woods and kill sumptin. anything. mooslim squirels, jihadist rabbits, etc. gotta be prepared for my states quota. ya'll enjoy your weekend, brought to you by the labor union people:)