releasing oil from the Strategic Petroleum Reserve - sarge | AMNB Message Board Posts

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Msg  20853 of 21483  at  9/16/2019 10:32:48 AM  by

keebon


 In response to msg 20849 by  staggman99
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Re: releasing oil from the Strategic Petroleum Reserve - sarge

 sarge,
We have more oil than we can use and some of the oil in the reserve can now be sold at higher prices.  Europe is in deep doo doo economically and needs a stable oil price to avoid recession.  We are, after all, nicking them with tariffs.  it's the least we can do.
 
I exited CQP this morning at an average price just under $48 and sold KMI shares I bought early last week.  CQP was my largest holding after gaining around 10% since Friday.
 
Bought some ET for a trade.  It's down after announcing the acquisition of SEMG. ET just sold a pipeline asset and the jewel in the SEMG crown are two oil export terminals on the Gulf.  High price, but should pay dividends.  PAGP and TRGP are also up.  I haven't checked EPD but imagine they are up also.  These are some of the big players in exporting oil and are going to do well.      
 


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Msg # Subject Author Recs Date Posted
20854 Re: releasing oil from the Strategic Petroleum Reserve - sarge sergeant 1 9/16/2019 10:48:29 AM


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