|
|
Hyperdynamics Corporation
|
|
||
Strong Buy
Crude short interest at 9 year high-Unwinding short interest -OPEC cuts -Relatively low global drilling/production -Stable demand -Potential for US shale salt water disposal regulation -Mid. East conflict IMO $80+ oil is a strong possibility by 2018 and beyond. Don't even think the short figures in link below factor in ibank speculation, in which case none of the commodity is delivered. http://www.eia.gov/todayinenergy/detail.php?id=28472&src=email Short positions in U.S. crude oil futures held by producers, merchants at nine-year high Short positions in West Texas Intermediate (WTI) crude oil futures contracts held by producers or merchants totaled more than 540,000 contracts as of October 11, 2016, the most since 2007, according to data from the U.S. Commodity Futures Trading Commission (CFTC). ....most producers settle the contract through cash settlement. This involves purchasing back the short positions the producer entered. |
return to message board, top of board |
Msg # | Subject | Author | Recs | Date Posted |
124549 | Re: Crude short interest at 9 year high | ngsmeller | 0 | 10/25/2016 1:10:22 AM |