There's a traffic jam of oil tankers off the coast of Galvaston, TX and a 2 mile long train of tankers in the Mediterranean sea heading for the USA. Not only that, reports are saying that China storage is near capacity. So all this means we're about to see the bottom drop out of the oil market yet again. This time, it's going to be bad and I wouldn't doubt if CHK gets hit super hard. I hope all of you all have prepared and/or are preparing....this could be really bad for oil and gas companies. If it's any consolation, the price at the pump is likely to be way, way lower also. Best of luck to all.
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Uh Oh is right - U.S. commercial crude inventories rose by 252,000 barrels to a total of 487 million barrels in the previous week, the Energy Information Administration reported.
Not sure if you caught it but we're already at war with Syria. cough I mean ISIS....yeah that's it. Totally not at war with ISIS....I mean......Syria.
Time to declare War!
Apparently there's a report of a billion barrel oil field found in Syria - price is going to suffer.
Small run up this week, will finish the year closer to $5 than $6. CHK liquidity and current ratio will become major issue by next summer.
$6.00!! Let's see what the rest of the day holds for CHK!!
Troll
Get the technical support specialist to help??
Premium at the pump is down around $2.25/gallon. Shit is about to get real ugly in this industry.
Not really that many days of oil if Russia strikes oil reserves in Middle East.
Oil will be $30/bbl by end of year. CHK stock will hit $4's
Make way for new lows!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You haven't seen the bottom yet it looks like!!