Jan. 6 at 8:59 PM
$SLB $HAL $DINO $VLO I have a core position I wont touch. Sold a tiny bit yesterday and will buy back in as it fluctuates, but long-term, this is an absolute winner.
$60 at least and possibly
$80 or more. I also believe this "supply" glut is a little bit of nonsense. The numbers really don't add up when you consider manufacturing, sales, and geopolitical strife. It will take a little time to work out the approach to Venezuela but at the end of the day services and refiners will benefit first. Even if some of refiners won't take on the heavy crude from Venezuela a lot of the other refining will be shifted to them as the Texas refiners focus on Venezuelan crude. Also, lets get real here, refineries are not being built. In fact, more and more are going off line every day. These 4 have been my favorite stocks all year long and will continue to be so.
