Crude is a not as important an indicator as XLE is for the
direction of RIG IMO. Notice RIG got a new contract but not to
start until spring of 2024. Did cover part of short 8.12 in AH sell
last night. Probably will add to short this a.m.
Goodluck.
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No, I meant do you
Going to stick with RIG short at 8.27 this a.m.
Posted by hoek2 on 31st of Aug 2023 at 06:02 pm
No, I meant do you use crude as an indicator for drillers or just $XLE - and if not, why not - you don't think its relative?
Crude is a not as
Posted by rbreese on 1st of Sep 2023 at 07:13 am
Crude is a not as important an indicator as XLE is for the direction of RIG IMO. Notice RIG got a new contract but not to start until spring of 2024. Did cover part of short 8.12 in AH sell last night. Probably will add to short this a.m. Goodluck.